German fashion startup Lesara files for insolvency – FashionUnited UK (blog)

Angela Gonzalez-Rodriguez | Wednesday, 14 November 2018 German online fashion and lifestyle products startup Lesara has filed for insolvency at its headquarters in Berlin. The companys co-founder for insolvency proceedings in self-administration for Lesara AG and logistics subsidiary Lesara Logistics at the district court of Berlin-Charlottenburg. All major expenditures and decisions must now be approved…

Vulture funds are engaging with borrowers in arrears, Government report finds – Independent.ie

Stock image Vulture funds are engaging with borrowers in arrears, Government report finds Independent.ie A report for the Government has found that vulture funds are engaging with borrowers in arrears. https://www.independent.ie/business/personal-finance/property-mortgages/vulture-funds-are-engaging-with-borrowers-in-arrears-government-report-finds-37524790.html https://www.independent.ie/breaking-news/irish-news/article35550895.ece/30632/AUTOCROP/h342/PANews_P-1001d3de-e6d9-4213-96c9-67a76f4bbc62_I1.jpg Email A report for the Government has found that vulture funds are engaging with borrowers in arrears. Its publication prompted Finance Minister Paschal…

Government books in total shambles: Auditor-General – Nehanda Radio

By Tendai Kamhungira State-owned enterprises and parastatals continue to incur shocking financial losses, with high chances of ceasing operations, Auditor-General Mildred Chiri has warned. ZESA Megawatt HQ in Harare State-owned enterprises and parastatals are losing millions of dollars, according to Chiris latest 2017 report, with fears that some might be declared insolvent due to the…

Low demand, high cost of production blamed for insolvency of more businesses – NTV Uganda

With real threats of such enterprises going under, there is renewed desire that they be shielded against possible liquidation or being declared insolvent. Gideon Badagawa, the Executive Director at the Private Sector Foundation maintains that economic recovery remains hinged on job security and market access. Read the full article at: http://www.ntv.co.ug/news/national/Low-demand–high-cost-of-production-blamed-for-insolvency/4522324-4849690-lblaqo/index.html

Director of collapsed building firm under police investigation declares himself bankrupt – Ipswich Star

PUBLISHED: 09:30 12 November 2018 | UPDATED: 12:54 12 November 2018 Jessica Hill Sam Shutlar (Samuel David Construction) Archant Samuel Shutlar, the director of the building firm Samuel David Construction, which went under … Read the full article at: https://www.ipswichstar.co.uk/news/business/sam-shutlar-director-of-sdc-in-suffolk-is-bankrupt-1-5774741

Bankrupt father of three who ran brothel in city avoids prison term – Belfast Telegraph

Bankrupt father of three who ran brothel in city avoids prison term BelfastTelegraph.co.uk A brothel keeper who housed prostitutes from eastern Europe has been ordered to carry out 60 hours of community service. https://www.belfasttelegraph.co.uk/news/northern-ireland/bankrupt-father-of-three-who-ran-brothel-in-city-avoids-prison-term-37512116.html https://www.belfasttelegraph.co.uk/incoming/article37513100.ece/0a6a6/AUTOCROP/h342/erryMcBride12.jpg Email A brothel keeper who housed prostitutes from eastern Europe has been ordered to carry out 60 hours of community…