A training and skills development business set up by a former professional soccer player has collapsed into voluntary administration. Mr Soccer Pty Ltd called in voluntary administrators late last week. Frank Lo Pilato, managing partner at RSM Canberra, has been appointed external manager. A creditors meeting is scheduled for 25 May in Canberra. Mr Soccer was set up…
Kentucky insurance commissioner Brian Maynard filed a lawsuit Saturday in Franklin Circuit Court against the company tapped to process and pay claims for the liquidated Kentucky Health Cooperative, surfkynews.com reported. Maynards suit asserted that CGI Technologies and Solutions, Inc. was grossly negligent in processing and paying claims. The suit also argued that the company breached…
Accusations that Finance Minister Michael Noonan is a vulture-fund lover sparked a major row at the Oireachtas Housing Committee yesterday. During his contribution to the committee, Irish Mortgage Holders Organisation chief David Hall was speaking about the lack of supply of new homes when he spoke about Mr Noonan. Fine Gael deputies objected to the…
©EPA A record number of solvent companies were liquidated in March because of directors rushing to cash in before rule changes that some feared would more than triple their tax bills. Since the start of April, directors winding up a solvent company can no longer claim entrepreneurs relief on capital gains a tax rate of…
A vocational training provider with more than 450 students and 30 staff has gone into voluntary administration. The College of Australian Training is a Registered Training Organisation who provided nationally recognised training in 35 different locations across Australia. The organisation is based in Queensland and has campuses in Townsville, Cairns, Gold Coast and Sunshine Coast. The College…
Kristin Lammerting of Kerikeri’s Palmco Café blames the liquidation on mismanagement by a general manager she employed and an accountant. Photo / Peter de Graaf A Northland business liquidated after it ran into financial difficulties owes nearly 100 companies throughout the country more than $1.7 million. The largest amount owed by Kerikeri-based LIG Lammerting Business…
The abandonment of Old Trafford is reported to have cost the club £3m and Christopher Reid has apologised for the chaos caused by his security firm The Old Trafford fake bomb blunder that resulted in Manchester United’s clash with Bournemouth being abandoned on Sunday could result in the liquidation of the security company which misplaced…
Peter Cundill: Discount To Liquidation Value via Jason Boole, Boole Microcap Fund Theres Always Something to Do: The Peter Cundill Investment Approach This weekend I read a fascinating book, Theres Always Something to Do: The Peter Cundill Investment Approach, by Christopher Risso-Gill. Peter Cundill was one of the best value investors in the world. He…
Advertisement The Rajya Sabha on May 11, 2016 passed the Insolvency and Bankruptcy Code 2016 (“Bankruptcy Code”), a vital reform aimed at making it easier to do business in India by providing for time-bound resolution of insolvency process, faster turnaround of busi… Read the full article at: http://businessworld.in/article/The-Insolvency-And-Bankruptcy-Code-2016/14-05-2016-98042
Share Tweet Share Share Email Liquidation is a dreaded term because it simply means ending a company for assets to be redistributed in an effort to pay off debts that are outstanding and creditors. It is also what is preferred to as dissolution, winding up or receivership. When it comes to liquidation, it can either…