Telman Ismailov, the founder of the now-liquidated Cherkizovsky market and the owner of AST Group, has been declared bankrupt, according to a document published on the courts website Monday. The bankruptcy petition was filed with the Moscow Region Arbitration Court by Ismailov’s creditor, Boris Zubkov, on Nov. 23, according to the courts records. Earlier…
Reddit Email Print Reprint LONDON ( The Deal) — European markets were mostly in recovery mode on Monday after Friday’s post U.S. interest rate funk but Spain bucked the trend. Investors were concerned the inconclusive result of the weekend’s general election there — with the conservative Parti Popular government of Mariano Rajoy losing its majority…
In the flurry of excitement over the innovation statement earlier this month, proposed changes to insolvency laws scored almost no attention. Yet they will dramatically change the landscape for both large and small companies in financial difficulty. By cherrypicking elements of Chapter 11 laws while avoiding hugely expensive bankruptcy court based resolutions, the Australian rules…
Former South African Airways board member Russell Loubser recently reflected on his decision to step away from the group in a hard hitting interview with Biznews.coms Alec Hogg. In the interview former JSE CEO Loubser said everything thats happened to the state-owned airline was entirely predictable, and in his view the chairperson and directors had…
Google Street View Roofer Robert J Thomas was declared bankrupt following a leaky homes dispute with Wellington City Council in relation to apartment blocks at 93A Kelburn Parade. Wellington City Council has forced a roofer into bankruptcy as the leaky building fiasco continues and it is chasing other tradies. On Tuesday, Robert J Thomas was…
Google Street View Roofer Robert J Thomas was declared bankrupt following a leaky homes dispute with Wellington City Council in relation to apartment blocks at 93A Kelburn Parade. Wellington City Council has forced a roofer into bankruptcy as the leaky building fiasco continues and it is chasing other tradies. On Tuesday, Robert J Thomas was…
The insolvency service has revealed that in excess of 200 people in the UK are being declared bankrupt each and every day as the recession continues to claim more victims. More and more people across the UK are finally come to terms with what is the most severe recession in recent times and although many…
As we have covered on a number of occasions of late there is serious concern that personal insolvency numbers, which could lead to bankruptcy or IVAs, could hit record highs in 2009. A number of the major UK accountancy firms have come forward over the last few days forecasting that record numbers of the UK…
CLOSED: The empty Aussie Detecting & Prospecting shop in Golden Square. Picture: NONI HYETT THE owners of a gold detecting shop in Golden Square that has closed down owing customers thousands of dollars have filed for bankruptcy, documents confirm. Brad and Stacey Wilson ran Aussie Detecting & Prospecting in High Street before closing their doors in October. They…
RIGA, Dec. 17 (Xinhua) — A lawsuit has been filed against Latvia’s KVV Liepajas Metalurgs steelmaker in which the plaintiff asks court to declare the company insolvent over an outstanding six-figure debt. Information on the website of the Latvian Insolvency Administration shows that the city court in the southwestern Latvian city of Liepaja is scheduled…