PRAGUE The Czech government approved a 700 million crown ($29 million) loan to help keep afloat hard coal miner OKD, an insolvent unit of New World Resources (NWRR.L) (NWRR.PR), the prime minister and industry minister said on Wednesday. OKD, a major employer in the Czech Republic’s industrial northeast, was declared insolvent by a court in…
Reports have emerged that Italian motorcycle manufacturer Benelli has been declared bankrupt by the Italian court in Pesaro over a 120,000 euro (RM535,600) debt. The matter arose after Benelli failed to pay suspension maker WP Performance the amount owed for the supply of suspension components. As a result, it has been reported that some completed…
07:00 27 July 2016 Gemma Mitchell According to figures released by The Insolvency Service, more than 400 people declared insolvency in Ipswich last year. Ipswich had the seventh highest personal insolvency rate in the country in 2015 with hundreds of people unable to pay their debts. … Read the full article at: http://www.ipswichstar.co.uk/news/ipswich_seventh_highest_personal_insolvency_rate_in_england_in_2015_1_4632823
NT reports highest gains but Darwin sees biggest reduction in debtors. Areas of regional Australia have recorded significant increases in the number of individuals entering into personal and business-related insolvency. The Australian Financial Security Authority (AFSA) has released regional personal insolvency statistics for the June quarter 2016. There was an 11% nationwide increase in the…
In a twisted case of impending debt, the Italian court in Pesaro declared motorcycle maker Benelli as bankrupt in a ruling after the company failed to settle its dues with a component maker. The court order was made despite the fact that the bike maker offered to pay his debt to the company and claimed…
Benelli were declared bankrupt despite the company’s insistence it isn’t Related stories Tuesday, 26, Jul 2016 10:57 by Joe Jeffrey Court declares manufacturer bankrupt despite company’s insistence they’re not An Italian court has taken the step of declaring motorcycle manufacturer Benelli bankrupt in a ruling which followed the company failing to pay a debt to…
Benelli were declared bankrupt despite the company’s insistence it isn’t Tuesday, 26, Jul 2016 10:57 by Joe Jeffrey Court declares manufacturer bankrupt despite company’s insistence they’re not An Italian court has taken the step of declaring motorcycle manufacturer Benelli bankrupt in a ruling which followed the company failing to pay a debt to components manufacturer,…
It is not just the Barnett government going broke in west. The hangover from the mining boom appears to be biting West Australians and local businesses, with the state recording the biggest increase in personal and business insolvencies across Australia for June. The end of the mining boom has meant doom for many West Australians. Photo: Simon…
Aodhan OFaolain Breifne O’Brien convinced people to invest millions of euros in bogus dealsMARK STEDMAN/ROLLINGNEWS Breifne OBrien, the convicted fraudster, has been declared bankrupt by the High Court. The former businessman was given a seven year prison sentence in 2014, which he is currently serving, for convincing people to give him millions of euros for…
UK parliamentarians have criticised as wholly inadequate attempts by the former owner of retailer BHS to address the companys pension deficit and called for significant contributions to address the schemes underfunding. Philip Green was the focus of the parliamentary investigation into the retailers insolvency earlier this year, which followed Greens sale of BHS to Retail…