Businessman Kevin McConnon, joint owner with his wife, Yvonne, of McConnon Meats Ltd, was yesterday granted a 40-day extension to a High Court order protecting him from any action by creditors pending negotiation of a personal insolvency arrangement. Barrister Keith Farry, counsel for Mr McConnon told Mr Justice Robert Eagar that a 70-day protective certificate…
Details©iStock Thousands of entrepreneurs are expected to liquidate their companies over the next three months amid fears that an imminent tightening of the tax rules will more than triple their bills. Advisers said many small company owners were drawing up plans to lock in tax rates as low as 10 per cent when they extract…
DetailsBorrowers who took out loans from payday lender Cash Genie have been urged to come forward to claim compensation after the firm went into liquidation. The company, which offered short-term loans at an annual interest rate of 2,986%, was hit with a £20m compensation bill in July 2015 after it admitted to the financial regulator…
DetailsJan 6 Macintosh Retail Group NV : * Hoogenbosch Retail Group BV and subsidiaries declared bankrupt by the court in Limburg * Suspension of payment for Scapino has been granted Source text for Eikon: Further company coverage: (Gdynia Newsroom) Read the full article at: http://www.reuters.com/article/idUSFWN14P04520160106
DetailsMore than 100,000 businesses in the UK were owed money from insolvent companies and individuals in 2015 Approximately 6% of all UK businesses, or 113,000 in total, were creditors in an insolvency procedure in last year, according to research by insolvency trade body R3. Phillip Sykes, R3 president Growing businesses encounter two classic problems:…
DetailsBy Jon Chesto Globe Staff January 05, 2016 The tumultuous times continued for the staff at Boston magazine Tuesday as they watched three colleagues lose their jobs amid a corporate restructuring led by owner Metro Corp. The job cuts, leaving the magazine with a staff of 52, follow the surprise departure of editor…
DetailsVideo will begin in 5 seconds. More video Recommended Replay video Dick Smith can survive, says founder Entrepreneur Dick Smith explains why he doesn’t own shares in the company that bears his name. PT1M11S 620 349 Australia’s oldest electronics retailer Dick Smith has conceded its desperate pre-Christmas sale has failed to save it from the clutches of nervous…
DetailsV.Ö. Travel, the tour operator launched two years ago by veteran Turkey tourism entrepreneur Vural Öger, has declared insolvency and stopped trading. The loss-making company remained behind its targets this year and bookings for 2016 have also started badly, owner Vural Öger told fvw. In addition, Öger was impacted by 16 million worth of debts…
Details06 January 2016 Lara Bullock View Comments Adelaide-based commercial law firm Cowell Clarke has announced internal promotions of three lawyers, effective 1 January 2016. Jonathon McRostie (pictured) has been promoted to senior associate. Mr McRostie has been with Cowell Clarke for almost seven years and has practised across a range of areas including commercial…
DetailsRIGA, Jan. 5 (Xinhua) — A court in the southwestern Latvian city of Liepaja on Tuesday threw out a request to declare KVV Liepajas Metalurgs steelmaker insolvent over an outstanding six-figure debt. The insolvency lawsuit had been filed by Elme Messer Metalurgs, an Estonian-owned producer of industrial gases which has been supplying oxygen to KVV…
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