A consultant in restructuring and insolvency, Mr Felix E. Addo, has been appointed advisor to the National Investment Bank (NIB) to oversee the restructuring of the state-owned lender. The Bank of Ghana (BoG) announced the appointment of Mr Addo, who is the President of the Ghana Association of Restructuring and Insolvency Advisors (GARIA), in a…
DetailsRobayne, the Perth-based equipment and coatings distributer has gone into voluntary liquidation which is being handled by FTI Consulting. The company was founded in 1974 as has expanded in recent years, especially in rural areas and has 14 branches around Australia. The liquidation proceedings may result in the company continuing to trade, or going into…
DetailsLONDON (Reuters) – Two of the worlds largest precious metals refiners, Valcambi and Asahi, are separately bidding for the assets of their bankrupt Miami-based rival Republic Metals Corporation (RMC), two sources familiar with the matter said on Wednesday. FILE PHOTO – A gold Combibar is seen at a plant of gold refiner and bar manufacturer…
DetailsCompany insolvencies decreased in Q4 2018 on the previous quarter but were higher the same quarter in 2017. Overall, all types of company insolvency increased in 2018 compared with 2017 except administrative receivership. Insolvency Service figures show 17,439 companies entered insolvency in 2018, a rise of 0.7% on 2017. Total liquidations fell by 0.5% to…
DetailsThe Liberal Party of Canada is refusing to release details of a fundraiser held by MP Raj Grewal that amassed hundreds of thousands of dollars at a time Grewal was struggling with millions in gambling debts. With tickets priced at $500 a person, Grewal said the event for the Brampton East Liberal riding association last…
DetailsTomorrow is being billed as D-Day for debt because charities say it is the busiest day of the year for people to seek help with money worries. But its not overspending devastating the lives of thousands of people, it is basic household bills council tax, rent, energy and water. We owe 19BILLION in arrears on…
DetailsThe number of people going financially insolvent across England and Wales jumped to a seven-year high in 2018, official figures show. Some 115,299 people went insolvent during 2018 marking the third year-on-year increase in a row and the highest annual total since 2011 when 119,943 cases were recorded. The figures, released by the Insolvency Service,…
DetailsExpress News Service CHANDIGARH: Underscoring the tight financial situation faced by the state, Chief Minister Capt Amarinder Singh on Wednesday sought from the 15th Finance Commission a Special Debt Relief Package along with a one-time package to enable payment of the entire debt of the distressed farmers of Punjab. At a meeting of the fifteenth…
DetailsWhile the number of insolvency cases are expected to pile up over the next few quarters, timely conclusion of cases within the law mandated 180-270 days can free up as much as Rs 67,000 crore to the system, says a report. Since the bankruptcy law came into being from May 2016, close to 3,000 companies…
DetailsKinney Recruiting LLC Description An Am law firm in the Midwest has an immediate need for an associate for its Business Restructuring and Bankruptcy practice group in Ohio. The winning candidate will have 2-5 years of bankruptcy practice experience and outstanding academic credentials. Judicial clerkship for a bankruptcy judge is a plus. Must be barred…
Details