Galway Bay Fm newsroom Six Galway-based hospitality businesses have been declared insolvent in the past three months. New figures from VisionNet show that in total, 14 companies across Galway were made insolvent in the third quarter of this year. The latest figures show despite a jump of 75% in insolvencies compared to the same period…
Family First senator Bob Day has launched a last-ditch bid to keep his NSW building company afloat, denying certainty to dozens of desperate families as his national empire continues to crumbles. Fairfax Media can reveal that Senator Day’s Huxley Homes has applied to have its licence renewed – even though the company last week ceased…
Family First senator Bob Day has launched a last-ditch bid to keep his NSW building company afloat, denying certainty to dozens of desperate families as his national empire continues to crumbles. Fairfax Media can reveal that Senator Day’s Huxley Homes has applied to have its licence renewed – even though the company last week ceased…
LONDON: Atta-ul-Haq, founder of Pakistan Achievement Awards and director of UK-Pakistan Chamber of Commerce & Industries (UKPCCI), has been declared bankrupt by a court after failing to pay loan to respected British Pakistani businessman Raja Adil. The County Court in central London confirmed that Atta Ul Haq stands officially bankrupt following his non-appearance at the…
Germany’s troubled Deutsche Bank is imposing a hiring freeze across all global operations as it “braces” itself for a huge penalty from the US Department of Justice, says The Times. The lender has stopped recruitment in every department except compliance. It has already agreed 1,000 additional job cuts in its home market, on top of…
Kimberley Kitching is smart, charming and engaging. She has been a Melbourne councillor, a lawyer, a political adviser and a senior union manager. Kitching ticks many Labor boxes. But Bill Shorten made a terrible call backing her to replace Stephen Conroy in the Senate, a plum role once held by Labor giants John Button and Gareth Evans.…
Dodgy private colleges will be banned from receiving taxpayer money and student loans capped under a sweeping redesign of the scandal-plagued vocational loans scheme by the Turnbull government. The overhaul, to be announced by Education Minister Simon Birmingham on Wednesday after being approved by cabinet on Tuesday, will wipe an estimated $25 billion from federal…
Anthony Hodges, a Basingstoke-based IT consultant, has been barred from acting as a company director for eight years due to mischief undertaken as his company went into liquidation. Investigating the demise of management consultancy Hodges & Coley, of which Hodges was the sole director, the Insolvency Service said it had discovered that he had failed…
October 13th, 2016 Holly Birkett Asia, Finance and Insurance, Offshore 0 comments Malaysian oil and gas company Perisai Petroleum Teknologi has declared itself insolvent and has been classified as a Practice Note 17 (PN17) company. On Tuesday, the company disclosed it is unable to pay the principal and interest of the S$125m ($91.9m) bond issued by its…
Comments (0) Lisa Thomas, insolvency practitioner at Neville & Co looks at the importance of adequate protection for customer’s deposits One of the first questions we are often asked by directors of a company in trouble is: “Will I get disqualified from being a director?” It is actually a rare occurrence to be banned as a…