Absolute Resource Management Limited was incorporated on 30 November 2007 and began trading in 2009 under the sole directorship of Carol Perry. The Bedford-based company provided IT consultancy services to businesses. By August 2016, however, Absolute Resource Management was unable to pay its debts and appointed a liquidator to commence voluntary liquidation proceedings. The liquidators…
If you have any experience with debt problems, it is likely you have seen the term IVA crop up. An IVA (individual voluntary arrangement) is a formal and legally binding agreement between you and your creditors to repay your debt over a period of time. Once an IVA is in place, it stops creditors who…
SUPPLIED Arrow International owners and directors Bob Foster and Ron Anderson attended a watershed creditors meeting. Arrow International was placed in liquidation by creditors after a resounding vote at a watershed meeting held by voluntary administrators at accounting firm BDO. DirectorsRon Anderson of Dunedin and Bob Foster from Christchurch attended one of the four simultaneous…
Bongard, a German family-owned producer of equipment for the cable industry, wants to buy the production lines of the Romanian power and fiber optic cable producer Romcab, which went into insolvency in 2017, Profit.ro reported. Bongard has submitted an offer for the assets. Romcab turned to the LXM investment fund to analyze the companys situation…
Forever 21 is exploring restructuring options to shore up its liquidity as the fast-fashion giant struggles with its business. The company is in talks with private equity firm Apollo Global Management about raising debtor-in-possession funds to provide financing should it file for bankruptcy. The talks come asthe apparel industry continues to struggle amid sweeping…
GOLD tycoon James Stunt was branded “appalling” by a judge as he was declared bankrupt despite promising to sell off some multimillion pound artworks. A court heard the 37-year-old playboy, who once bragged about having 200 luxury cars, was unable to pay off his massive debts totalling millions of pounds. 4 James Stunt has been…
So youve decided that consolidation is your best bet for getting a handle on your debt. Consolidating via a personal loan could mean youll pay off high-interest debts, simplify your payments and reduce your debt more quickly. Here are five steps for getting a personal loan for debt consolidation, from checking your credit to closing…
By Christine Lagarde As the G-20 finance ministers and central bank governors gather this week in Fukuoka, they can take inspiration from their host city. Known as Japans startup city, Fukuoka has flourished in recent decades by embracing trade, innovation, and openness. That spirit is needed more than ever to help reduce trade tensions and…
Sir Philip Greens Arcadia Group could take up to two weeks to win over landlords who spurned a planned rescue restructure and stave off the collapse of the business, which employs 18,000 people. The group, which agreed a week-long adjournment of a vote on its rescue plan on Wednesday, is allowed to delay for up…
Sub: Outcome of 13th CoC Meeting of M/s. Southern Online Bio Technologies Limited scheduled on 6th June, 2019. With reference to the subject cited above, I would like to inform you that the 13th CoC meeting got cancelled and will be scheduled again on 17th June, 2019 since the decision on approval of resolution plan…