Pensions Advisory Service boss stands down after bankruptcy By Adam Parsons BBC Newsnight 4 November 2016 From the section Business Image copyright Pensions Advisory Service The chair of the Pensions Advisory Service has stood down from his position after being declared bankrupt. BBC Newsnight has learnt that Museji Takolia will have to leave the post…
DetailsA Baltimore architecture firm has purchased the assets of Design Development Group, which declared bankruptcy this summer. BCT Architects paid $300,000 for nearly all DDG’s assets, including equipment, intellectual property, customer lists and work in progress, according to a filing in the bankruptcy case. BCT has also hired about 28 of DDG’s former employees, covering…
DetailsYour job affects more than just what you do all day and how big your paycheck is. It can also influence your ability to repay your student debt. Thats because borrowers in certain careers are especially good candidates for student loan refinancing. Refinancing student debt allows qualified borrowers to get lower rates and has grown in…
DetailsSince pitching Kratos (NASDAQ:KTOS) equity as a short last year that made close to 50% at one point, the stock has largely recovered despite deteriorating financial performance. As a reminder, Kratos is a specialized security technology business providing products, solutions and services for domestic and international customers, with a focus on the US Government. We…
DetailsArrium’s creditors have waved through a plan to sell the troubled company’s steel and mining assets after its administrators signed a $1.6 billion deal to sell the Moly-Cop grinding media business. Moly-Cop – the world’s largest supplier of grinding media used in mining and construction – will be acquired by US private equity firm American…
Details06:00 04 November 2016 Duncan Brodie Frank Brumby, eastern region chairman of R3. Archant A growing number of unregulated and unlicensed advisers are targeting financially-distressed businesses, the regional regional brand on insolvency trade body R3 has warned. … Read the full article at: http://www.ipswichstar.co.uk/news/r3_eastern_warns_hard_pressed_firms_to_avoid_unregulated_and_unlicensed_advisers_1_4762041
DetailsThe two men found guilty of Australia’s biggest art fraud case involving fake Brett Whiteley paintings which sold for for $3.6 million have been jailed, but a Supreme Court judge granted the pair a stay on their sentences after admitting he was troubled by a jury’s verdict. Justice Michael Croucher on Friday said there was a…
DetailsRelated Story: Arrium shareholders fight against company’s sale The administrators of Arrium, Korda Mentha, say there are less than five possible bidders for the steelmaker and iron ore miner. Korda Mentha said a handful of local and overseas firms have been shortlisted to buy Arrium with the sale hoped to be…
DetailsMore than 150 unsecured creditors of former senator Bob Day’s failed building company in South Australia will not be paid the money they are owed . These 157 unsecured creditors are owed a total of $4.9 million by Homestead Homes and include tradesmen and subcontractors as well as customers who have paid deposits to build…
DetailsKevin Schembri Orland Friday, 4 November 2016, 07:37 Last update: about 19 minutes ago Vitals Global Healthcare Director Ram Tumuluri has told The Malta Independent: I have never had a company that went bankrupt. Recently reports in the media said that a company previously run by…
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