THE company behind a trio of failed Perth restaurants is being pursued for more than $300,000 by a landlord and suppliers. Five summons have been issued against Element WA, which ran The Trustee, Beaufort Local and Enriques School for to Bullfighting. They include a summons for $221,322.07 issued by Benjamin and Co which owns the…
DetailsThe New Delhi bench of the National Company Law Tribunal has started corporate insolvency resolution proceedings (CIRP) against Applied Electro Magnetic for not paying salary to an employee for a long time, the Times of India reported. This is possibly the first ever instance of NCLT giving such a ruling under the Insolvency and Bankruptcy Code…
DetailsWashington: In the early hours of May 27, two of professional gambling’s big names sat down for a private, high-stakes poker match. The setting was the Ivey Room, a posh enclave in the Aria Resort & Casino in Las Vegas. Leon Tsoukernik, a Czech entrepreneur and casino mogul, was facing off against Matthew Kirk, an…
DetailsCalifornians have a serious problem with debt- Freedom Debt Relief has found that, according to data from the Bureau of Labor Statistics and the Bureau of Economic Analysis, residents of California have about 2.35 times more debt than they do income. The average per-resident debt of a California resident is about $65,740, and the average…
DetailsAsked by her husband to sign some documents that would mortgage their detached house in Katong in order to secure a loan for his business, some seven years ago, a 49-year-old housewife agreed. But the company defaulted on the loan, and the bank started bankruptcy proceedings against Madam Lim Lee Lee over an outstanding $16.2…
DetailsRedx Pharmas transition from administration back to trading on AIM is an unprecedented move for a UK company. The UK-based drug R&D company was declared insolvent in May after missing a repayment deadline for a £2 million ($2.62 million) secured loan from Liverpool City Council dating from 2012. It was…
DetailsAsked by her husband to sign some documents that would mortgage their detached house in Katong in order to secure a loan for his business, some seven years ago, a 49-year-old housewife agreed. But the firm defaulted on the loan, and the bank started bankruptcy proceedings against Madam Lim Lee Lee over an outstanding $16.2…
DetailsFreedom Debt Relief, the nations largest debt settlement services provider, built its business on lying to its customers about the companys ability to negotiate debt settlements, the Consumer Financial Protection Bureau claims. The CFPB announced Wednesday that it is suing Freedom Debt Relief and its co-CEO, Andrew Housser, for violating the Dodd-Frank Wall Street Reform…
DetailsSINGAPORE – Asked by her husband to sign some documents that would mortgage their detached house in Katong in order to secure a loan for his business, some seven years ago, a 49-year-old housewife agreed . But the company defaulted on the loan, and the bank started bankruptcy proceedings against Madam Lim Lee Lee over…
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