The assets of Latvias insolvent steel company KVV Liepajas Metalurgs will be sold off by auction, the companys insolvency administrator Guntars Koris has decided, reported LETA on January 15. The insolvency administrators spokesman Dzintars Hmielevskis told LETA that the decision has been taken because none of the companys potential investors had met the requirements set by…
The company has reportedly racked up debts of £71.5 million Claims that the star begged landlords to cut rents in aim to keep company afloat Plan backed by 95% of creditors will see 450 staff lose their jobs By Victoria Bell For Mailonline Published: 02:00 AEDT, 12 February 2018 | Updated: 05:43 AEDT, 12 February…
Scottish personal insolvency numbers rise by 2.1% 24 January 2018 Image copyright Getty Images The number of personal insolvencies rose in Scotland in the last quarter of 2017, according to official figures. Accountant in Bankruptcy (AiB) reported 2,691 bankruptcies and protected trust deeds (PTDs) between October and December – a year-on-year rise of 2.1%. The…
Gul-Nawaz Khan Akbar took ownership of gold via an ’employee benefit trust Prior to buying gold Mumtaz Food Industries Ltd owed £447,997 to six creditors Akbar banned from being company director for six years by Insolvency Service By Tariq Tahir For Mailonline Published: 02:55 AEDT, 11 February 2018 | Updated: 02:55 AEDT, 11 February 2018…
Five former directors of a food firm have been disqualified following the managing director’s purchase of gold bullion “for his sole benefit”. The family members were banned from being company directors for a total of 16 years after an Insolvency Service investigation into Bradford-based Greentabs Ltd, previously known as Mumtaz Food Industries. The Insolvency Service…
Five former directors of a food firm have been disqualified following the managing director’s purchase of gold bullion “for his sole benefit”. The family members were banned from being company directors for a total of 16 years after an Insolvency Service investigation into Bradford-based Greentabs Ltd, known as Mumtaz Food Industries. The Insolvency Service said…
GUWAHATI: The Opposition Congress in Assam has demanded a CBI probe into the alleged coal syndicate operating in the state, while calling for constitution of an all-party House committee to probe into allegations of syndicates raj in other items. Addressing a press conference here, Leader of Opposition in Assam legislative Assembly Debabrata Saikia said, There…
Twelve cash-strapped colleges received secret government bailouts totalling more than £11 million in December. It perhaps demonstrates a significant increase in the amount of money being dished out to struggling colleges and has prompted demands for greater transparency. The figures were published by the Department for Education as part of a scheduled release detailing monthly…
The co-founder of luxury bridal house Pallas has bought back the business out of administration, preserving most of its 30 jobs. Pallas creditors on Wednesday approved a deed of company arrangement floated by Joy Morris, the designer behind the business, saying it represented the best option for employees. Under the deal, Ms Morris will pay…
The US State Department has begun reviewing the application of controversial Bulgarian businessman Tsvetan Vassilev to be considered under the Global Magnitsky Human Rights Accountability Act, a law passed by US Congress that allows the government to impose sanctions in retaliation for human rights abuses and corruption, application under the Magnitsky act. Latest info from…