Shirtmaker Nicholas Jermyn has been placed under voluntary administration, with PWC appointed administrators. Two stores will close but the company is assuring customers that it remains open for business. Shirts The Willis Street store in Wellington and Botany Town Centre store in Auckland will be closing but the directors say all their other stores remain…
Michael King, WXIA 2:03 AM. GMT May 19, 2016 MIAMI, FL – MARCH 02: A Sports Authority store is seen as the company files for Chapter 11 bankrupty on March 2, 2016 in Miami, Florida. The chain of stores owned by private equity firm Leonard Green & Partners will seek to sell or close about…
The Insolvency and Bankruptcy Code, 2016 In 1999, the Justice Eradi Committee, in its report, had identified 473 winding-up cases that were pending for more than 25 years. The analysis of companies under liquidation as on October 31, 2015, furnished by the Department of Financial Services indicates that there were 1,479 pending winding-up cases for…
Kristin Lammerting was a director of a liquidated company that owes more than $1.7 million to 100 companies. 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 Investment Group NZ, which traded as Palmco,…
A training and skills development business set up by a former professional soccer player has collapsed into voluntary administration. Mr Soccer Pty Ltd called in voluntary administrators late last week. Frank Lo Pilato, managing partner at RSM Canberra, has been appointed external manager. A creditors meeting is scheduled for 25 May in Canberra. Mr Soccer was set up…
Kentucky insurance commissioner Brian Maynard filed a lawsuit Saturday in Franklin Circuit Court against the company tapped to process and pay claims for the liquidated Kentucky Health Cooperative, surfkynews.com reported. Maynards suit asserted that CGI Technologies and Solutions, Inc. was grossly negligent in processing and paying claims. The suit also argued that the company breached…
Accusations that Finance Minister Michael Noonan is a vulture-fund lover sparked a major row at the Oireachtas Housing Committee yesterday. During his contribution to the committee, Irish Mortgage Holders Organisation chief David Hall was speaking about the lack of supply of new homes when he spoke about Mr Noonan. Fine Gael deputies objected to the…
©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…