Its almost certainly the end of The Sports Authoritys road. In March, the debt-laden retailer filed for Chapter 11 protection in federal bankruptcy court in Delaware, saying that it would close about 140 of its 463 stores. But last week, The Sports Authority gave up hope it could re-organize under bankruptcy protection, opting instead to…
PARAMUS, N.J. Two months after it filed for Chapter 11 bankruptcy protection, Sports Authority will liquidate all of its assets, according to a report on Forbes.com. Sports Authority notified the United States Bankruptcy Court in Delaware last week that it would not be able to reorganize and would pursue a sale amid the $1.1 billion…
Georgia Slade paid $5000 for Johanna Johnson ‘Somerset’ wedding dress 30-year-old fell in love with brand after seeing actor Zoe Ventoura’s gown She is one of 50 brides without dress after designer went into liquidation Supreme Court found Ms Johnson owes over $1 million to the Tax Office Her Facebook page has been inundated with…
Key will be timely implementation, says Joint committee chief New Delhi, April 28: The existing framework for insolvency and bankruptcy is inadequateand laws are scattered when it comes to dealing with business failure. There is a need for comprehensive legislation, said Bhupender Yadav, Chairman of the Joint Committee on the Insolvency and Bankruptcy Code. Yadav,…
An Indian parliamentary panel approved a bill aimed at overhauling century-old bankruptcy regulations, taking a key reform measure aimed at improving ease of doing business closer to implementation. The panel, comprising members from the ruling as well as opposition parties, proposed that the Insolvency and Bankruptcy Code should include laws to seize overseas assets of defaulting…
Earlier this week, we brought you the news that Quickflix, Australia’s original movie streaming service, had entered into voluntary administration. Though the news was hardly surprising, Quickflix CEO Stephen Langsford believes that the companys restructure will enable it to come back stronger than ever. In an official statement issued today, Langsford pointed to the services…
Earlier this week, we brought you the news that Quickflix, Australia’s original movie streaming service, had entered into voluntary administration. Though the news was hardly surprising, Quickflix CEO Stephen Langsford believes that the companys restructure will enable it to come back stronger than ever. In an official statement issued today, Langsford pointed to the services…
Michael Garnham is accused of not paying the company’s tax. A company closely tied to a former Abel Tasman beach owner has been put into liquidation. The Inland Revenue Department (IRD) applied to put Sams Bay Holdings into liquidation in March 2015, seeking to recover more than $250,000. This year, a new application was filed…
THE directors of Gawler River Cattle Company have placed the company in voluntary administration to work on an overhaul/restructure of its retail and wholesale meat operations. Stephen Duncan and Chris Powell of restructuring specialists DuncanPowell have been appointed voluntary administrators. The Gawler River Cattle Co business employs 38 people across its retail and wholesale meat…
Before the forfeiture committee is summoned to consider de-gonging Sir Philip Green, its probably wise to introduce some proper process into the unpicking of the BHS fiasco. Frank Fields work and pensions select committee can do valuable work on the narrow question of assessing the impact on the Pension Protection Fund (PPF), the lifeboat for…