Self-styled wealth and property guru Dominique Grubisa has received another ban on managing companies for her involvement in two firms that traded while insolvent and went bust owing creditors more than $300,000. The corporate regulator’s new ban, first flagged by The Australian Financial Review nearly two years ago, disqualifies Ms Grubisa from managing companies for…
NEW DELHI: Punjab & Sind Bank, the lead lender of Supertech Township Projects, has rejected the settlement proposal and NCLAT will now take a final decision on the insolvency of the debt-ridden realty firm. Counsel representing Ram Kishore Arora, the suspended director of the realty firm informed NCLAT on Thursday about the rejection of the…
It’s a sweaty Brisbane Monday and Please Don’t Go by KC and the Sunshine Band is playing in the largely empty gaming floor of the Queen’s Wharf Casino. The sappy muzak chorus — “I’m begging you to stay” — is ironically symbolic of the problems befalling the casino’s manager, The Star Entertainment Group. Not enough…
Star Entertainment’s lenders warn the Sydney and Gold Coast casino owner could be in voluntary administration within months and its hotels carved up and sold to the highest bidders, as a lifeline deal to preserve its future as a listed company fails to materialise. Two sources close to Star’s secured debt providers, speaking on the…
JSW Energy has been declared a successful applicant and received a letter of intent (LoI) from the Resolution Professional for its resolution plan submitted for KSK Mahanadi Power Company Ltd (KMPCL) under the corporate insolvency resolution process of the Insolvency and Bankruptcy Code, 2016, it added. KMPCL owns a 3,600 MW thermal power plant located…
BBB: Beware of debt relief and credit repair scams Yahoo! Voices Read the original article here
(Reuters) – China Evergrande said on Monday that a court in Hong Kong had ordered one of its key offshore units to be wound up, the latest in a slew of legal victories for the embattled developer’s liquidators. The liquidators had filed a winding-up petition against company subsidiary CEG Holdings BVI in September, in a…
China Evergrande said on Monday that a court in Hong Kong had ordered one of its key offshore units to be wound up, the latest in a slew of legal victories for the embattled developer’s liquidators. The liquidators had filed a winding-up petition against company subsidiary CEG Holdings BVI in September, in a bid to…
Canadians’ personal debt rating hit a record low this quarter, dropping 12 points. Two in five worried someone in their household could lose their job, an all-time high (41%, +9pts). Despite interest rate cuts, half of Canadians remain concerned about their ability to repay debts (50%, +2pts), while two-thirds (65%, +2pts) say they urgently need…
People worried about energy debt this winter urged to contact charity for help Daily Record Read the original article here