Category Archives: Liquidation

Valor Ideal liquidation ends with creditors out of pocket – Taranaki Daily News

JONO GALUSZKA Relevant offers The liquidation of a Uruguayan-owned property development company, that had investments in Palmerston North worth tens of millions of dollars, has left dozens of creditors out of pocket. Valor Ideal, a property company owned by Uruguayan investors Frederico and Ricky Chayman and managed by former Palmerston North businessman Paul Barris, was placed into liquidation in September 2013. Valor…

Valor Ideal liquidation ends with creditors out of pocket – Stuff.co.nz

The liquidation of a Uruguayan-owned property development company, that had investments in Palmerston North worth tens of millions of dollars, has left dozens of creditors out of pocket. Valor Ideal, a property company owned by Uruguayan investors Frederico and Ricky Chayman and managed by former Palmerston North businessman Paul Barris, was placed into liquidation in September 2013. Valor Ideal’s substantial property portfolio at the…

GLOBAL AGENDA: ‘Time’ is up – Jerusalem Post Israel News

“The United States of Insolvency is the graphic title of a sprawling article in Time magazines April 25 issue. That in itself is significant, as is the clear and punchy content of the piece which delivers the chapter and verse detailing why the headline is not imaginary or threatening, but rather factual and inexorable.…

Children’s party business The Play Station placed in liquidation – ChronicleLive

A popular childrens party business in Newcastle has been placed in liquidation. The Play Station Gosforth shut its doors suddenly at the end of last month, when its signs were removed and a notice of forfeiture from Stateplus Limited was attached to the venues entrance. On April 18, a meeting of creditors was held at…

Clive Palmer’s Queensland Nickel creditors vote to liquidate debt-laden company – ABC Online

Creditors of Clive Palmer’s Queensland Nickel have voted to liquidate the company, a fortnight after administrators made the recommendation amid crippling debt. Key points: Liquidation move will allow pursuit of any Clive Palmer debts Administrators urged liquidation in report earlier this month Sacked workers among creditors voting to liquidate Creditors, including 800 sacked workers,…

Scottish business failures up 10 per cent year-on-year, finds KPMG – Herald Scotland

NEW corporate insolvency statistics from accountancy firm KPMG show a marked increase in the number of businesses failing in Scotland during the first quarter of 2016. Between January and March this year, total insolvency appointments rose by 10 per cent from 188 to 206 compared to the same three months in 2015. The increase is…

Scottish business failures up 10 per cent year-on-year, finds KPMG – Herald Scotland

NEW corporate insolvency statistics from accountancy firm KPMG show a marked increase in the number of businesses failing in Scotland during the first quarter of 2016. Between January and March this year, total insolvency appointments rose by 10 per cent from 188 to 206 compared to the same three months in 2015. The increase is…

Chances of bankruptcy law passage brighten – Livemint

Last Modified: Fri, Apr 22 2016. 04 05 AM IST Parliamentary panel reached political consensus on the bankruptcy law that makes it easier for sick companies to be either wound up or revived New Delhi: Prospects of the early passage of a bankruptcy law, which makes it easier for sick companies to be either…

Double liquidation trouble for Clive Palmer’s Qld Nickel – The Australian Financial Review

Clive Palmer in Canberra: A court hearing on Friday is crucial for his finances. Alex Ellinghausen The Queensland Nickel collapse will move into a new and more dangerous phase for mining entrepreneur Clive Palmer on Friday when creditors vote to put the company into liquidation. There are no deeds of company arrangement on the table…

Three women is not a crowd on company boards – The Australian Financial Review

A single woman on a board is a token. Erin Jonasson by Reza Monem One is a token, two is a presence, three is a voice. Sounds familiar? This seems to be the effect of placing women on corporate boards. Although corporate leaders may think otherwise, academic research seems to find this effect again and…