Optus will make 440 employees redundant as the telecommunications company restructures the business to focus on “digitisation and automation”. Employees were informed of the redundancies this morning, two week after Optus announced a 2018 quarterly profit of $154 million. An Optus spokesperson said the telco was committed to “becoming a world-class, mobile-led, digital service provider”.…
The personal insolvency rate in Wales across 2017 was higher than the previous year, and higher than Englands rate, says insolvency trade body R3. In all, 23 people per 10,000 adults became insolvent in Wales in 2017, compared with 21.5 the previous year, according to the Insolvency Services figures. Waless 2017 rate of personal insolvency…
Preliminary investigations by the administrators of dessert king Adriano Zumbos cafes have suggested one of the entities in administration could have been trading while insolvent since mid-2017. Three of Zumbos businesses, 611 Pty Ltd, Mel611 Pty Ltd and Im So Fancy Pty Ltd, entered voluntary administration at the start of the month, though they continue to…
The director of a hair transplant company that treated famous customers has gone bust after being confronted with a number of complaints. Simon Lindsay has declared himself bankrupt with debts of almost £300,000 following the collapse of his company KSL Hair in Glasgow. The business performed transplants for the Celtic footballers Leigh Griffiths and Anthony…
Mike VanErdewyk founded ReliaMax in 2006. On June 27, 2018, a judge approve a state plan to liquidate the company.(Photo: Submitted) A Yankton-based bank is demanding that ReliaMax Holding Co. turn over office furniture and other equipment that was collateral in exchange for millions of dollars in loans. First Dakota National Bank could be out…
New Delhi, Aug 21 () The National Company Law Appellate Tribunal (NCLAT) has stayed the liquidation of debt-ridden real estate firm Jyoti Structures and barred any sale of its assets till further orders. The appellate tribunal has directed the Mumbai bench of the National Company Law Tribunal (NCLT) and the resolution professional of the company…
Ryan Thomas inside the Celebrity Big Brother house during series 22 [Channel 5] Former Coronation Street star Ryan Thomas entered Celebrity Big Brothers Eye of the Storm series alongside the likes of Dan Osb… Read the full article at: https://www.ok.co.uk/celebrity-feature/1447658/ryan-thomas-bankrupt-celebrity-big-brother-bankruptcy-how-why-money
We are hereby enclosed list of Creditors updated as on 11th August 2018 of Gemini Communication Limited as requiredto be displayed under Regulation 13(2)(c) of IBBI (Insolvency Resolution Process for Corporate Persons) Regulations, 2016.The said list of creditors so being conveyed to you has been prepared basis the claims received by the undersigned.This intimation is…
HOUSEHOLDS have fallen behind on essential bills such as council tax and utilities by an estimated £18.9 billion, according to Citizens Advice. The charity made the calculation as it said it received a cry for help with bailiff issues once every three minutes last year typically. It is calling for stronger regulation of bailiffs and…
A rise in high-profile banking frauds led to the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018. The ordinance, effective from 6 June, presses for greater transparency in the corporate insolvency resolution process (CIRP), to prevent unscrupulous persons from misusing or vitiating the provisions of the Insolvency and Bankruptcy Code, 2016 (IBC). Deepak SabharwalManaging partnerDeepak Sabharwal…