Embattled Danish flat-pack furniture maker Tvilum has been rescued. A three-way investor consortium, led by Viking Trading, the parent company of Tvilum rival of Steens plus members of the founding Kristiansen family and Tvilums new CEO, Torben Porscholdt have signed a deal which saves some 500 of the (mostly factory-based) 600 jobs at Tvilum,…
Riga Vidzeme District Court on Wednesday decided to release former insolvency administrator Maris Spruds on bail of 500,000 euros giving him a month to secure the bail. Meanwhile he remains in custody. Commenting on the sum of the bail, Spruds said after the court sitting that he has to try to find it. Spruds lawyer Janis Rozenbergs…
It looks like the Coast is a hotspot for people going bankrupt. The Australian Financial Security Authority‘s latest personal insolvency stats are out, and 80 people reporting it in the Wyong region the December, the second highest number of any region statewide. While the Gosford region came next with 74, putting it third. The only spot…
More than half of companys 19,500 workers still in limbo as suppliers count cost of its failure Carillions liquidation is causing problems for former employees and along its supply chain Photograph: Yui Mok/PA A month after the government contractor Carillion folded, the effects of its failure are still filtering through. The latest cost of the…
SIXTY residents and business across the Mackay region went bankrupt between September and December 2017. The Australian Financial Security Authority (AFSA) yesterday released quarterly regional personal insolvency statistics and analysis for Queensland regions in the December quarter 2017. The data revealed 53 Mackay residents declared non-business related insolvencies down from 60 in the September quarter.…
In 2017, the number of Romanian companies with a major impact on the economy went into insolvency decreased by around 7 percent from the previous year. However, the value of privately owned major impact companies that were in insolvency was EUR 1.22 billion at the end of 2017, a 15 percent increase compared to the…
A NEW support service for vulnerable young people in West Oxfordshire is now under way with hopes it will grow in size as time goes on. Witney-based social enterprise Synolos has launched its new initiative for children in the district in an effort to pick up the pieces left by youth charity Base 33, which…
SIXTY residents and business across the Mackay region went bankrupt between September and December 2017. The Australian Financial Security Authority (AFSA) yesterday released quarterly regional personal insolvency statistics and analysis for Queensland regions in the December quarter 2017. The data revealed 53 Mackay residents declared non-business related insolvencies down from 60 in the September quarter.…
TWO Sunshine Coast areas have experienced significant spikes in business bankruptcies, with one recording a 266 per cent increase. Maroochy and Sunshine Coast Hinterland businesses were hardest hit by financial strife during the December 2017 quarter, according to the Australian Financial Security Authority’s regional personal insolvency statistics. Financial insolvencies increased by eight to 14 in…
Pump jacks are ubiquitous in Alberta and have become just as emblematic of the oil and natural gas-focused province as the fields of wheat or canola they sit in. But this week, the Supreme Court will tackle a case at the heart of the question of who pays to clean up wells that are no…