The DNB headquarters in central Amsterdam Life insurance company Conservatrix has been declared bankrupt at the request of the Dutch central bank. Conservatrix did not have sufficient capital to meet its obligations and its 80,000 policyholders now face a rights downgrade, the Financieele Dagblad said on Wednesday. It is the first time since 1993 that…
Grocon boss Daniel Grollo has apologised to unsecured creditors for the companys deepening financial issues due to its long-standing legal battle involving the NSW government and James Packers Crown Resorts. At first meeting of creditors, the companys backers caught up in its $1 billion collapse heard they will likely get very little back if the…
The partial collapse of one of Australia’s most well-known construction companies has left a vast number of creditors in the dark about where they stand and whether they will retrieve any money owed to them. Key points: Some creditors do not believe anyone will be paid Not all of Grocon is being put into administration…
MILAN The Jeckerson brand, a trouser-maker known for its signature patched pants that reached the peak of its success in the early Aughts, was declared bankrupt by the court of Bologna, Italy, last month. But not all hope is lost: The brands manufacturing partner of 15 years, Perugia, Italy-based company C&S, said Monday it is…
THE LIQUIDATOR of a Rockhampton company has filed a $250,000 lawsuit against the Australian Tax Officer, claiming the tax office received payments during a period the company was insolvent. Digital Fox Pty Ltd, which has also operated at CQ Digital Solutions, had a business on Denison St in Rockhampton from 2016. The company went into…
Royston Drenthe has been declared bankrupt at the age of 33 after losing 3.2million. The former Real Madrid and Everton flop is currently playing for Dutch third tier club Kozakken Boys. Getty Images – Getty Drenthe failed to fulfil his potential on the pitch Dutch outlet AD report Drenthe was slapped with a bankruptcy order…
Former Real Madrid and Everton star Royston Drenthe has been declared bankrupt by a Dutch court on Tuesday. The Holland international is currently part of Kozak Boys in Dutch Division Two but has encountered a series of financial problems off the fieldover the years. Although the 33-year-old was not present at the hearing, the player…
A Guide to Personal Insolvency Arrangements (PIA) has been launched by the Irish Farmers Association (IFA) today (Friday, December 4). The guide was launched by IFA National Farm Business Committee chair Rose Mary McDonagh and Martin Stapleton, chairman of the IFA Debt Support Service. The IFA Debt Support Service was established following the last recession…
FROM rags to riches and back again – unfortunately, it’s an all too common trend in football. Here, SunSport takes a look back at the high-profile stars who blew their millions on booze, bets and.. football academies. Royston Drenthe has been declared bankrupt by a Dutch courtCredit: Getty – Contributor ROYSTON DRENTHE The former Everton…
The Reserve Bank of India announced measures to ease procedures for exporters at a time when exports are finding it difficult to recover. One of these measures is that banks will be able to regularise exports where the proceeds have been realised. Currently, banks do so in case of exports up to $1 million, above…