Bankruptcy, liquidation and closings are becoming all too familiar in the brick-and-mortar retail world. Gordmans added itself to the growing list of retailers closing up shop when the Omaha, Nebraska-based company announced this week that it filed for Chapter 11 bankruptcy. “It’s business as usual in our stores and Gordmans.com!” the home page of the website says. “In…
KBS REAL ESTATE INVESTMENT TRUST, INC. (OTCMKTS:KBRS) Files An 8-K Other EventsITEM 8.01 OTHER EVENTS Initial Liquidating Distribution Authorized On January 27, 2017, the stockholders of KBS Real Estate Investment Trust, Inc. (the Company) approved the sale of all of the Companys assets and the Companys dissolution to the terms of…
FENTON, MI – A man who pleaded guilty to stealing millions from an Oakland County credit union is slated to learn how long he’ll spend in prison when he is sentenced in federal court today. Michael LaJoice pleaded guilty to a single bank fraud count in U.S. District Court in Detroit in November after admitting…
Hundreds of new home owners have been left in limbo after the collapse of a land developer in Melbourne’s outer north-west. Developer Land Source Australia was placed in administration last year leaving residents of Waterford Estate unsure if key features of the estate parks, ovals and shopping centres promised by the developers will be delivered.…
North Sydney have emerged as the Bad News Bears for the Gold Coast Titans ahead of Friday night’s NRL clash with Parramatta. Gold Coast half Kane Elgey says the Titans have enough to worry about without renewed speculation that North Sydney are preparing a $7 million takeover bid of the NRL club. The Titans are…
North Sydney have emerged as the Bad News Bears for the Gold Coast Titans ahead of Friday night’s NRL clash with Parramatta. Gold Coast half Kane Elgey says the Titans have enough to worry about without renewed speculation that North Sydney are preparing a $7 million takeover bid of the NRL club. The Titans are…
Dairy farmers who are collectively owed millions of dollars have accused the owner of a collapsed Victorian milk broking business of funding his “lavish lifestyle” from the company accounts rather than paying them for their milk. Key points: NDP bought milk from dairy farmers and sold it on to food producers Company collapsed in…
Air operator Citywing is to go into liquidation. All flights have been cancelled from today. The shock announcement was made on the companys Facebook page last night. Citywing said it had found it difficult to source suitable aircraft to operate its services after Van Air lost its route licences on February 24. The Department…
Disgraced wedding dress designer Johanna Johnson is back at work in a new studio across the road from Sydney’s glamorous Bondi Beach despite the company registered in her name being in liquidation. It all came crashing down for the designer last year after Johanna Johnson Pty Ltd went into administration, leaving a huge question mark…
Cardiff-Anglesey airline Citywing goes into liquidation 11 March 2017 From the section Wales Image copyright AirTeamImages Image caption An aircraft operated by Van Air An airline which operated flights between Cardiff and Anglesey has gone into liquidation. Directors of Citywing said the decision was taken after Van Air’s permission to fly to was suspended last…