Office administrator Natalie Akinola diverted cash into her own bank 93 times 32-year-old began stealing two days after being authorised to access accounts Russ Blackburn started firm 12 years ago, now has £70k debt and tax bill of £37k By Amie Gordon For Mailonline Published: 22:24 +11:00, 1 February 2017 | Updated: 22:46 +11:00, 1…
Corporate insolvencies The corporate insolvency numbers have been skewed by a wave of personal service companies being closed in the last quarter. It may have been just the closure of a handful of companies run by an umbrella provider which led to the spike. When you look beyond that though, 2016 had more or less…
DCL Advisory is a professional insolvency consultation firm that offers Voluntary Administrator services. Voluntary Administration Voluntary Administration offers relief to an insolvent company so it can determine its future. Protections include: unsecured creditors cannot pursue claims against it without the administrators or courts approval secured creditors cannot impose charges non-perishable property owners or those who…
Fairfax Media The companies behind fashion brands David Lawrence and Marcs have been placed in voluntary administration. Vision courtesy ABC News 24. It’s business as usual at fashion stores David Lawrence and March, administrators say, as they get the struggling businesses ready for sale. Poor sales and market conditions led to the decision to voluntarily…
High-profile Australian fashion labels Marcs and David Lawrence have collapsed under debts of close to $30 million, including close to $3 million in worker entitlements and a $700,000 debt to the tax office. The appointment of voluntary administrators to two of the country’s best-known fashion brands leaves close to 1200 workers facing the the loss of their livelihoods as insolvency specialist Rodgers Reidy reviews…
Pretoria – The attempted business rescue of RBA Holdings appears to have failed and the company is set to be liquidated. Trevor Glaum, RBAs business rescue practitioner, confirmed on Tuesday that he would be applying to the Western Cape High Court today, or as soon as possible thereafter, to discontinue RBAs business rescue proceedings and…
Shutterstock photo (Adds Cemig securities filing on 9th paragraph) By Guillermo Parra-BernalSAO PAULO, Jan 31 (Reuters) – The Brazilian state of Minas Gerais has no plans to sell the controlling stake it has in power utility Cia Energética de Minas Gerais SA as a condition to join a federal government-backed debt relief plan,…
DALLAS, TX–(Marketwired – February 01, 2017) – N.D.B. COMPANY INC.’s, an affiliate of North Dallas Bank & Trust Co. (Bank), Board of Directors has set March 31, 2017 as the record date for the distribution of the proceeds from the liquidation of N.D.B. COMPANY, INC. Distributions will be made April 7, 2017, on a pro…
Leading fashion brands David Lawrence and Marcs has been placed in voluntary administration. Administrator Rodgers Reidy’s director Geoffrey Reidy says the two brands would continue to trade while his team reviews their operations ahead of a planned sale of the businesses. The sole director of the companies operating the labels, Malcolm Webster, says it has…
N.D.B. COMPANY, INC. Announces Record Date of Liquidation Distribution, Affiliate of North Dallas Bank & Trust Co. (NODB) SOURCE: North Dallas Bank & Trust Co. February 01, 2017 10:04 ET DALLAS, TX–(Marketwired – February 01, 2017) – N.D.B. COMPANY INC.’s, an…