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A trucking company that has been operating for 57 years across several states in Australia has become the latest to collapse. DJK Transport entered voluntary liquidation on Friday, after a restructuring practitioner was appointed in July. The company is registered in Austral, western Sydney, under the name of sole shareholder and director, David Kean. DJK…
Climate change is making Africa’s debt burden worse but new debt contracts could help The Independent Uganda Read the original article here
New Delhi: Apart from speeding up the disposal of distressed companies as going concerns, the proposed amendments to the Insolvency and Bankruptcy Code (IBC) tabled in Lok Sabha on Tuesday also makes it easier for splitting up such firms so that lenders could consider sale of individual assets when they are unable to find takers…
Digging out of debt: Consolidation services WAFB Read the original article here
A Christchurch courier company has buckled under financial pressure, owing creditors more than $1.2 million and leaving staff out of pocket. NJ & MS Holdings Ltd owes about $586,000 to Inland Revenue (IRD) and just over $632,000 to unsecured creditors, while staff claims are nearly $35,000. The company, trading as Point to Point, was placed…
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Judge Orders Liquidation of Infowars to Pay Sandy Hook Families The New York Times Read the original article here
Murray & Roberts has announced that, after over a century of operation, one of its creditors has instituted liquidation proceedings, marking the end of the road for the iconic South African construction company. Founded in 1902, Murray & Roberts is one of South Africa’s oldest companies and has played a pivotal role in building the…