ALOR SETAR: The Malaysian Fire and Rescue Department has taken disciplinary action against 13 of its firefighters who have been declared bankrupt since 2020. Its director-general, Datuk Nor Hisham Mohammad said several factors led them to be declared bankrupt, mostly for becoming guarantors to loan borrowers. “There is also one (staff) whose name is in…
dministrators of embattled textile giant PT Sri Rejeki Isman (Sritex) are in talks with potential investors to lease its assets and rehire some of the thousands of laid-off workers, according to a team of curators responsible for handling the company’s assets after it was officially declared bankrupt. Once selected, the investor in question is expected…
ALOR SETAR: The Fire and Rescue Department has taken disciplinary action against 13 firefighters who have been declared bankrupt. Director-general Datuk Nor Hisham Mohammad said standing as guarantors for loans was among the causes of bankruptcy. “There is also one (firefighter) whose name is listed in a company . When the company had problems ……
13 Firefighters Declared Bankrupt Taken Disciplinary Action BERNAMA Read the original article here
13 Firefighters Declared Bankrupt Taken Disciplinary Action BERNAMA Read the original article here
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New Delhi, Mar 11 (PTI) GLAS Trust Company LLC, the US-based lender of debt-ridden firm Byju’s, on Wednesday moved insolvency appellate tribunal NCLAT seeking a stay over amendments in the Articles of Association (AoA) of Aakash Educational Services. A two-member bench comprising Justice Rakesh Kumar Jain and Jatindranath Swain issued notice to Aakash Educational Services,…
Article content Retail and insolvency experts expect Hudson’s Bay will close some of its stores as it restructures through creditor protection. Article content While the department store chain dating back to 1670 hasn’t announced plans to shutter locations, Insolvency Insider newsletter editor Dina Kovacevic says it’s not unusual for retailers under creditor protection to take…
Darts star fears losing home after being made bankrupt over £500k tax bill The Mirror Read the original article here
Sometime last year, we walked into a small office in Nairobi, facing an all too familiar situation, another business in distress. A once-thriving fintech company had officially gone into administration. Despite the best efforts of its directors, a tough economy, regulatory challenges, and dwindling investor confidence left no option but to bring in insolvency practitioners…