March 1, 2019 - Insolvency Guardian

Ex-PPB Advisory partner stripped of rego, barred for 8 years – AccountantsDaily

RestructuringBy Insolvency Guardian March 1, 2019

A disciplinary committee has cancelled David John Leighs registration as a liquidator following charges against him for allegedly misappropriating $800,000 from a liquidation bank account. The committee, consisting of an ASIC representative, an Australian Restructuring Insolvency and Turnaround Association(ARITA) representative, and an appointee of the Minister for Revenue and Financial Services, also decided that a…

Activision Blizzard Aware 800 Job Cuts Could Negatively Affect Business – IGN

RestructuringBy Insolvency Guardian March 1, 2019

Share. “Any of these consequences could negatively impact our business.” By Adam Bankhurst Activision Blizzard has, in an SEC filing, discussed some of the ramifications of its decision to cut 800 jobs and how it may negatively impact its business going forward. Via GamesIndustry.biz, PCGamesInsider.biz has d… Read the full article at: https://www.ign.com/articles/2019/03/01/activision-blizzard-aware-800-job-cuts-could-negatively-affect-business

Kidnapping Scam Fooled Family Into Paying Gambling Debts – VegasSlotsOnline

GamblingBy Insolvency Guardian March 1, 2019

30-second summary Singaporean property agent scammed money from his clients Escaped to Malaysia to gamble the stolen money Racked up further debt and forced to fake his own kidnapping Pleads to his family to pay the ransom Joe Tan Kia Hian has been jailed for crimes he committed to fund his gambling addiction, including faking…

Maxar to retain but restructure GEO satellite business – SpaceNews

RestructuringBy Insolvency Guardian March 1, 2019

WASHINGTON Maxar Technologies has decided not to sell or shut down its commercial geostationary orbit satellite business, but will restructure it with a greater emphasis on smaller satellites and government customers. In an interview with SpaceNews, Walter Scott, executive vice president and chief technology officer of Maxar, said that after months of analysis about the…

HOME Fundraising enters voluntary administration – UK Fundraising

LiquidationBy Insolvency Guardian March 1, 2019

HOME Fundraising has today (1 March) announced that it is entering into voluntary administration, after more than 16 years of delivering door-to-door fundraising services for charities across the UK. All 16 regional offices have suspended operations and HOMEs staff base of over 600 employees have today entered into a redundancy consultation. Administrators from H W…

Bankrupt Advisors Identified By CFP Board – Financial Advisor Magazine

BankruptcyBy Insolvency Guardian March 1, 2019

The Certified Financial Planner Board of Standards released the names of two CFP mark holders who have declared personal bankruptcy within the last five years. Diane D. Thornton of Houston declared bankruptcy in November 2015, and Frederick E. Powell of Phoenix declared bankruptcy in April 2016, the CFP Board said Thursday. The names…

Students resort to gambling to cover the cost of living – The Mancunion

GamblingBy Insolvency Guardian March 1, 2019

Written by octaviaspray on 28th February 2019. Posted in News Thousands of students are relying on gambling to support themselves through university and some have been left with debts as high as 5,000. Thats according to the National Union of Students which has claimed students are increasingly reliant on such activities due to the failures…

Ready for Restructuring – Legal Business Online

RestructuringBy Insolvency Guardian March 1, 2019

Ready for Restructuring | Asian Legal Business Ready for Restructuring After an economically uncertain and sluggish 2018, offshore law firms are anticipating a need for restructuring and insolvency services in the region, and bulking up their teams in that practice area. … Read the full article at: https://www.legalbusinessonline.com/features/ready-restructuring/77343

Romanian Postal Office requests insolvency of its own insurance broker – Business Review

BankruptcyBy Insolvency Guardian March 1, 2019

The Romanian Postal office has requested the insolvency of PRBA, the national postal operators insurance broker. The companys representatives made this decision as a result of analyzing the legal debt recovery options that PRBA had to register with the company. The broker has registered losses of RON 4 million in the last five years and…

Bulgaria deputy central bank governor for bank supervision to resign – The Sofia Globe

BankruptcyBy Insolvency Guardian March 1, 2019

Bulgarias central bank said on March 1 that Dimitar Kostov, deputy governor of the Bulgarian National Bank (BNB) in charge of bank supervision, plans to submit his resignation to the countrys Parliament. Kostov said that he had planned to resign in 2018 after intensive work in the past few years and carrying out the bulk…

Daily Archives: March 1, 2019