REVEALED: How many Fraser Coast businesses now bankrupt – Fraser Coast Chronicle

TWELVE Fraser Coast businesses have declared bankruptcy in the last financial quarter. Four of the businesses were from Hervey Bay and eight were from Maryborough. The figures released by the Australian Financial Security Authority revealed how many new incidences of financial problems occurred in Gladstone between April 2017 and June 2017. In Hervey Bay 18…

Lenders review insolvency process against 12 firms sent to National Company Law Tribunal – Financial Express

Sources said it was attended by State Bank of India (SBI) and Punjab National Bank (PNB), among others. (Image: Reuters) A group of top lenders on Monday met officials from the Indian Banks Association (IBA) to review the progress of insolvency proceedings against 12 companies sent to the National Company Law Tribunal (NCLT). Sources said…

Newcastle leads the pack in personal insolvencies – Illawarra Mercury

NEWCASTLE has the highest rate of personal insolvency in regional NSW according to figures released by the Australian Financial Security Authority. Across the Hunter there were 215 cases of personal insolvency in the June quarter of 2017, with Newcastles 43 debtors the largest in the state outside of Sydney. Across Australia there were 7,729 debtors who entered a…

Coastal town’s including Great Yarmouth and Ipswich dominate personal bankruptcy list – Ipswich Star

PUBLISHED: 17:08 07 August 2017 | UPDATED: 17:08 07 August 2017 Seaside towns like Great Yarmouth have been found to have a higher than average rate of personal insolvency. Picture: James Bass Archant Norfolk © 2014 Coastal towns have dominated a list of the top areas for personal bankru… Read the full article at: http://www.ipswichstar.co.uk/news/coastal-town-s-including-great-yarmouth-and-ipswich-dominate-personal-bankruptcy-list-1-5139213

Paravion closes Turkey portal Bavul.com, files for insolvency – Business Review

Paravion, Romanias biggest online tourism portal, has filed for insolvency and will close bavul.com, the Turkish-based portal it purchased in 2014. The company will implement a restructuring plan starting August 8. In the past year, Paravions Turkish portal, bavul.com, which represents one third of the business, recorded losses, due to the political instability and security…

Tatfondbank embezzler tries to siphon off multimillion assets abroad and go bankrupt – https://en.crimerussia.com/

The Deposit Insurance Agency of Russia has filed a lawsuit with the Arbitration Court of Tatarstan to declare Robert Musin, former Chairman of the Board of Tatfondbank detained for swindling on an especially large scale, bankrupt. The plaintiff requires to recognize the banker insolvent because the total sum of financial claims filed against him some…