AFTER 25 years of trade, Thorps Jewellers is closing down its Kingaroy Shoppingworld store. Co-owner Jan Thorp said she and husband Allen did not renew the lease because they wanted to have a break and decrease their workload. “We just wanted to downsize, we’re not getting any younger and haven’t had a break since 1999,”…
13:07 23 January 2017 Tony Gussin The Queen’s Theatre in Barnstaple. Archant The Queens Theatre in Barnstaple and the Landmark in Ilfracombe are closed until further notice as the theatres trust goes into voluntary administration … Read the full article at: http://www.northdevongazette.co.uk/news/north_devon_theatres_trust_goes_into_administration_1_4859420
Comments (3) A Derby insolvency expert has warned that a “hard Brexit” is likely to lead to a surge in companies going out of business. According to research by insolvency and restructuring trade body R3, almost three-quarters of its members believe the EU Referendum result will cause corporate insolvency numbers to rise by the end of…
Vernon Dennis of Howard Kennedy LLP explores recent and future challenges faced by the insolvency sector Those practising in the insolvency sector will commonly encounter the refrain, I bet you must be busy. The response provided to this statement will surprise many as corporate insolvency numbers in 2016 remained flat, representing just 0.41% of all active companies; the lowest…
Once the Business Liquidation Services has started, we will walk you through it step by step. If you have a business of your own, you know that it takes a lot to keep it running and successful. There are other factors that will also help to keep it successful. Liquidation and receivership are just two…
Perth construction company Builton Group has become the latest casualty of Perths building downturn, appointing administrators today. The appointment of Cor Cordis Dino Travaglini and Jeremy Nipps as external administrators was flagged by the Building Commission late on Friday. WestBusiness last week reported one unpaid creditor KJ Carpentry (WA) had appointed a liquidator after it…
WAs building slump is on the verge of claiming another scalp, with a key operating arm of Builton Group telling the States regulatory authorities it is on the verge of placing itself into voluntary administration. The Building Commission last night took the unusual step of issuing a warning about Builtoncorp Pty Ltd, a commercial and…
MUMBAI: Tata Motors is shrinking structure of its white-collar workforce to five layers from the existing 14, in what is seen as the biggest organisational restructuring in the companys history. Some job losses were envisaged as part of changes, but a decision has yet to be taken, people in the know said. The new structure…
NEW DELHI: Providing the first possible avenue to resolve insolvency in a market-determined and time-bound manner, the Insolvency and Bankruptcy Code will help improve ease of doing business as well as develop the debt market, says IBBI Chairperson M S Sahoo. Less than four months old, the Insolvency and Bankruptcy Board of India (IBBI) has…
Readers will recall that on 23 September 2016 we posted an article about recognition under the UNCITRAL Model Law on Cross-Border Insolvency (Model Law) of the Korean rehabilitation proceedings for Hanjin Shipping. After granting interim recognition of the rehabilitation proceedings in September 2016, the Federal Court granted final recognition orders on 11 November 2016. The…