MORE than 200 Ostwald Bros employees are facing the sack, with administrators of the embattled civil construction company to recommend the company be liquidated at a creditors’ meeting next week. The employees were kept on by administrators PricewaterhouseCoopers after they took control of the company in late August in an effort to improve the company’s…
Cardiff-based Ticketline (UK) placed into liquidation 23 November 2017 From the section South East Wales Image copyright Google Image caption The company provides tickets for live shows, sporting events and day trips Customers with outstanding tickets from Ticketline (UK) could miss out as the company is placed into liquidation. Insolvency firm CVR … Read the…
Image copyright Google Image caption The company provides tickets for live shows, sporting events and day trips Customers with outstanding tickets from Ticketline (UK) have been urged to contact their credit card provider as the company is placed into liquidation. Insolvency firm CVR Global said it had been called in after the company, based on…
The government sought to tighten the Insolvency and Bankruptcy Code (IBC) through an ordinance to ensure that wilful defaulters and promoters of companies in loan default over an extended period of time wont be able to get their hands back on assets during the resolution process. The ordinance comes in the wake of concerns that…
At a meeting on Nov 15, the board considered its combined financial position, including all of its subsidiary companies in China. In an update to the Stock Exchange of Hong Kong, the board stated: The combined net liabilities of such subsidiaries in the Peoples Republic of China as at 31 March 2017 could have been…
In the news release, Fashion to Figure Receives Court Approval to Begin “TOTAL LIQUIDATION SALE”, issued 22-Nov-2017 by SB Capital Group, LLC over PR Newswire, we are advised by the company that while the remaining 19 Fashion to Figure stores will be included in the company’s liquidation, they will not necessarily be closing, as the…
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At least 100 brides to be around the country are in the throes of a pre-nuptial frock emergency after luxury Perth bridal house Pallas went into voluntary administration. It was another dark day for Perth retail yesterday with 23-year-old WA streetwear chain Live Clothing also going into the hands of external administrators. Pallas, with salubrious…
NEW YORK, Nov. 22, 2017 /PRNewswire/ — It was announced today that New York based Fashion to Figure will close its remaining 19 stores across 6 states following a total liquidation of the Company’s inventory. On Wednesday, a U.S. Bankruptcy Court judge in New Jersey approved an order authorizing a joint venture of SB Capital Group, LLC,…
Creditors owed more than $400,000 by Laurie Mains-owned Clan Construction Commercial Ltd have a big decision to make on Friday. Those owed money will have to decide whether to either accept 60c in the dollar owed or take their chances with Mr Mains liquidating the company. The former All Black and All Blacks coach has…