THE boss of a castle where Peter Andre tied the knot has been disqualified from running a business for nine years after leaving customers 90,000 in the lurch. Richard Fuller, 56, was slapped with the ban after continuing to accept payments for the Exeter wedding venue Mamhead House despite knowing the company was insolvent. Twitter…
DetailsBy Eliza Ronalds-Hannon and Lauren Coleman-Lochner Bloomberg News January 06, 2019 NEW YORK Sears Holdings Corp. is preparing a wind down after chairman Eddie Lamperts bid to buy several hundred stores out of bankruptcy fell short of bankers qualifications, people with knowledge of the matter said. Sears representatives summoned liquidation firms and other advisers to…
DetailsA FORMER All Blacks rugby star has been accused of tricking women out of thousands of pounds to fund a gambling addiction. Regan King, 38, is said to have pleaded with the two women for help with cash flow problems but failed to pay them back. Getty Images – Getty Regan King has been accused…
DetailsABOUT400 employees, including those in Dubbo, are facing an uncertain Christmas after the national freight company Redstar Transport Pty Ltdwas placed in liquidation. Redstar Transport has offices in Dubbo, Melbourne, Sydney, Brisbane, Adelaide and Perth. A callto the Redstar office in Dubbo for a comment wasntanswered, but it is believed that the Dubbo office employs…
DetailsCurrently, only financial creditors are part of the CoC that decides on a resolution plan and selects the winning bidder. Operational creditors (OCs), mostly MSMEs, may soon cease to get short shrift by the financial creditors, their mightier counterparts. The government is set to equip the OCs with more power under the Insolvency and Bankruptcy…
DetailsSears Holdings Corp. is preparing to potentially wind down the iconic retailer after Chairman Eddie Lamperts bid to buy several hundred stores out of bankruptcy fell short of bankers qualifications, people with knowledge of the matter said. The retailer started laying the groundwork for a liquidation after meetings Friday in which its advisers weighed the…
DetailsA critic of Royal Bank of Scotlands disgraced restructuring unit has spent 20,000 on a billboard berating the high street bank as part of efforts to reinstate an investigation into wrongdoing at the lender. Neil Mitchell, a Scottish businessman, has paid four months up front on a 5,000 a month billboard on the A23 in…
DetailsGovernment has been prejudiced in excess of $3,5 billion by company directors who shut-down their firms in order to avoid payment of taxes only to re-establish themselves under different trading names. This was revealed by Finance minister Mthuli Ncube in the National Assembly last month during the debate on the Finance Bill. Ncube is proposing…
DetailsAfter having its SSL and EVSSL certificates deemed untrustworthy by the most popular browsers, VASCO announced that DigiNotar, filed a voluntary bankruptcy petition and was declared bankrupt today. This is unsurprising, since a report issued by security audit firm Fox-IT, who has been hired to investigate the now notorious DigiNotar breach, revealed that things were…
Details“As liquidation will get only a meagre value, the creditors will be most affected and the workmen will be losing their livelihood,” the tribunal said in an order passed on January 1 on an RP proposal from the union submitted on Dec. 19, 2018. The bench cited a recent Supreme Court order in the Arcelor…
Details