Business closures surge by 55pc on liquidations, bankruptcy

At least 40 Kenyan companies sought voluntary liquidation or bankruptcy protection in the nine months to March, up from 24 a year earlier, exposing mounting financial distress despite improving economic indicators and lower borrowing costs. Business Registration Service (BRS) data shows companies entering voluntary liquidation rose by 55.6 per cent to 14 during the period,…

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Deadline for filing forms relating to personal guarantors to insolvent firms extended up to Sept 30

The bankruptcy regulator on Thursday extended the timeline for insolvency professionals by three months through September 30 to file forms electronically for the monitoring of resolution processes involving guarantors who have offered personal surety for corporate debtors. The Insolvency and Bankruptcy Board of India (IBBI) had mandated the filing on its platform between March 31…

Deadline for filing forms relating to personal guarantors to insolvent firms extended up to Sept 30

The bankruptcy regulator on Thursday extended the timeline for insolvency professionals by three months through September 30 to file forms electronically for the monitoring of resolution processes involving guarantors who have offered personal surety for corporate debtors. The Insolvency and Bankruptcy Board of India (IBBI) had mandated the filing on its platform between March 31…

DMPL cites PHL business, debt restructuring efforts to support continued operations

DELMONTEPACIFIC.COM DEL MONTE PACIFIC LTD. (DMPL) said management’s assessment that the group can continue operating is supported by the performance of its Philippine business, continued access to revolving credit facilities, and ongoing debt restructuring efforts. The company made the statement in a disclosure posted on the Philippine Stock Exchange (PSE) on Thursday in response to…

Tickets.ie liquidation row: “I went to DEAG offices in Berlin,” Barry O’Neill of the Rory Gallagher Festival tells Hot Press

Irish festivals, and events organisers may be owed over €1million as the German company behind tickets.ie carries on regardless. Hot Press has spoken exclusively to Barry O’Neill, the director of the Rory Gallagher Festival – the international music event held annually in the town of Ballyshannon, Co. Donegal, in tribute to the revered Irish rock…