Creditors in western Nunavut who are still smarting over money owed to them by two bankrupt companies, Kitnuna Projects and Kitnuna Petroleum, could not learn much from a recent Kitikmeot Corp. update on the bankruptcies. The two companies, which declared bankruptcy last November, together owed more than $10 million to a long list of creditors,…
Its ships were crisscrossing the icy and remote waters of the Soviet North, bringing goods and manpower to bases and meteorological stations across a vast and desolate area. The Murmansk seaport was bustling with its ships and sailors and the downtown office building was a powerhouse in regional economy. It is all part of a…
Murmansk Shipping Company has been officially declared bankrupt by a local arbitration court in Russia this week, bringing to a close an 81-year chapter in Arctic maritime history. Bankruptcy proceedings will be carried out through to the end of March led by a court-appointed manager. Splash has reported on the decline of the line a…
Citizen TV owner SK Macharia is fighting a rearguard action against being declared bankrupt. The State Law Office published his bankruptcy notice in the Kenya Gazette on October 2. In the 1980s managing director of Oceanfreight Transport Livingstone Waithaka paid him Sh500,000 for a plot of land which was never transferred to him. He went…
Chartered Accountant and Personal Insolvency Practitioner Shelagh Marshall of Firm Advice has been presented with a Services Recognition Award 2020 by the Midwest Business Network. The award was created to recognise the services by an individual member to the Midwest Business Network, that were selfless and without expectation of compensation or payment. From the beginning…
Its ships were crisscrossing the icy and remote waters of the Soviet North, bringing goods and manpower to bases and meteorological stations across a vast and desolate area. The Murmansk seaport was bustling with its ships and sailors and the downtown office building was a powerhouse in regional economy. It is all part of a…
08.10.2020 10:46 The Money Advice and Budgeting Service and the Citizens Information Board have welcomed announcement by Minister Helen McEntee on Debt Relief Notices. Picture: Posed SOCIAL BOOKMARKS MABS/CIB welcomes announcement by Minister for Justice and Equality that will make Debt Relief Notices accessible to more people. The Personal Insolvency (Amendment) (No.1) Bill 2020 announced…
Ruby Tuesdays decline was several years in the making, becoming even more rapid during the pandemic and prompting speculations from industry insiders about the growing likelihood of a bankruptcy. Back in April, it was reported that the company had closed about 30% of its 470 locations permanently. Closures continued into the summer, some taking place…
A JURY today found veteran Rockhampton solicitor Douglas John Winning guilty of official corruption. The 67-year-old was subsequently sentenced in Rockhampton District Court to nine months’ jail, wholly suspended for 18 months. Mr Winning had pleaded not guilty to the charge which stemmed from allegations he tried to bribe two police officers after he was…
Ruby Tuesday’s decline was several years in the making, becoming even more rapid during the pandemic and prompting speculations from industry insiders about the growing likelihood of a bankruptcy. Back in April, it was reported that the company had closed about 30% of its 470 locations permanently. Closures continued into the summer, some taking place…