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Category Archives: Bankruptcy

Companies abusing insolvency pre-packs, independent panel says – Financial Times

BankruptcyBy Insolvency GuardianNovember 25, 2018

Businesses are sidestepping tax bills amounting to tens of millions of pounds using an insolvency procedure that the government is considering banning. That is the conclusion of an independent panel set up by the government to monitor the use of insolvency arrangements known as pre-packs. The Pre Pack Pool says some businesses have used the…

Austrian company behind Louvre Abu Dhabi dome is insolvent after non-payment – Art Newspaper

BankruptcyBy Insolvency GuardianNovember 23, 2018

Waagner-Biros perforated dome is the size of five football fields and can create the effect of a starry sky Philip Lange/Shutterstock Waagner-Biro, the Austrian steel engineering company that built the dome of the Louvre museum in Abu Dhabi, has announced its insolvency and is fighting to save parts of its business by selling off subsidiaries.…

Austrian company behind Louvre Abu Dhabi dome is insolvent after non-payment – Art Newspaper

BankruptcyBy Insolvency GuardianNovember 23, 2018

Waagner-Biros perforated dome is the size of five football fields and can create the effect of a starry sky Philip Lange/Shutterstock Waagner-Biro, the Austrian steel engineering company that built the dome of the Louvre museum in Abu Dhabi, has announced its insolvency and is fighting to save parts of its business by selling off subsidiaries.…

Ghana Finance – Banking bust – The Africa Report

BankruptcyBy Insolvency GuardianNovember 22, 2018

Despite the trauma and job losses caused by the failure of several small Ghanaian banks, the sector now looks stronger with credit growth likely to accelerate Ghana is slowly emerging from its worst banking crisis ever. Several times this year depositors massed in the branches of insolvent banks wanting to take their cash, despite assurances…

How Ukrainian Professional Bank was looted – 112 International (blog)

BankruptcyBy Insolvency GuardianNovember 22, 2018

Open source A few weeks ago, the investigation officially filed charges against Oleksiy Kargapolov, former deputy chairman of the board of the Ukrainian Professional Bank (UPB), who was heading it at the time of the introduction of the provisional administration in May 2015. The banker is accused of more than 220 million USD fraud. Thus,…

Letters to the editor – Port Lincoln Times

BankruptcyBy Insolvency GuardianNovember 22, 2018

City needs its cinema I was completely shocked to hear that our wonderful cinema Youthoria would be closing the doors on December 31. This cinema is such a marvelous facility in our beautiful town. The building itself is 92 years old and has such presence and history and ambiance. It offers joy to young and…

Letters to the editor – Port Lincoln Times

BankruptcyBy Insolvency GuardianNovember 21, 2018

City needs its cinema I was completely shocked to hear that our wonderful cinema Youthoria would be closing the doors on December 31. This cinema is such a marvelous facility in our beautiful town. The building itself is 92 years old and has such presence and history and ambiance. It offers joy to young and…

Garage bosses allowed disqualified director to run company – GOV.UK

BankruptcyBy Insolvency GuardianNovember 21, 2018

Janice Rogers (61) and Elizabeth Dagg (70), both from Northumberland, were directors of Auto Testing Limited (ATL). Incorporated in February 2007, ATL operated as a car mechanics, fuel station and convenience store. There was also a third boss, Stewart Rogers. But the 72-year-old from Northumberland had been previously disqualified for five years in January 2011…

Bitcoin Mining Firm Giga Watt Declares Bankruptcy Owing Millions – CoinDesk

BankruptcyBy Insolvency GuardianNovember 21, 2018

U.S.-based bitcoin mining firm Giga Watt has declared bankruptcy with millions still owed to creditors. The firm filed forChapter 11 bankruptcy at a court in theEastern District of Washington on Monday, revealing that it still owes its biggest 20 unsecured creditors nearly $7 million in court documents seen by CoinDesk. Creditors include the utilities provider…

Garage bosses allowed disqualified director to run company – Mirage News

BankruptcyBy Insolvency GuardianNovember 21, 2018

Two garage bosses banned after they allowed a disqualified director, who happened to be their husband and ex-husband respectively, to run their company. Janice Rogers (61) and Elizabeth Dagg (70), both from Northumberland, were directors of Auto Testing Limited (ATL). Incorporated in February 2007, ATL operated as a car mechanics, fuel station and convenience store.…

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