A man who was declared bankrupt in 1995 after a four-year tax investigation is angry at the loss of an old personal pension that he paid into for seven years. Edmund Watters, 61, took out the policy with Confederation Life (now Sun Life Financial of Canada) in January 1991 when he earned 25,000 a year…
Thailand’s cabinet has approved a plan to restructure troubled Thai Airways’ finances through a bankruptcy court. The plan for a court-led restructuring of the national carrier replaces a previous proposal of a government-funded rescue package that was heavily criticised in the country. The state-controlled airline’s troubles are the latest example of how the coronavirus pandemic…
SUBCONTRACTORS will likely be the big losers from the collapse of council-favoured Ri-Con Contractors with the latest report revealing they are unlikely to see a cent of the almost $5 million owed. The report lodged with ASIC by liquidator Worrells revealed the company, which won multimillion-dollar contracts with the Gympie, Sunshine Coast and Noosa councils,…
SUBCONTRACTORS will likely be the big losers from the collapse of council-favoured Ri-Con Contractors with the latest report revealing they are unlikely to see a cent of the almost $5 million owed. The report lodged with ASIC by liquidator Worrells revealed the company, which won multimillion-dollar contracts with the Gympie, Sunshine Coast and Noosa councils,…
SUBCONTRACTORS will likely be the big losers from the collapse of council-favoured Ri-Con Contractors with the latest report revealing they are unlikely to see a cent of the almost $5 million owed. The report lodged with ASIC by liquidator Worrells revealed the company, which won multimillion-dollar contracts with the Gympie, Sunshine Coast and Noosa councils,…
Throughout the coronavirus crisis, CBS is providing weekly updates on the number of bankruptcies pronounced by Dutch courts. The weekly updates are normally released on Thursdays at 12.00 p.m. Not including sole proprietorships, there were 66 bankruptcies in week 22. This is 3 down on the previous week. In addition, 9 sole proprietorships were declared…
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Village Mangal Limited was incorporated in December 2012 and Ifras Coruk (43) was appointed the sole director at the same time. The company traded as a Turkish Restaurant called Village Mangal in Amersham, Buckinghamshire, but began to struggle and by January 2019, Village Mangal Limited entered into creditors voluntary liquidation. The insolvency process, however, triggered…
An Auckland concrete con artist who ripped off customers and operated a business for years while bankrupt has been jailed. Gordon Paul Bayne was sentenced at the Auckland District Court on Wednesday to two years and six months in jail, after pleading guilty to three charges under the Insolvency Act 2006. Judge Evangelos Thomas said…
Clive Palmer’s failed Queensland Nickel refinery was insolvent in the days before administrators were called in, a judge has found. Key points: Justice Mullins says claims against Mineralogy by liquidators could not succeed Clive Palmer says the ruling “vindicates” his faith in the justice system He says he will now consider seeking compensation But Justice…