Another UK road haulage and freight company has plunged into liquidation in another major blow for the sector. K2B Transportation Limited, a family-run business operating in the East Midlands, formally filed for liquidation earlier this month. According to the London Gazette, liquidators were appointed to the business on June 8, with a formal notice issued…
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In Habrok (Dalgaranga) Pty Ltd v Gascoyne Resources Ltd [2020] FCA 1395 (29 September 2020) the plaintiff, Habrok, sought orders under ss445D and 447A of the Corporations Act 2001 (Cth) (Act) terminating a deed of company arrangement (DOCA) executed by the first to seventh defendants (GCY Group) and the eighth defendant (administrators/FTI). Background After the…
A cruise holiday meant for Caribbean sunshine and onboard entertainment has ended with a four-year federal prison sentence for a passenger who turned the ship’s casino into the center of a $20,000 fraud scheme, used a fake identity to board, and then tried to abandon the voyage mid-cruise to avoid paying his debts. Get the…
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The Western Cape High Court has placed Polanocol (Pty) Ltd under final liquidation after finding the company had contravened the Share Block Control Act. About 380 investors, who collectively invested more than R17 million, face losing their investment. Ashraf Hendricks/GroundUp Be among those who shape the future with knowledge. Uncover exclusive stories that captivate your…
‘The worst bottle store in Christchurch’ criticised for making its own spirits to close The Press Read the original article here
Serious credit card delinquencies — balances 90 days or more past due — are the highest they’ve been in 15 years, according to recent data from the Federal Reserve Bank of New York. For certified credit counselors, who spend their days helping Americans dig themselves out of debt, this number isn’t a surprise. “Every time…