Corporate insolvency in Scotland fell seven per cent last year though there was an 18 per cent rise in personal insolvencies, official figures show. The latest fourth quarter figures from the Accountant in Bankruptcy (AiB), covering the fourth quarter to the end of March, show 840 Scottish registered companies went bust in the year, down…
DetailsIn an effort to continue the expansion of their ever-growing service portfolio, Unified Communications dynamo, Elitetele.com recently purchased Comms Supply, their 13th business purchase since 2008. Comms Supply, a Norwich-based business communications service provider, has been brought out of liquidation thanks to the new deal from Elitetele.com, with all employees now joining the purchasing company.…
DetailsTransline, the temporary employment agency that became embroiled in the Sports Direct scandal, has submitted court documents preparing the company for insolvency. The Guardian understands that the business has filed a notice of intention of appointing administrators at a court in Leeds, and has sounded out the accountancy firm Deloitte as a potential administrator. The…
DetailsThe former parliamentarian was placed on the wanted list for fraud amounting to more than 2 billion rubles ($35m). The Sovetsky District Court in Volgograd ruled on in absentia arrest of the former State Duma deputy from the party Spravedlivaya Rossiya Oleg Mikheev. Earlier, the ex-parliamentarian was placed on the federal wanted list for…
DetailsPresident Trump campaigned on a promise to help the forgotten men and women of America, the millions of Americans who have lost good jobs, have seen their wages stagnate, and who are drowning in debt. His proposals for tax reform and tax cuts, infrastructure investments, and regulatory relief will help restore economic growth in the…
DetailsGreeces next dollop of bailout money is caught in an international dispute with no clear resolution. The heavily indebted Mediterranean nation needs the next installment of about 7 billion euros ($7.6 billion) to repay lenders in a few months, but some euro-area governments, notably Germany, refuse to supply more money until the International Monetary Fund comes on…
DetailsA Perth-founded online flower seller facing hundreds of thousands of dollars in payment claims from florists across Australia and overseas has been put into administration. The Hegarty familys Ready Flowers business has over the past decade also been a subject of customer claims of late deliveries or poor-quality products. Ready Flowers takes orders online and…
DetailsAlitalia will start insolvency proceedings after workers rejected its latest rescue plan, making it impossible for the loss-making Italian airline to secure funds to keep its aircraft in the air. Workers on Monday rejected a plan to cut jobs and salaries, betting the government will be asked to call in an administrator to draft an…
DetailsBy Renee Maltezou and Lefteris Papadimas | ATHENS ATHENS Greece’s prime minister held out for a commitment from lenders to debt relief on Tuesday, and said he was confident new talks in Athens over a long-stalled bailout review would reach a deal by a May 22 target. Talks over reforms in the energy and labor…
DetailsThe former trustees of Kids Company have said that they would vigorously defend any attempt to disqualify them from acting as company directors in the future, following media reports that the Insolvency Service was considering action. Yesterday Sky News said it had learned that lawyers for the governments Insolvency Service had written to former trustees,…
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