The move follows an investigation by the Insolvency Service. The company operated a website www.bluethornetrading.com. The role of the provisional liquidator is to protect assets in the possession or under the control of the company pending the determination of the petitions. The provisional liquidator also has the power to investigate the affairs of the companies…
During 2014-2016 refinancing policy pursued by the NBU was aimed at maintenance of banking system from financial collapse. Along with the change in environmental conditions shifted the emphasis and priorities in the aims and objectives of monetary policy. Features of the external environment in which the banking system, require from the National Bank of Ukraine…
Columnists Tuesday, October 9, 2018 19:25 By BASTON WOODLAND | No investor or creditor ever wants to see a company in trouble, even though at times insolvency is inevitable. FILE PHOTO | NMG Capitalism without insolvency is like Christianity without hell. Even if a company spends itself into insolvency until it doesnt recover, creditors would…
The National Company Law Tribunal, Hyderabad bench, has admitted a petition to initiate corporate insolvency proceedings against Madhucon Projects Limited and appointed an interim Resolution Professional (RP). On a petition moved by Shri Srikrishna Rail Engineers, a Mumbai-based company, seeking initiation of insolvency resolution process under the Bankruptcy and Insolvency Code, 2016, the Judicial Member…
The insolvency regulator is training its guns on personal guarantors to recover bad loans. Nudging the new breed of insolvency professionals to attach assets of guarantors is not a good idea. It goes against the grain of limited liability. The reason is simple. At risk, is only the risk capital that the promoter has invested…
Published: 11:34 Tuesday 09 October 2018 Share this article The rate of personal insolvencies in North Lincolnshire has increased by almost a third over the last two years, official data has revealed. In 2015, 21.6 adults per 10,000 were declared insolvent in North Lincolnshire, according to Insolvency Service figures. However by 2017 that figure had…
With the decision of the Kurzeme District Court from August 09th, 2018 was announced an insolvency proceedings of AS Tosmares kuubvtava, hereinafter referred to as the Company, and certified insolvency administrator Ivars Meis, certificate No.00448, was appointed as the administrator of insolvency proceedings of the Company. During the insolvency proceedings the creditors of the Company…
Insolvency is something no business owner or company director wants to have to deal with. But its unfortunately a reality for many businesses and its always better to understand what can be done to salvage the company before having to resort to liquidation. In this article, were going to give you some of the…
House of Fraser concession partner Ehab Shouly is considering legal action against the companys administrator Ernst & Young (EY). Shouly, owner and co-founder of The Tea Terrace, which operates three cafes within House of Fraser stores, claims he is owed over 300,000 from House of Fraser, equating to two months worth of sales. He argues…