©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…
Calcutta, May 14: Cost accountants are eyeing a bigger role with the introduction of the insolvency and bankruptcy code. According to the code, licensed insolvency professionals will now conduct the bankruptcy and insolvency resolution process and insolvency professional agencies will be created. The appointed professional shall conduct the entire corporate insolvency resolution process and…
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/
Algovita On March 14, 2016, medical device manufacturer Greatbatch, Inc. (NYSE:GB) spun off its neuromodulation division under the new name “Nuvectra Corp.” (NASDAQ:NVTR). On the day of the spinoff, Greatbatch shareholders received one share of Nuvectra for every three shares of Greatbatch. The decision to spin off Nuvectra was made when Greatbatch’s Algovita Spinal Cord…