NANNING — State-owned Guangxi Non-ferrous Metals Group Co in South China’s Guangxi Zhuang autonomous region has been declared bankrupt, despite a nine-month restructuring push. According to an announcement published by the intermediate people’s court of Nanning City on Sept 12, the company had neither submitted a restructuring plan within six months of the court’s initial…
Comments (1) Lisa Thomas, insolvency practitioner at Neville & Co explains how an Individual Voluntary Arrangement (IVA) can help in getting on top of personal debts. You will probably have seen the adverts on daytime television showing happy, relaxed looking people being given a fresh start by writing off their debts. It sounds too good to…
Allowing Clive Palmer to sue liquidators for not returning assets held by failed company Queensland Nickel would be a “startling affront to justice”, the Supreme Court has ruled. The former politician, through some of his other companies, had sought leave to proceed with a claim against the Townsville refinery’s collapsed manager for refusing to transfer…
Masters Home Improvement customers have been contacting stores in confusion this week after the online product portal of the closing hardware chain ceased operation. Shoppers took to Facebook and store customer service lines to ask why they could no longer see advertised sale products or search for items on the chains main Facebook page. Masters advised…
Wednesday, September 28, 2016 The industry occupies the first place in the top of economic sectors marked by the procedure of insolvency between January August 2016 they accumulating approximately 45% of the total of insolvencies recorded at national level, according to an analysis made by CITR. The society with a portfolio of over 850 procedures,…
A new survey says 56 per cent of Canadians are just $200 or less per month away from being unable to meet their debts, but about half seem unconcerned by the problem. The study by MNP Debt, part of the personal insolvency business of MNP LLP, surveyed 1,502 Canadians online between Sept. 6 and Sept.…
MNP Consumer Debt Sentiment Survey reveals Canadians’ feelings and fears about their debt: – Fifty-six per cent now say they are $200 or less per month away from not being able to meet all of their bills or debt obligations each month. – Fifty-two per cent say they are concerned about their current level of…
By Margaret Canning Published 28/09/2016 Share Six-year ban for boss after electrical firm V.H. McDevitt & Son closed owing £1.3m BelfastTelegraph.co.uk A Co Down man has been handed a six-year boardroom ban after his electrical firm went bust owing £1.3m. http://www.belfasttelegraph.co.uk/business/news/sixyear-ban-for-boss-after-electrical-firm-vh-mcdevitt-son-closed-owing-13m-35084324.html http://www.belfasttelegraph.co.uk/incoming/article35084778.ece/22335/AUTOCROP/h342/boardroom.jpg A Co Down man has been handed a six-year boardroom ban after his…
The Government has said it will publish a Bill on creating a judicial council, which would set standards for and examine allegations of misconduct against judges, before Christmas. The introduction of such a Bill has been on priority legislation lists, published by the current Government and the previous Fine Gael-Labour coalition, for more than four…
Within the first thirty minutes of the first Presidential debate, Republican nominee Donald Trump appeared to refer to the now-bankrupt solar company Solyndra, without naming the firm, as an example of the U.S. governments failed energy policies. Trump referred to a solar company that the U.S. had invested in and in true Trump-style called it…