South Australian construction and engineering company York Civil has entered voluntary administration, but the state’s transport minister says work on two major infrastructure projects will go ahead. The company, which employs about 400 people nationally, is involved in the $800 million Torrens to Torrens Road upgrade and the delay-plagued North Terrace tram extension. It was…
BRITISH model and businesswoman Katie Price will appear at the bankruptcy court this week as she faces total financial collapse. The reality star, once worth $AU75 million, is scheduled to arrive at the Rolls Building in London, part of the High Court, for a hearing that could see her formally declared insolvent, The Sun reports.…
GARDENA, Calif., Aug. 6, 2018 /PRNewswire/ — National Stores, Inc. (“National Stores” or the “Company”) announced today that it has initiated a court-supervised restructuring with the support of its lenders and suppliers integral to the business. The Company filed voluntary petitions for Chapter 11 relief in the United States Bankruptcy Court for the District of Delaware…
Share to facebook Share to twitter Share to linkedin A general view of atmosphere during Shutterfly x Baby2Baby Backpack Drive on August 1, 2018 in New York City. (Photo by Kevin Mazur/Getty Images for Shutterfly) Keeping in mind the growth delivered in the last quarter, the market expects Shutterfly (NASDAQ:SFLY) to report a solid financial…
Debt capital funding is set to arrive in Australia for startup companies that cannot presently gain the advantages seen in flourishing development spaces such as Silicon Valley. The debt venture capital (VC) scene in the US is particularly healthy, and funding access from companies such as Silicon Valley Bank and Hercules Capital have allowed many…
The Insolvency Service is to start interviewing former directors of the collapsed government contractor Carillion as it steps up an investigation into one of the biggest corporate failures in recent British history. Nearly seven months after Carillion entered liquidation, the government agency said it had finished transferring 278 contracts to new suppliers as part of…
President Donald Trump tweeted Sunday morning that his tariffs are “working big time” and made a bizarre claim that the money raised from these new import taxes will go a long way to helping pay down America’s large debt. (Short answer: That’s not what will happen). Trump portrays the tariffs as a tax on foreigners,…
North East England has retained its unwanted place at the top of the national table for personal insolvency for the tenth successive year. According to the latest annual figures from the Insolvency Service, there were 27.2 individual insolvencies per 10,000 people in the region in 2017, which are comprised of bankruptcies, Debt Relief Orders (DROs)…
Moneycontrol News The Corporate Affairs Ministry is planning to set up eight special courts under the National Company Law Tribunal (NCLT) to deal with insolvency cases, according to a report by Business Standard. “These courts will be set up in Mumbai, Delhi, Chennai, Kolkata, and Hyderabad,” a senior ministry official was quoted as saying. Three courts will be…
GARDENA, Calif., Aug. 6, 2018 /PRNewswire/ — National Stores, Inc. (“National Stores” or the “Company”) announced today that it has initiated a court-supervised restructuring with the support of its lenders and suppliers integral to the business. The Company filed voluntary petitions for Chapter 11 relief in the United States Bankruptcy Court for the District of Delaware…