The latest quarterly insolvency statistics published today by Deloitte show that the number of corporate insolvencies has fallen by 14% in 2017 compared to the same period in 2016. So far in 2017 there have been 657 corporate insolvencies, compared to 765 in the same period in 2016. Of the 657 corporate insolvencies, creditors…
FORMER patients of two financially struggling medical centres are paying the price after receiving healthcare at the businesses. Explaining the $77 fee lumped with patients seeking medical records, the administrators of Calliope and Gladstone Valley Medical Centres said the money would “partially recoup” what was being spent the winding up the non-profitable centres. EARLIER REVEALED:…
GLADSTONE Valley and Calliope Medical Centre patients are coughing up cash for the administration of two recently closed general practice services. In a statement provided to The Observer, administrators Worrells Solvency and Forensic Accountants explained why it is charging patients $77 to have their medical records transferred to new healthcare providers following the closures of…
A former oil and gas drilling company has resumed trading on the Australian share market under a new name and purpose: selling Australian products to Chinese tourists and “daigou”. AuMake International sells Australian cosmetics, vitamins, long-life milk, baby products, and wool and leather products through its wholesale warehouses and retail stores. The company wants to…
(Updates with liquidation deadline, context throughout) By Nichola Saminather TORONTO, Oct 4 (Reuters) – Sears Canada on Wednesday won court approval to extend credit protection by a month to Nov. 7, but its creditors set a deadline of this week to liquidate the retailers assets, leaving the company with mere days to decide its fate.…
TORONTO, Oct 4 (Reuters) – Creditors to Sears Canada have set a deadline of Oct. 7 for the retail chain to enter liquidation agreements for all its assets, leaving the company with just days to reach a deal to continue operations, a court-appointed monitor said. That tight deadline presents a challenge and could potentially derail…
Sears Canada Inc.s top executive is making a last-ditch attempt to keep the retailer alive as its creditors press for an accelerated liquidation to settle its debts. A special committee of the Sears Canada board will decide this week on Executive Chairman Brandon Stranzls bid to purchase some of its stores out of bankruptcy as…
TORONTO, Oct 4 (Reuters) – Creditors to Sears Canada have set a deadline of Oct. 7 for the retail chain to enter liquidation agreements for all its assets, leaving the company with just days to reach a deal to continue operations, a court-appointed monitor said. That tight deadline presents a challenge and could potentially derail…
TORONTO Sears Canada could begin a full liquidation of the business as soon as October 19th as the clock runs down on an offer from executive chairman Brandon Stranzl. Stranzl, who made a latest revised bid for the company on Tuesday night, is the only party who wants to run the business as a going…
By PHILIP MUYANGAMore by this Author PrideInn Hotels and Investments Ltd got a reprieve on Wednesday after the Court of Appeal suspended the execution of a judgment placing it into liquidation for its inability to pay a Sh69.3 million debt. The stay of execution of the judgment has been issued pending the filing, hearing and…