KUALA LUMPUR (July 19): Nexgram Holdings Bhd has embarked upon an internal corporate restructuring (ICR) of its wholly-owned subsidiary Nexgram Land Sdn Bhd and its group of companies to enable a more efficient administration of the organisation. Nexgram said the restructuring involves segregating the business segments of the group into the respective subsidiaries carrying out…
We refer to the intimation made to the Stock Exchanges on 11th June, 2018 regarding commencement of Corporate Insolvency Resolution Process (CIRP) and appointment of Interim Resolution Professional (IRP) and would further like to inform you that the First meeting of the Committee of Creditors (CoC) was conducted on 6th July, 2018 to provide business…
More than a fifth of North firms have taken a financial hit after a customers firm collapsed, research has shown. New findings from insolvency and restructuring trade body R3 found that 23% of regional businesses have suffered a hit to their finances following the insolvency of a customer, supplier or debtor in the preceding six…
The rate of personal insolvencies in Lewes has increased by almost 40 per cent over the last two years, official data has revealed. In 2015, 13.5 adults per 10,000 were declared insolvent in Lewes, according to Insolvency Service figures. However by 2017 that figure had risen to 18.8, an increase of 39.8 per cent. Insolvency…
Hastings has one of the highest rates of personal insolvencies in England and Wales, official figures show. The Insolvency Service found that 34 per 10,000 adults in the local authority were declared insolvent in 2017. This is when someone cannot pay their debts, and has to arrange a plan with an official body to pay…
The rate of personal insolvencies in Chichester has significantly increased over the last two years, official data has revealed. In 2015, 16.9 adults per 10,000 were declared insolvent in Chichester, according to Insolvency Service figures. However by 2017 that figure had risen to 19.5, an increase of 15.3 per cent. Insolvency is when someone cannot…
The rate of personal insolvencies in Eastbourne has significantly increased over the last two years, official data has revealed. In 2015, 24.1 adults per 10,000 were declared insolvent in Eastbourne, according to Insolvency Service figures. However by 2017 that figure had risen to 27, an increase of 12 per cent. Insolvency is when someone cannot…
The rate of personal insolvency in Worthing has slightly increased over the last two years, figures show. Across England and Wales personal debt has ballooned since 2015. Low interest rates and the rise of payday lenders have aided this, with insolvency rates increasing in every region. However in Worthing it has only gone up slightly,…
Image courtesy of Doughnut Time Facebook Just four months after going into administration and liquidation, new owners have announced the revival of Doughnut Time under new owner Pete Andros, with the first stores to relaunch August 1. A post on the companys Facebook page earlier this week noted the brand was coming back and would be…
More News Student loan debt hits a record high at $1.5 trillion dollars this year and colleges across the nation are raising awareness to students. Universities like PSU require students to attend loan counseling sessions to remain aware of their debt. That helps them ultimately repay that money within a reasonable time period. Financial assistance…