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Daily Archives: December 22, 2015

Toshiba to book record loss, cut 5 percent of workforce this year – Reuters

RestructuringBy Insolvency GuardianDecember 22, 2015

Toshiba Corp said on Monday it would book a record net loss this year and cut around 5 percent of its workforce as the sprawling conglomerate, reeling from a $1.3 billion accounting scandal, focuses on chips and nuclear energy. But analysts question whether streamlining can return the 140-year-old Japanese bulwark to dominance considering falling profit…

Millstein & Co. Expands Corporate Restructuring Business – PR Newswire (press release)

RestructuringBy Insolvency GuardianDecember 22, 2015

… Read the full article at: http://www.prnewswire.com/news-releases/millstein–co-expands-corporate-restructuring-business-300196302.html

New service set up to help homeowners struggling with mortgage debt – Irish Examiner

Debt HelpBy Insolvency GuardianDecember 22, 2015

The states Money Advice and Budgeting Service (MABS) has rolled out a new service to help homeowners struggling with mortgage debt. The new dedicated mortgage arrears service will include the provision of court mentors at repossession sittings right across the country. Operated by MABS, it will include a helpline operating 9am to 8pm from Monday…

Winter Wonderland closes as company goes into liquidation – Gazette

LiquidationBy Insolvency GuardianDecember 22, 2015

COLCHESTER’S Winter Wonderland has shut for good after the organisers were forced to go into liquidation. The attraction in Castle Park has become the victim of the unseasonably warm weather, forcing it to close the numerous times since it opened 25 days ago. More than £50,000 has been refunded to ticket holders who have been…

Winter Wonderland closes as company goes into liquidation – Maldon and Burnham Standard

LiquidationBy Insolvency GuardianDecember 22, 2015

COLCHESTER’S Winter Wonderland has shut for good after the organisers were forced to go into liquidation. The attraction in Castle Park has become the victim of the unseasonably warm weather, forcing it to close the numerous times since it opened 25 days ago. More than £50,000 has been refunded to ticket holders who have been…

Millstein & Co. Expands Corporate Restructuring Business – PR Newswire (press release)

RestructuringBy Insolvency GuardianDecember 22, 2015

… Read the full article at: http://www.prnewswire.com/news-releases/363240901.html

Darren Jackson: former Hibs, Celtic star declared bankrupt – Scotsman

BankruptcyBy Insolvency GuardianDecember 22, 2015

FORMER Hibernian star Darren Jackson has been made bankrupt with debts of £270,000. The former striker, who also played for Celtic and Dundee United, was declared insolvent after failing to settle large bills. The majority of the cash is owed to the taxman and relates…

Darren Jackson: former Hibs, Celtic star declared bankrupt – Edinburgh Evening News

BankruptcyBy Insolvency GuardianDecember 22, 2015

FORMER Hibernian star Darren Jackson has been made bankrupt with debts of £270,000. The former striker, who also played for Celtic and Dundee United, was declared insolvent after failing to settle large bills. The majority of the cash is owed to the taxman and relates…

James Packer’s Crown group is a classic privatisation play – Sydney Morning Herald

GamblingBy Insolvency GuardianDecember 22, 2015

James Packer has stepped down as a director of Crown Resorts. However, he is still Crown’s controlling shareholder and the architect of the group’s ambitious expansion strategy. It’s not clear whether James Packer will pull together a privatisation offer for his 53 per cent-owned Casino group, Crown Resorts, but it is easy to work out why…

Darren Jackson: former Celtic star declared bankrupt – Edinburgh Evening News

BankruptcyBy Insolvency GuardianDecember 22, 2015

FORMER Hibernian star Darren Jackson has been made bankrupt with debts of £270,000. The former striker, who also played for Celtic and Dundee United, was declared insolvent after failing to settle large bills. The majority of the cash is owed to the taxman and relates…

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