Business owners in central west New South Wales say they are not sure whether they will recover millions of dollars owed by a mining company that has gone into receivership. The Mineral Hill mine, north of Condobolin in the Lachlan Shire, has been put into care and maintenance after the owner KBL Mining Limited…
Oct 14, 2016 7:01 AM [NEW YORK] Electronics maker HP Inc on Thursday said it expected to cut 3,000 to 4,000 jobs over the next three years as part of a restructuring plan adopted earlier this week. The plan should generate gross annual savings of US$200 to US$300 million beginning in 2020 but will also…
Many people who take out loans to pay off credit cards and other obligations wind up worse off, with more debt and more stress than before they applied. Some people, though, successfully use debt consolidation loans to turn a bad financial situation around. Emilie Burke of Raeford, North Carolina, is doing just that. Burke, a…
TOKYO, Oct 13, 2016 – (JCN Newswire) – Mitsubishi Corporation (MC) has reached an agreement with partners Mitsubishi Motors Corporation (MMC), Mitsubishi Fuso Truck & Bus Corporation (MFTBC), and Indonesia’s PT Krama Yudha (KY) regarding the restructuring of their automotive business in Indonesia. MMC and MFTBC products are currently manufactured and distributed in Indonesia…
The pensions lifeboat that was BHSs biggest creditor when it collapsed into administration is demanding the companys imminent liquidation in a bid to accelerate investigations into former directors. Sky News has learnt that the Pension Protection Fund (PPF), which has taken on responsibility for paying retirement benefits to thousands of former BHS employees, has told…
Anthony Hodges, a Basingstoke-based IT consultant, has been barred from acting as a company director for eight years due to mischief undertaken as his company went into liquidation. Investigating the demise of management consultancy Hodges & Coley, of which Hodges was the sole director, the Insolvency Service said it had discovered that he had failed…
October 13th, 2016 Holly Birkett Asia, Finance and Insurance, Offshore 0 comments Malaysian oil and gas company Perisai Petroleum Teknologi has declared itself insolvent and has been classified as a Practice Note 17 (PN17) company. On Tuesday, the company disclosed it is unable to pay the principal and interest of the S$125m ($91.9m) bond issued by its…
Comments (0) Lisa Thomas, insolvency practitioner at Neville & Co looks at the importance of adequate protection for customer’s deposits One of the first questions we are often asked by directors of a company in trouble is: “Will I get disqualified from being a director?” It is actually a rare occurrence to be banned as a…