New Delhi: The Insolvency and Bankruptcy Board of India, or IBBI, on Tuesday sought public comments on draft rules outlining the process that companies can follow for voluntary liquidation under the Insolvency and Bankruptcy Code, 2016. A company that has not defaulted on loans may initiate voluntary liquidation subject to certain conditions, according to the…
Hartlepool United chairman Gary Coxall has used social media to try to reassure fans after a business linked to the clubs owners went into liquidation. JPNG Recruitment appointed a voluntary liquidator on February 1. Mr Coxall said on Twitter that Pools is owned by JPNG Limited and that the liquidation will not affect the club.…
Shutterstock photo By Guillermo Parra-BernalSAO PAULO, Feb 13 (Reuters) – A Brazilian land developer controlled by Carlyle Group LP <CG.O> investment vehicles is buckling under mounting client and creditor lawsuits and an unsustainable debt load, highlighting legal risks facing global buyout giants in Latin America’s No. 1 economy. The survival of Urbplan Desenvolvimento…
The corporate insolvency and bankruptcy system would be fully functional by 31 March 2017, says MS Sahoo, chairman of the bankruptcy regulator, Insolvency and Bankruptcy Board of India. Though the system has started working from 1 December 2016, there are still some parts — finalising regulations of information utilities and voluntary liquidations — which are…
By Mthandazo Nyoni Struggling Bulawayo firm, Merlin, has been given up to June 30 to secure an investor or face liquidation. The iconic manufacturer risks joining other big companies that went under in Zimbabwe’s second city over the past decade, a new report has revealed. Merlin survived liquidation over a decade ago and was placed…
A grieving student nurse is in thousands of pounds worth of debt after being refused government help for her dads funeral. Beccy Oxley, studying nursing at Liverpool John Moores University , was forced to pay out over £3,000 for funeral arrangements after her father died suddenly in November 2016. The 24-year-old, who was his next…
Commando Steve’s Sage Institute of Fitness goes into voluntary administration exit A fitness college network that has been promoted by Biggest Loser star Steve “Commando” Willis has gone into voluntary administration following the federal government’s crackdown on the vocational education sector. Administrator’s Ferrier Hodgson, which has taken over three of Australia’s largest collapsed colleges, Phoenix, the Australian Institute of Professional Education and…
Commando Steve’s Sage Institute of Fitness goes into voluntary administration exit A fitness college network that has been promoted by Biggest Loser star Steve “Commando” Willis has gone into voluntary administration following the federal government’s crackdown on the vocational education sector. Administrator’s Ferrier Hodgson, which has taken over three of Australia’s largest collapsed colleges, Phoenix, the Australian Institute of Professional Education and…
Commando Steve’s Sage Institute of Fitness goes into voluntary administration exit A fitness college network that has been promoted by Biggest Loser star Steve “Commando” Willis has gone into voluntary administration following the federal government’s crackdown on the vocational education sector. Administrator’s Ferrier Hodgson, which has taken over three of Australia’s largest collapsed colleges, Phoenix, the Australian Institute of Professional Education and…
A fitness college network that has been promoted by Biggest Loser star Steve “Commando” Willis has gone into voluntary administration following the federal government’s crackdown on the vocational education sector. Administrator’s Ferrier Hodgson, which has taken over three of Australia’s largest collapsed colleges, Phoenix, the Australian Institute of Professional Education and the Australian Careers Network, has been called into the Sage Institute of…