China’s massive power sector is coming under increasing pressure to make progress under State-owned enterprise reform, in a bid to turn around the loss-making industry, analysts said. There are currently 12 central SOEs in the energy sector, making up more than 10 percent of the country’s total number of 102 SOEs. Analysts say it has…
Darryl Downey An events promoter has avoided the threat of being jailed over a 250,000 debt to comedian Mario Rosenstock after being declared bankrupt. Dublin District Court heard that concert and events promoter Darryl Downey owed the money to Blue Elf Inc Ltd, a company owned by mimic Rosenstock. However, he was unable to keep…
Image copyright Getty Images Several million people – up to 10% of the population – are reluctant to admit that they are having debt problems, according to the Money Advice Service. As a result it is calling on friends and family members to do more to spot the tell-tale signs of money issues. These include…
No laughing matter The debt related to a number of live shows going back to 2012 AN events promoter has avoided the threat of prison over a 250,000 debt owed to comedian Mario Rosenstock after being declared bankrupt. Dublin District Court heard that concert and events promoter Darryl Downey owed the money to Blue Elf…
According to statistics from the Australian Financial Security Authority, the number of debtors who entered a personal insolvency in the ACT rose 26.9% in the March quarter (compared to the December quarter 2016). The main contributor to the increase was Belconnen, with the biggest rise in new debtors, followed closely by Gungahlin. The number of…
In the past year, more than 120,000 Canadians were declared insolvent. You know the one thing they didnt have to give up? The creditors may have been breathing down their throats, looking to get their hands on any assets, but they wouldnt have been able to penetrate the legislative vault their Registered Retirement Savings Plan…
By: ENS Economic Bureau | Mumbai | Published:June 21, 2017 2:10 am Among other companies which are facing bankruptcy action, Bhushan Steel rose by 8.91 per cent and Amtek Auto by 9.17 per cent. (File Photo) With banks planning to take up debt-laden Monnet Ispat & Energy for corporate insolvency resolution process (CIRP) under the…
Ndakaziva Majaka 20 June 2017 8:00PM 0 comments HARARE – Kwekwe-based gold mine, Gainwell Investments (Gainwell), has lapsed into liquidation due to worsening economic conditions in the country. The miners liquidator, Modern Mutumwa, told the businessdaily that the company which began operations in 2012 had been pushed out of business by…
Channel Ten has been forced to go into voluntary administration after its billionaire shareholders told it on the weekend they would no longer guarantee a key loan. The TV broadcaster has appointed KordaMentha as voluntary administrators of the company and its subsidiaries, it announced in a statement to the ASX on Wednesday morning. Network Ten is looking at refinancing options.…
According to sources, Sebi is planning to reduce the timeline for completion of takeover from six months to 30 days for acquirers in case of insolvency proceedings. Price discovery and disclosure-related rules in such takeovers are also expected to be relaxed. Sources said the regulator is considering doing away with the price…