Limited Stores is planning to file for bankruptcy within weeks and most likely liquidate its business, according to people with knowledge of the matter. The struggling retailer has retained Kirkland & Ellis as its legal adviser, said the people, who asked not to be named because the hire is private. Guggenheim Securities and RAS Management…
DetailsGoshen Holdings’ creditors might have to fork out more to receive and money owed. People owed money by a failed freight and logistics services company ordered to pay a former employee $20,000 won’t see a cent unless they bankroll further legal action. Palmerston North-based company Goshen Holdings folded in 2013 after it lost its only…
DetailsTen years from now the new gambling district in Japan, wherever it will end up being built, could be on the way to becoming the new Macau. As of last week, Japans parliament surprisingly legalized gambling in the island nation, despite the fact that opinion polls show that the Japanese public is against it. So…
DetailsPhoto Credit: Canadore College Swiss Space Systems has been declared bankrupt by a court in Switzerland, and thats bad news for Canadore College. The two had forged a partnership in 2014. Then MP Jay Aspin announced funding for a partnership between Canadore Aviation and Swiss Space Systems.…
DetailsWexford TD Mick Wallace, who was declared a bankrupt on Monday, has arrears totalling 235,571 on mortgages associated with three houses he owns, according to his statement of affairs. All three semi-detached properties are in negative equity and are secured against mortgages from AIB and also secured against loans from ACC. Mr Wallaces family home…
DetailsCape Town – The Western Province Rugby Union has been granted a final liquidation order of their commercial arm, the WP Rugby (Pty) Ltd, in the Western Cape High Court on Tuesday. The WP Rugby Union were handed a provisional liquidation order for the company on November 7, but the final liquidation was opposed by…
DetailsNashira Davids | 2016-12-20 14:49:24.0 Paul Zacks (Western Province Rugby Group CEO) and Mr Thelo Wakefield (President of the Western Province Rugby Football Union) during the WP Rugby press conference at DHL Newlands Stadium on November 07, 2016 in Cape Town, South Africa. Image by: Grant Pitcher/Gallo Images … Read the full article at: http://www.timeslive.co.za/sport/rugby/2016/12/20/Western-Province-Rugby-placed-under-liquidation1
DetailsMick Wallace TD declared bankrupt in High Court 20 December 2016 From the section Europe Image copyright Irish parliament Image caption The High Court also heard that Mr Wallace has total debts in excess of 30m euros The independent Irish TD (MP) Mick Wallace has been declared bankrupt at the High Court in Dublin. The…
DetailsSingapore-listed Cosco Corp (Singapore) looks set for a lengthy suspension from trading as it awaits the results of the restructuring of China Cosco Shippings shipyard business. Cosco Corp holds a 50% stake in Cosco Shipyard Group and halted its shares from trading on Monday morning following an announcement last Friday by China Cosco Shipping on…
DetailsThe Ghana Association of Restructuring and Insolvency Advisors (GARIA) would have to wait a little longer before its dream of getting a bill that would regulate its operations in the country would be laid before parliament. This is because the Corporate Insolvency Bill, which was due to be laid before Parliament early next year,…
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