Insolvency Service investigations into Basic Prime Limited discovered concerns that the company was involved in fraud The company, which claimed to be based in Croydon, had no genuine business presence, contact details not in operation, and a director who failed to provide information and documents that were requested Basic Prime Limited has been wound up…
Millions of UK consumers could save an average of £1,257 each year by consolidating unoptimised debt, according to new Experian research. As the UK braces for the Autumn Budget this week and with Christmas spending adding seasonal pressure to household budgets, new research reveals that wider adoption of debt consolidation technology could unlock £15.1 billion…
Managing too many EMIs? Here’s how debt consolidation schemes can simplify your repayment Moneycontrol Read the original article here
Fidelity Japan Trust shareholders approve liquidation plan By Investing.com Investing.com India Read the original article here
Value City Furniture will close its 9110 W. Broad St. store in Tuckernuck Plaza, western Henrico, in early January as part of American Signature’s Chapter 11 bankruptcy restructuring. The closure leaves the retailer with only one regional location at 1250 Huguenot Road…
A furniture retailer in Lustenau, Vorarlberg, has declared bankruptcy, leaving creditors with a payout of just 0.9 percent on nearly €1.9 million in recognised claims. The company, employing around ten staff, counted approximately 50 creditors, including the Austrian tax office and Health…
König + Neurath AG, a century-old German office furniture manufacturer based in Karben, Hesse, has filed for self-administration insolvency at Frankfurt/Main District Court, affecting its 830 employees. The company will continue operations under trustees, aiming to restructure © König + Neurath AG…
The law must clearly lay out the priority of distributions in bankruptcy to all stakeholders. The priority must be designed so as to incentivise all stakeholders to participate in the cycle of building enterprises with confidence.1 Introduction In light of recent judicial decisions, namely, State Tax Officer v. Rainbow Papers Ltd.2 (Rainbow Papers case) and…
The National Company Law Tribunal (NCLT), Mumbai Bench, has approved a resolution plan for Sterling Healthcare Limited, sanctioning a total payout of over Rs. 12.80 crore to its creditors. The plan, submitted by Mrs. Kanak S. Kewalramani, was approved by 100% of the voting share of the Committeeof Creditors (CoC) following a competitive Swiss Challenge…
Fidelity Japan Trust shareholders approve liquidation plan By Investing.com Investing.com South Africa Read the original article here