An attempt by the controversial businessman who bought BHS for £1 to keep his investment vehicle afloat has been dealt a further blow with the appointment of insolvency professionals to wind up his company. Sky News has learnt that Milner Boardman and Duff & Phelps have been appointed as joint liquidators to Retail Acquisitions Limited…
Labor is reeling after an adviser resigned amid revelations that the party bankrolled its 2016 federal election campaign with the help of up to $140,000 in donations from gold dealers linked to a multimillion-dollar tax scam. Play Video Don’t Play Tougher parole laws for terrorists in SA Play Video Don’t Play Video duration 01:21…
It is difficult to see how Ten Network can escape the corporate undertaker after losing the support of the three billionaires, Lachlan Murdoch, James Packer and Bruce Gordon, who until last weekend had been keeping it afloat. The network has a $200 million loan with the Commonwealth Bank that falls due just before Christmas, which it…
Max Clifford, the disgraced former PR mogul, has declared bankruptcy owing £7.5 million, including to women who claim that he sexually abused them, The Times can reveal. Clifford, 74, is serving an eight-year jail sentence for indecent assaults on four women and teenage girls between 1966 and 1984. His financial downfall may scupper the claims…
A new committee set up to complement ASICs functions has released the names of lawyers appointed to its ministerial pool. The creation of the federal Insolvency Disciplinary Committee is part of a new Australian corporate insolvency regime that has been enacted in 2016. Minister for Revenue and Financial Services Kelly ODwyer announced last week nine…
3 min read Nagpur: Create economic uncertainty by indulging in financial mismanagement and corruption seems to be the most-liked but equally dubious modus operandi of companies to go bankrupt in order to dodge the action of their creditors. The Jayaswals of Neco, Nairs of Orange City Hospital, Nairsons of coal companies and many such more…
The boss of a Sheffield city centre restaurant, bar and brewery declared insolvent with debts of £1 million has taken to Facebook to explain the venue’s “severe difficulties” in a frank video. Alex Barlow, owner and founder of the Sentinel Brewhouse in Shoreham Street, has revealed that unexpected building costs and a batch of stolen…
Are you a convicted criminal? A former bankrupt? Someone banned from holding a liquor licence in Victoria for 15 years? Is your business partner a member of a notorious outlaw motorcycle gang? Are you currently facing serious criminal charges? If the answer is “yes” to the above, then a career in real estate could still be…
by Nelson Del Castillo and Elodie Cuzin in Washington – AFP on June 11, 2017, 4:00 pm It’s complicated: Puerto Ricans vote on knotty US relationship San Juan (AFP) – To become a true US state, to choose independence or to maintain the status quo: Puerto Ricans will on Sunday mull their political future in…
A court in Aruba has declared Insel Air Aruba bankrupt, the Curacao Chronicle has reported. According to the newspaper, the court granted the airline a deferment of payment for a few months and it was not operating flights anymore. However, according to the report, there was no chance of selling the airline or restarting its…