Leading Edge Computers member store, Coffs Computing Services, has been placed in liquidation owing $1.2 million to creditors. The company was registered with the Australian Securities and Investments Commission (ASIC) in March 2001 as Webtrap Pty Limited. David Michael Morgan and Morgan James Chubb from Clout & Associates were appointed liquidators on 8 January 2018. …
DetailsProvides Interim Access Up to $725 million in Debtor-In-Possession Financing Stores Open and E-Commerce and Mobile Platforms are Operating in Normal Course to Continue to Provide Exceptional Shopping Experiences for Customers MILWAUKEE, Feb. 06, 2018 (GLOBE NEWSWIRE) — The Bon-Ton Stores, Inc. (OTCQX:BONT) (the Company), today announced that the U.S. Bankruptcy Court for the District…
DetailsIn a test case which impacts some 400 pending cases, the High Court has ruled that debtors have a right to directly engage in the review by the Court of a proposed Personal Insolvency Arrangement (PIA). Finding that the Personal Insolvency Acts 2012 to 2015 did not envisage that the Personal Insolvency Practitioner (PIP) was the sole voice to…
DetailsThe owner of embattled builder Cooper & Oxley has broken his silence, hitting back at claims subcontractors were mistreated and revealing the cause of the companys financial difficulties. Managing director George Hampel yesterday rejected claims the builder had used subcontractors as banks and owed them up to millions of dollars each. Cooper & Oxley is…
DetailsRoyal Bank of Scotland Unredacted FCA report allegedly states banks misconduct towards small firms was systemic RBS has said it would not prevent the release of the FCAs report into Global Restructuring Group. Photograph: Philip Toscano/PA Royal Bank of Scotland misled parliament over the extent of its mistreatment of struggling business customers, the shadow Treasury…
Details* ArcelorMittal to sell 29 pct stake to Uttam Galva founders * Stake sale at below market price, founding family member says * Deal seen driven by curb on associates of bank loan defaulters By Promit Mukherjee MUMBAI, Feb 6 (Reuters) – ArcelorMittal is set to sell its entire stake in Indias Uttam Galva Steels…
Detailspress trust of indiaNew Delhi, Feb 6: There is no plan to make Aadhaar mandatory for donors under the electoral bonds scheme, which is aimed at bringing transparency in funding of political parties, the government has informed the Lok Sabha. The government had notified the scheme on January 2. There is no proposal currently to…
DetailsLeading Edge Computers member store, Coffs Computing Services, has been placed in liquidation owing $1.2 million to creditors. The company was registered with the Australian Securities and Investments Commission (ASIC) in March 2001 as Webtrap Pty Limited. David Michael Morgan and Morgan James Chubb from Clout & Associates were appointed liquidators on 8 January 2018. …
DetailsLONDON, Feb 6 (Reuters) – Royal Bank of Scotland executives misled a parliamentary committee over the contents of a report into the banks treatment of small businesses, a lawmaker said in Britains parliament on Tuesday. The chief executive and the chairman of state-owned RBS offered misleading evidence about the extent to which the report accused…
Detailsby Rigzone Staff | Tuesday, February 06, 2018 International oilfield services company Expro revealed that it has successfully completed financial restructuring, which will provide the company with a stronger and more sustainable financial foundation to grow the business, according to an Expro statement. The Chapter 11 prepackaged plan of reorganization was completed in 50 days,…
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