Category Archives: Bankruptcy

Drastic change in Rockhampton’s September quarter insolvency – Rockhampton Morning Bulletin

SMALL business traders in Rockhampton are faring well financially against their Central Queensland counterparts, while non-business related insolvency rates are on the rise. This is reflected in the Australian Financial Security Authority’s latest regional personal insolvency and business-related insolvency rates for the September quarter. Released yesterday, a snapshot of Central Queensland revealed Rockhampton experienced the…

Bankruptcy code aimed at creating fear in promoters’ minds: MS Sahoo – Livemint

Insolvency is not a bad word and is merely an outcome of business operations. In fact, it is the absence of such exit opportunities that lead to a drain of national resources. That was the message from M.S. Sahoo, chairman of the Insolvency and Bankruptcy Board of India (IBBI), at the Mint conference on Bankruptcy…

Education e-briefing: Government response to consultation on developing an insolvency regime for further education … – Eversheds Press Office (press release)

United Kingdom Education – Briefings 31-10-2016 Introduction In our briefing of 21 July 2016 we set out details of the Government consultation exercise on its proposals to introduce procedures for further education and sixth form colleges which become insolvent. The proposed regime would include a Special Administration Regime (SAR), aimed at protecting learners from disruption…

Former Cardiff City and Manchester United FC player Philip Mulryne ordained as deacon – WalesOnline

Former Cardiff City midfielder Philip Mulryne has been ordained as a deacon in the Catholic Church at a ceremony in Dublin. The 27-cap Northern Irish international played four times for the Bluebirds between 2005 and 2007 and played for Manchester United in 1998. Mulryne progressed through the youth teams with Man United, before heading off…

Company insolvency rates increase by 2.2% – Bridging & Commerical

There has been little increase in the number of company and personal insolvencies since the EU referendum vote in June, according to figures released by the Insolvency Service. It was found that an estimated 3,633 companies entered insolvency in Q3 2016, 2.2% higher than Q2 and 1.1% higher than the same period last year. The…

Company insolvency rates increase by 2.2% – Bridging & Commercial – Bridging & Commerical

There has been little increase in the number of company and personal insolvencies since the EU referendum vote in June, according to figures released by the Insolvency Service. It was found that an estimated 3,633 companies entered insolvency in Q3 2016, 2.2% higher than Q2 and 1.1% higher than the same period last year. The…

Business insolvencies on the rise, study finds – Invest in UK

Statistics released by the Insolvency Service for Q3 2016 show a 2.2 per cent rise in corporate insolvencies, following the drop in the previous quarter. This suggests that the financial ramifications of the Brexit vote are already beginning to hit home and businesses should prepare for the fact that there could be worse to come,…

Personal bankruptcy law ‘suicidal’ for UAE, warns banking chief – ArabianBusiness.com

Chinese State-Run Dry Bulk Company Succumbs to Bankruptcy – Ship & Bunker

Zosco has been declared bankrupt by Hangzhou Intermediate Peoples Court. Chinese dry bulk shipping company Zhejiang Ocean Shipping (Zosco) has been declared bankrupt by Hangzhou Intermediate People’s Court, Chinese media reports. The news comes after Zosco’s principal, Zhejiang Transportation Investment Group (Zhejiang Transportation), i… Read the full article at: http://shipandbunker.com/news/apac/257784-chinese-state-run-dry-bulk-company-succumbs-to-bankruptcy

Chinese State-Owned Shipping Company Declared Bankrupt – Caixin Media

(Beijing) A major Chinese state-owned container shipping company has been declared bankrupt after it struggled to repay debts of 8.45 billion yuan ($1.25 billion). The Hangzhou Intermediate People’s Court in Zhejiang province granted Zhejiang Ocean Shipping Co. Ltd.’s application to liquidate, according to a court document viewed by Caixin. Zhejiang Communications Investment Group Co. Ltd.,…