JOHN KIRK-ANDERSON/FAIRFAX NZ Stonewood Blenheim Region director Brent Mettrick is putting the company into liquidation after its franchise arrangement was cancelled by new Stonewood owners, Inno Capital. The Stonewood Homes franchise that was created to salvage the builds and reputation of the brand in Marlborough is going to be placed into liquidation, its director says. Stonewood…
Kylie Hollard. The Dick Smith collapse has led to an investigation by National Australia Bank and HSBC to explore action against the six former directors of the company and its auditor, Deloitte, but who really is to blame? Should creditors be aware of the warning signs? Staples Rodway Associate, Kylie Hollard, tells us the warning…
April 5, 2016 2:01 p.m. ET WILMINGTON, Del.There is no sign of a quick end to the long-running fight over how to divide the remnants of Nortel Networks Corp., a legal battle that has kept the defunct telecommunication companys investors and former employees waiting for years to be paid. Nortels U.S. unit, bondholders, Canadian creditors…
After many dramas and twists, this morning Tel Aviv District Court judge Eitan Orenstein sent Inbal Or’s company Or City Real Estate into liquidation. Reading his decision, Orenstein said there was “no hope of rehabilitating the company.” He ordered the appointment as liquidator to all the companies in the group the person who…
April 5, 2016 10:07 a.m. ET The long-running fight over how to divide the remnants of Nortel Networks Corp. continues Tuesday in a U.S. federal court, with creditors in Canada, the U.K. and the U.S. vying for a share of the $7.3 billion raised from the liquidation of the defunct global telecommunications giant. Nortels U.S.…
A company spruiking a land banking scheme in Maiden Gully has gone into liquidation, potentially costing investors millions of dollars. A provisional report, prepared by Deloitte prior to liquidation in March, reveals investors will likely only see a small fraction of the $3 million sunk into the Bendigo Vineyard Estate Pty Ltd project. Under the scheme, investors bought the right to bank land in…
MoneySavingExpert.com founder Martin Lewis has set up the new Money and Mental Health Policy Institute, funded with a pledged £2.1m donation over four years. Here he writes exclusively to explain why Debt and mental illness: a marriage made in hell 1. You are four-to-six times more likely to have debt crisis if you have mental health issues. 2. Half…
STOCKHOLM–(BUSINESS WIRE)–Regulatory News: Today, Hoist Finance (STO:HOFI) announces a strategic partnership that underpins the attractiveness of the Groups offering towards international banks, at the same time the agreement results in a new market entry. This is well in line with Hoist Finances established and prudent expansion strategy to become the preferred debt restructuring partner to…
Developer Ray Grehan used the law firm at the centre of the Panama Papers investigation to shield assets from the National Asset Management Agency (Nama). Mr Grehan did not disclose to the agency his quarter share in a 50 million Dutch casino when it took over his debts of 300 million in 2010. He transferred…
After many dramas and twists, this morning Tel Aviv District Court judge Eitan Orenstein sent Inbal Or’s company Or City Real Estate into liquidation. Reading his decision, Orenstein said there was “no hope of rehabilitating the company.” He ordered the appointment as liquidator to all the companies in the group the person who…