SME owner opens up after personal training business enters liquidation: For the first time ever I raised the white … – SmartCompany.com.au

Bankruptcy

A small business owner has opened up about the difficulties of managing cashflow in a growing business, after his personal training company Rapid Personal Training entered liquidation yesterday. Insolvency firm Hogan and Sprowles has been appointed to manage the liquidation of Rapid PT, which employs three full-time staff and 17 contractors, and has seven locations spread across Sydney and…

Insolvency legislation should treat businesses as a social asset, says EESC – EU News

Bankruptcy

On 30 March 2017, the European Economic and Social Committee (EESC) adopted an opinion on the European Commission’s proposed directive on business insolvency, which is intended to harmonise preventive restructuring procedures across Europe. While fully supporting the Commission’s shift from liquidation to early restructuring in dealing with business insolvency, the EESC proposes a set of…

Two subsidiaries of Pacific Andes request to be declared bankrupt – FIS

Bankruptcy

Pacific Andes intends to continue its restructuring process. Two subsidiaries of Pacific Andes request to be declared bankrupt HONG KONG Wednesday, March 29, 2017, 02:50 (GMT + 9) As part of its restructuring process, Pacific Andes International Holdings (PAIH) announced that two indirect subsidiaries, Golden Target Pacific Limited and Nouvelle Foods International Limited, have filed…

Parliament passes Bankruptcy (Amendment) Bill 2016 – Malaysiakini (subscription)

Bankruptcy

The Bankruptcy (Amendment) Bill 2016, which among others, protects social guarantors from being declared bankrupt, was passed by Parliament today. Minister in the Prime Minister’s Department Azalina Othman Said described the bill as a reform to provide for a fairer system for social guarantors. “This is because when we look at the definition of social guarantors,…