The trustees in bankruptcy of Eddy Groves plan to investigate $42 million in Australian and international property deals undertaken by the failed childcare entrepreneur in the past five years. Mr Groves, who founded childcare group ABC Learning, is also likely to face a grilling before a court about his affairs at an examination run by…
A Republican politician who opposed funding for Hurricane Harvey relief is now in charge of Congressional efforts to help Texas recover from the storm. Texas Representative Joe Barton voted against the $15.25bn federal relief package that Congress offered to help rebuild Texas after the hurricane hit. Mr Barton was one of only 90 Republicans, and four…
The public sector behemoth Steel Authority of India Ltd. is planning to commence work on the Tasra coking coal project with Lanco Infratech Ltd. against whom a corporate insolvency resolution process has been initiated. Work is scheduled to begin formally soon and a ceremonial unveiling is scheduled for September 17 the day of Vishwakarma Puja…
by STAFF The Harold Alfond Foundation and the Finance Authority of Maine today announced the first 20 awardees of the Alfond Leaders program, who collectively will receive up to $685,000 in student loan debt relief. The competitive program, which was launched in late February 2017, provides student loan repayment assistance to people who live and…
Sep 16, 2017 01:32 PM IST | Source: Moneycontrol.com Futuristic Offshore has informed that pursuant to the filing of Corporate Insolvency Resolution Process (CIRP) under Regulation 19 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons), Regulations, 2016, the application of the Company has been admitted by NCLT under Section…
The CEO of Queensland based distributor E3 Style Vanessa Garrard claims that her Company, has not been placed into liquidation, she claims that E3 Style, which is suffering from cash flow problems, was deliberately placed into voluntary administration. Garrard claims that the Company became the largest licensed electronics distributor in Australia and that her Company…
There has been a major battle for Germany’s second largest airline that could see it broken up as bidders stake their claims. A final decision on the airline’s future is expected on September 25. An airplane operated by German airline Air Berlin sits on the tarmac at the airport in Munich, southern Germany, on September…
Hyderabad: Insovlency and Bankruptcy Board of India (IBBI) will soon register 100 more insolvency professionals (IPs). It currently has 940 has IPs registered with it, said Navrang Saini, whole time member, IBBI. The process will be continuous. We carry out a due diligence of the applications that come to us. The applications come to us through…
The case, which will now be heard by the High Court, has implications for hundreds of others, with some observers warning the future of a key part of Ireland’s insolvency regime may hinge on the outcome. The Circuit Court ruled earlier this month that debtors’ personal insolvency practitioners (PIPs), and not debtors themselves, must seek…