Why do some restaurants get millions while others go bankrupt? – Restaurant Business Online

The restaurant industry sure seems to be struggling these days. To wit: Noon Mediterranean, formerly known as Verts, filed for bankruptcy protection. Just last week, Mike Isabella Concepts declared bankruptcy. So did Rubys Diner. This after Real Mex Restaurants filed last month. Barnes & Noble admitted that its full-service restaurant experiment has been a major…

Bleak news for 138 creditors in Metro Builders’ collapse – Rockhampton Morning Bulletin

THE liquidator of a failed Rockhampton building company has released its report – and it’s not good news for the company’s 138 unsecured creditors. Metro Builders ceased trading on June 9, more than six months after becoming insolvent, owing more than $2.4million. On Tuesday, director and sole shareholder Glen Finning declared personal bankruptcy. Liquidator Christopher…

Who is Shafee Abdullah, the formidable lawyer now on other side of the table? – Yahoo News

KUALA LUMPUR, Sept 13 Prominent lawyer Tan Sri Muhammad Shafee Abdullah built a reputation for getting people off charges as grave as murder, drug trafficking and corruption, but is now in the dock just like his varied clients. Shafee used to working from the outside as counsel for high-profile politicians and businessmen was formally accused…

Ryan Thomas jokes he ‘now knows how to pay the taxman’ after his £40K bankruptcy hell… as he admits he ‘dreams of … – Daily Mail

Ryan Thomas jokes he ‘now knows how to pay the taxman’ after his £40K bankruptcy hell… as he admits he ‘dreams of making millions after CBB’ The 34-year-old actor, who was crowned winner of CBB on Monday, appeared on Jeremy Vine to discuss Punchgate and his future success  Back in 2013, Ryan, who starred as…

Coffee pod company iCapsulate collapses into administration after being offered biggest ever Shark Tank deal – SmartCompany.com.au

A company that once received the biggest ever deal on the Australian edition of Shark Tank, but was marred by controversy in the months after the show aired, has fallen into voluntary administration. Coffee pod manufacturer iCapsulate was placed into voluntary administration late on Monday, with Rodgers Reidy administrator Andrew Barnden appointed to oversee the…

Michael Reid: Is personal liability the way to tighten insolvency issues? – Scottish Business News (press release)

Recently-published UK government proposals to tighten up insolvency laws and address the business practice of phoenixing have put a fresh spotlight on a notoriously tricky area of financial regulation. Under the plans, company directors who dissolve their business to circumvent obligations such as staff payments and pension commitments could face substantial fines. The legislative backdrop…