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Daily Archives: May 2, 2018

JumpClimb closure leaves unpaid Fringe World artists worried – OUTinPerth

LiquidationBy Insolvency GuardianMay 2, 2018

The Fringe World festival team have confirmed today that one of their largest affiliated events management companies may be preparing for voluntary administration. JumpClimb, an independent presenter of Fringe World events, were behind a number of venues and events at the 2018 festival including the ever-changing Noodle Palace venue. The company posted a message to…

Iconic guitar maker Gibson files for bankruptcy protection – ABC Online

LiquidationBy Insolvency GuardianMay 2, 2018

The maker of the Gibson guitar is filing for bankruptcy protection after wrestling for years with debt. The company, founded in 1894 and based in Nashville, Tennessee, has been esteemed by generations of guitar legends including Chuck Berry and BB King. After Chuck Berry died, his beloved cherry-red Gibson guitar was bolted to the…

Water Corporation financial assistance applications open – Esperance Express

Debt HelpBy Insolvency GuardianMay 2, 2018

Esperance residents struggling to pay their water bills and struggling with a specific medical condition will be able to apply for a range of programs announced on Wednesday, May 2 at the 2018 Council of Social Service Conference. Three new programs will be available to Water Corporation customers at the start of July. The programs are…

IBC: Why Resolution Plans Are Unsuited To An Auction According To India’s Insolvency Regulator IBBI’s Sahoo – BloombergQuint

LiquidationBy Insolvency GuardianMay 2, 2018

But MS Sahoo, the chairman of regulatory body, the Insolvency and Bankruptcy Board of India, doesnt quite agree. He made two distinctions. That these are not bids they are plans. And plans are not suited to an auction process. The resolution plan is expected to address the root cause of the failure of the firm,…

Addicts urge TDs to back laws targeted at gambling advertising – Independent.ie

GamblingBy Insolvency GuardianMay 2, 2018

All Ireland-winning Galway hurler Davy Glennon and Tony O’Reilly, a former postman who gambled 1.75m he stole from An Post, have rowed in behind a Fianna Fáil bill that would outlaw advertising aimed at glamorising gambling and oblige bookmakers to become more “socially responsible”. They met with TDs in Leinster House yesterday and told them…

Why IBC panel’s new recommendations may defeat the very purpose of the law – Economic Times

LiquidationBy Insolvency GuardianMay 2, 2018

Constituting a 14-member panel to suggest changes to a law little more than a year after its promulgation reflected the governments keenness to correct mistakes in the original legislation, while also shining the spotlight on an impatient New Delhi that seemed unwilling to give more time. Even as some of the recommendations rush through the…

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