Receivers have closed 11 of Pie Faces remaining company-owned stores after being appointed to one of the companys entities late last month, and the group could be facing a new owner in the near future with a number of parties expressing interest to receivers as part of a tender process for the business. It is…
In a test case, a Singapore court has declared a man a bankrupt based on the fact that he had been declared a bankrupt in Malaysia for owing the armed forces retirement fund RM58 million. PETALING JAYA: A Malaysian has been declared a bankrupt by a Singapore court on the basis that he was already…
Almost 40 prospective Canberra home owners, as well as an unknown number of sub-contractors, face an uncertain future following Today’s Homes and Lifestyle Pty Ltd’s decision to go into voluntary administration. The Fyshwick-based company, which was first registered in 1994 and trades as Today’s Homes, has placed itself in the hands of Deloitte Restructuring Services.…
ANNETTE TURNBULL-DEW/FAIRFAX NZ Paul Clifford Hibbs, pictured in 2001, is being investigated by the Serious Fraud Office. A company being investigated by the Serious Fraud Office as a possible ponzi scheme has been placed in liquidation. The order liquidating Hansa Ltd was made by High Court Associate Judge Rob Osborne in Christchurch on Thursday. The…
News has reached us that an old partner in the graphics card and electronics industry has filed for bankruptcy, yesterday Point of View was declared bankrupt in the Netherlands. A lot of people in Asia, EU and south America will be familiar with the Point of View branding under Point of View on-line. Back on…
A few weeks ago, the Student Loan Ranger outlined some recently published regulations that were created to address the spate of large institutions suddenly closing. The point of these new regulations was twofold: to ensure that defrauded borrowers can access relief and to create a kind of early warning system so that families and the…
A recovered gambling addict says 24-hour casinos in Winnipeg will mean trouble for problem gamblers. “When we go ahead and provide people who have out-of-control gambling issues an opportunity to gamble longer, it just means that their lives are going to be out of control,” said Chris Parlow, whose own life spiraled downwards shortly after Manitoba’s first year-round casino…
LONDON England The Global War Analysis think tank summarises the futility of trying to fight an ideology or belief system like ISIS with weapons and military force. The Sunni Muslims were the first, then came the Shiites who bastardised the Islamic religion to their own dastardly vision. ISIS is…
Wednesday, November 23, 2016 The European Commission is for the first time presenting a set of European rules on business insolvency this Tuesday. Well-functioning insolvency and restructuring systems are key to supporting economic growth and job creation. This initiative will increase the opportunities for companies in financial difficulties to restructure early on so as to…
By Reuters Published: 23:02 +11:00, 23 November 2016 | Updated: 23:02 +11:00, 23 November 2016 e-mail By Alasdair Pal and Himanshu Ojha CONSETT, England, Nov 23 (Reuters) – John Mawson and his wife Sandra live in a cramped one-storey home on a hill near Consett, an old steel town in the north east of England.…