By Leonard Masauli Health services at Embangweni Mission Hospital under CCAP Synod of Livingstonia have come to a halt as the management is struggling to clear out MK32million debt it owes different medical suppliers. On Saturday, the mission hospital organized prayer and fasting session at Kalungulu Mountain in the area to cry unto the Lord…
DetailsMAARTEN HOLL/FAIRFAX NZ Shaan Stevens was sentenced to home detention in 2011. The charges were not related to Sir Ngatata Love’s case, in which he appeared as a witness. A bid to liquidate a company tied to Sir Ngatata Love’s fraud conviction has been postponed because Inland Revenue (IRD) cannot locate its director. In late…
DetailsPerth home builder Builton Group was trading while insolvent for several months last year before administrators were called in, but was given a clean bill of health by WA’s Building Commission. The commission audited Builton in November and the company went into administration in January, stopping work on more than 100 building sites around Perth,…
DetailsHARVARD, Ill., April 4, 2017 /PRNewswire/ — Harvard Illinois Bancorp, Inc. (the “Company”) announced today its audited statement of net assets in liquidation, as of December 31, 2016, and its change in basis of accounting, effective as of November 3, 2016. The change in basis of accounting requires the Company to record certain estimated costs which…
DetailsUPDATE, 7.55PM: RABBIT Hole, Dirty Martinis and Movidas have all been closed until further notice. “The Rabbit Hole is closed until further notice,” their Facebook page read at 7pm. “Dirty Martinis is closed until further notice,” Dirty Martini’s page had announced an hour earlier. “Movidas is closed until further notice,” that page read at 7.30pm.…
DetailsIt’s incredibly cliched, I know, but in Australia right now, it’s true: the rich are getting richer, and the poor well, you know the rest. We’re talking credit card debt, and mortgage repayments. But those bills are becoming harder and harder to meet as the price of gas and electricity rises, and wages continue…
DetailsAudited Statements of Net Assets in Liquidation and Changes in Net Assets in Liquidation. At December 31, 2016, the Company reported audited total assets in liquidation, total liabilities in liquidation, and net assets in liquidation of $14.6 million, $3.1 million and $11.5 million, respectively. Assets in liquidation at December 31, 2016 included the $8.1 million…
DetailsRebecca McDonald / 05 April 2017 A creditors meeting is expected to finally decide the fate of failed builder Watersun Homes, after hundreds of home builders were told they would have to find someone else to complete their works. Hundreds of home construction projects, including a number in Torquay, Clifton Springs and Werribee, ground to…
DetailsMadhusudan Sahoo is the chairman of the Insolvency and Bankruptcy Board of India (IBBI) which will facilitate faster resolution of stressed assets in the country through the implementation of the Insolvency and Bankruptcy Code. He has worn regulators hat at the Competition Commission of India (CCI) and the Securities and Exchange Board of India (Sebi).…
DetailsThere is no guarantee that indebted Croatian food group Agrokor can be saved, the restructuring expert appointed to rescue the business said on Tuesday, describing the challenge as one of the toughest in his career. “Time is of the essence. The situation is pretty acute,” Antonio Alvarez III told a news conference to unveil his…
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