HAMBURG, Feb 12 (Reuters) – German grain trading house Mackprang has applied for insolvency proceedings, its chief executive said on Monday. Work will continue while a provisional administrator holds talks with creditors, said chief executive Jens Kass. The company and its shareholders had been unable to reach agreement on financing with banks, he said. The…
HAMBURG, Feb 12 (Reuters) – German grain trading house Mackprang has applied for insolvency proceedings, its chief executive said on Monday. Work will continue while a provisional administrator holds talks with creditors, said chief executive Jens Kass. The company and its shareholders had been unable to reach agreement on financing with banks, he said. The…
The deadline for submitting bids for the beleaguered Essar Steel, put up for sale under Insolvency and Bankruptcy Code (IBC), ends today and it’s reportedly looking like a tug of war between the Ruias and L.N. Mittal, though Tata Steel is also expected to enter the fray. Yes, the government has amended the Insolvency and…
Employees transferred in prison and defence contracts but more than 1,000 ex-staff have lost jobs Carillion ran maintenance services at prisons including Wandsworth. Photograph: Graeme Robertson for the Guardian More than 4,400 staff who worked for collapsed government contractor Carillion will keep their jobs, the Insolvency Service has said, after new companies were found to…
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…