Leading Edge Computers member store, Coffs Computing Services, has been placed in liquidation owing $1.2 million to creditors. The company was registered with the Australian Securities and Investments Commission (ASIC) in March 2001 as Webtrap Pty Limited. David Michael Morgan and Morgan James Chubb from Clout & Associates were appointed liquidators on 8 January 2018. …
LONDON, Feb 6 (Reuters) – Royal Bank of Scotland executives misled a parliamentary committee over the contents of a report into the banks treatment of small businesses, a lawmaker said in Britains parliament on Tuesday. The chief executive and the chairman of state-owned RBS offered misleading evidence about the extent to which the report accused…
by Rigzone Staff | Tuesday, February 06, 2018 International oilfield services company Expro revealed that it has successfully completed financial restructuring, which will provide the company with a stronger and more sustainable financial foundation to grow the business, according to an Expro statement. The Chapter 11 prepackaged plan of reorganization was completed in 50 days,…
Student Loan Repayment Benefit Now Available to U.S. Employees SAN MATEO, Calif., Feb. 06, 2018 (GLOBE NEWSWIRE) — Coupa Software (NASDAQ:COUP), a leader in business spend management (BSM), announced today the rollout of its student loan repayment assistance program, a new employee benefit to help workers pay off their burdensome student loans…
In a test case which impacts some 400 pending cases, the High Court has ruled that debtors have a right to directly engage in the review by the Court of a proposed Personal Insolvency Arrangement (PIA). Finding that the Personal Insolvency Acts 2012 to 2015 did not envisage that the Personal Insolvency Practitioner (PIP) was the sole voice to…
NEW DELHI: As many as 40 corporate insolvency resolutions, under the Insolvency and Bankruptcy Code, have been completed, Union Minister P P Chaudhary said today. The Code, which provides for market–determined and time– bound resolution process, is being implemented by the Insolvency and Bankruptcy Board of India (IBBI). “By December 2017, 40 transactions of corporate…
The developer of Perth’s 500 Hay Street hotel, cinema and office project has signalled its disappointment with struggling builder Cooper & Oxley’s decision to suspend works at the Subiaco site. Workers at the Subiaco Hay Street site confronted security guards on Tuesday in an effort to retrieve a large toolbox, 9 News Perth reported. Play Video…
Indianapolis Power & Light Co. is cutting 100 jobs in Indiana and getting a new president and CEO under a corporate restructuring by parent AES Corp. The utility announced the moves Monday evening as part of a global strategic transformation. Under the restructuring, Craig Jackson will assume the role of president and CEO of both…
Sales NQR store will close. SALES NQR store is set to close this Sunday, after the company was placed into voluntary administration. Staff were told last Tuesday of the closure, giving them less than two weeks to find alternative work. NQR entered administration on January 24, and appointed Bruno Secatore and Luke Targett from corporate and personal insolvency…
Debt consolidation is gaining more attention as Australian households face mounting debts. As the country’s household debt-to-income ratio hit almost 200% and total household debt reached a record $2.4trn this year, simplifying repayments and taking control of one’s debt are becoming important topic areas to discuss with clients. While the idea of combining clients debts…