Bankrupt Bon-Ton Stores Inc. may be revived and reinvented – York Daily Record/Sunday News

Bon-Ton’s website on Friday was displaying a message suggesting the bankrupt store has comeback plans.(Photo: Screengrab) Bon-Ton Stores Inc., the more than century-old department store chain that declared bankruptcy in February and shut its doors Wednesday, may be close to a comeback. The rights to relaunch the retailer and its subsidiary brands are close to…

Bankrupt Bon-Ton Stores Inc. may be revived and reinvented – Milwaukee Journal Sentinel

Boston Store’s website on Friday was displaying a message suggesting the bankrupt store has comeback plans.(Photo: Screen grab, ) Bon-Ton Stores Inc., the more than century-old department store chain that declared bankruptcy in February and shut its doors Wednesday, may be close to a comeback. The rights to relaunch the retailer and its subsidiary brands…

Creditors take HCC’s Lavasa Corporation to insolvency court – Moneycontrol.com

Luxury township Lavasa Corporation has been referred to the National Company Law Tribunal (NCLT) for insolvency proceedings by its operational creditors on Thursday. NCLT has appointed Devendra Prasad as Interim Resolution Professional under the provisions of the IBC, parent company HCC informed the stock exchanges. The National Company Law Tribunal vide its order dated 30/08/2018…

Govt to crackdown on phoenixed firms – FT Adviser

The Government will give new powers to the Insolvency Service to crack down on reckless directors who phoenix their firms. The Department for Business, Energy & Industrial Strategy (BEIS) has unveiled a series of new measures on corporate governance and insolvency which include new powers for the Insolvency Service to investigate directors of dissolved companies where they are suspected of…

Crackdown on directors is step in right direction, says insolvency group – Norfolk Eastern Daily Press

PUBLISHED: 12:37 29 August 2018 | UPDATED: 12:37 29 August 2018 R3 Eastern chairman Mark Upton, partner at Ensors Chartered Accountants. Picture: Roger Barcham, BMS Imaging Roger Barcham, BMS Imaging A regional insolvency group has welcomed government moves to crack down on directors who diss… Read the full article at: http://www.edp24.co.uk/business/r3-government-crackdown-phoenixing-insolvency-service-east-anglia-1-5671718