Written by Kelly Gooch | February 06, 2017 | Print | Email The Advisory Board Company’s board is working with its management team and legal and financial advisors to explore, review and evaluate various potential strategic alternatives. Here are six things to know. 1. The potential strategic alternatives are focused on maximizing shareholder value, according to a news…
DetailsThe Insolvency and Bankruptcy Code in India is unable to realise its potential because its provisions are being notified in bits and pieces and not at one go, say professionals. By not notifying the sections that will make the part of the code on bankruptcies of individuals effective, the interests of the guarantors…
Detailsnews Regional personal insolvency statistics December quarter 2016. Australian Financial Security Au ONE-hundred-and-thirty-eight people in the Sunshine Coast and Noosa region have filed for bankruptcy or started personal insolvency activity in the December quarter of 2016. Of those 138, 66 filed for bankruptcy and 59 started a debt agreement and personal insolvency with debtors. A…
DetailsONE-hundred-and-thirty-eight people in the Sunshine Coast and Noosa region have filed for bankruptcy or started personal insolvency activity in the December quarter of 2016. Of those 138, 66 filed for bankruptcy and 59 started a debt agreement and personal insolvency with debtors. A further 13 in the Sunshine Coast hinterland were counted in the total…
DetailsCompany directors have exceedingly responsible jobs they are duty-bound to act in the best interests of the company and, if the company is listed on the stock exchange, are accountable to its shareholders. They routinely have to make difficult and important decisions that affect the profitability and growth of a business and ensure that…
DetailsA man who stole a family’s 700-year-old portraits after gambling away his life savings over Chinese New Year was caught with the one-of-a-kind paintings stashed away in his chicken coop. The man surnamed Huang of Taishan, South China’s Guangdong Province had swiped the paintings from an ancestral hall in his village estimated to be worth…
DetailsIarnród Éireann has warned that it remains “one misstep away from insolvency” – as management and unions meet at the Workplace Relations Commission for talks over the unions’ 21% pay claim. Unions say staff are due a pay rise, particularly after experiencing cost-reduction measures during the economic crisis. Arriving for the talks, Iarnród Éireann Director of Human…
DetailsSixty-nine employees have been made redundant after independent mobile phone retailer Allphones collapsed into voluntary administration on Monday. Phil Carter, Daniel Walley and Mark Robinson of PPB Advisory have been appointed as voluntary administrators of the nine entities that comprise the Allphones Group. The business has 84 stores and approximately 440 staff across Australia. Twenty-five…
DetailsAustralians are being warned to expect delays across Centrelink, Medicare and child support services for most of next week. The Department of Human Services confirmed some staff will be taking industrial action next Monday, Wednesday and Friday. General manager Hank Jongen said the strike – in response to the government’s controversial automated debt recovery scheme…
DetailsThe collapse of high profile fashion labels Marcs and David Lawrence can be used by brokers as a way to drive client interest in trade credit cover. The two brands, with debts close to $30 million, announced that they had moved into voluntary administration yesterday with 1,200 workers in Australia and New Zealand facing an…
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