Allow promoters of SMEs facing insolvency to bid for their own companies: expert body – Hindu Business Line

Says a number of SMEs havent been getting bidders Kolkata, January 25:   Promoters of small and medium enterprises (SMEs) should be allowed to bid for their companies against which insolvency proceedings have begun. A number of SMEs are going without bidders and the Centre allowing promoters of these enterprises to bid would be a positive…

Pizza franchise firm falls into administration – Warwick Daily News

THE company once overseeing brands including the New York Slice pizza chain and Mexican fast-food outlets has plunged into administration, amid a festering lawsuit and complaints about the Brisbane-based franchise operation. Administrators from GM Insolvency were appointed on Wednesday to Franchise Retail Brands, which owes more than $500,000. Shareholders who invested almost $5.3 million could…

Personal insolvencies predicted to have edged up annually in official figures – Daily Mail

By Press Association Published: 13:48 AEDT, 25 January 2018 | Updated: 13:48 AEDT, 25 January 2018 e-mail The number of people whose finances deteriorated so badly that they have become insolvent is predicted to have increased year-on-year in official figures released on Friday. Audit, tax and consulting firm RSM expects that across England and Wales, around…

Nathan Tinkler charged with smashing sister’s window in Kendall – Port Macquarie News

CHARGED: Former billionaire Nathan Tinkler has been charged by police for allegedly destroying property. BANKRUPT former billionaire Nathan Tinkler is embroiled in a family feud that has seen him charged with allegedly smashing a stained glass window at his sisters house. The case was briefly mentioned in Port Macquarie Local Court on Wednesday January 24, but Mr Tinkler did not appear.…

Cold call king gets 12-year company ban after blowing £55k on Savoy wedding and jewellery – Telegraph.co.uk

The Insolvency Service said in a statement that the personal spending was particularly disquieting.  It said in a lengthy statement that Mr Abbott had accepted the disqualification and did not dispute that Reactiv Media had submitted three invoices totalling almost £340,000 to support a grant application for a tenth of that sum. These three invoices…