Alex Ralph The focus on pre-packs increased after Sports Direct acquired House of Fraser but avoided taking on liabilitiesCLIVE GEE/PA The government is facing pressure to bolster the rules around pre-pack administrations after figures showed that a voluntary scheme was being shunned. Only 11 per cent of eligible cases were referred to the Pre Pack…
We’ve previously covered the messy demise of Cafe Brass, the swanky restaurant in Melbourne’s inner-city that failed after only a few months, after its wealthy backers including billionaire investor Alex Waislitz, real estate classifieds wizard Antony Catalano, high street jeweller Marcus Rose and KPMG wheeler-and-dealer Jon Adgemis pulled the pin on the venture, which had…
Liquidator Steven Kugel of Insolvency Experts confirmed he was dealing with more than 1300 creditors, including one secured creditor and 15 employees, and around 500 debtors. The role of the liquidator was to act for the benefit of all creditors including employees, secured and unsecured creditors, he said. “In that regard, as liquidator, I will firstly…
Liquidator Steven Kugel of Insolvency Experts confirmed he was dealing with more than 1300 creditors, including one secured creditor and 15 employees, and around 500 debtors. The role of the liquidator was to act for the benefit of all creditors including employees, secured and unsecured creditors, he said. “In that regard, as liquidator, I will firstly…
Mumbai: The government plans to come up with a separate legislation for registered valuers who can help arrive at better valuation of bankrupt companies under the insolvency process, Corporate Affairs Secretary Injeti Srinivas said on Saturday. Of the 40 largest NPA accounts sent to various National Company Law Tribunals (NCLTs) since last July, which together…
IN a sliding doors moment, Nathan Tinklers former right-hand man, Troy Palmer, has been declared bankrupt with debts of more than $21 million, just as word emerges that his former one-time billionaire boss has had his personal bankruptcy annulled. The Herald can reveal that retail giant Gerry Harvey has bailed Mr Tinkler out for a second time, loaning…
IN a sliding doors moment, Nathan Tinklers former right-hand man, Troy Palmer, has been declared bankrupt with debts of more than $21 million, just as word emerges that his former one-time billionaire boss has had his personal bankruptcy annulled. The Herald can reveal that retail giant Gerry Harvey has bailed Mr Tinkler out for a second time, loaning…
IN a sliding doors moment, Nathan Tinklers former right-hand man, Troy Palmer, has been declared bankrupt with debts of more than $21 million, just as word emerges that his former one-time billionaire boss has had his personal bankruptcy annulled. The Herald can reveal that retail giant Gerry Harvey has bailed Mr Tinkler out for a second time, loaning…
IN a sliding doors moment, Nathan Tinklers former right-hand man, Troy Palmer, has been declared bankrupt with debts of more than $21 million, just as word emerges that his former one-time billionaire boss has had his personal bankruptcy annulled. The Herald can reveal that retail giant Gerry Harvey has bailed the former mine electrician from Muswellbrook out for a…
Nick Leeson, 51, is best known as the infamous banker who brought down Barings Bank. He is one of the contestants in the Celebrity Big Brother house 2018. But what is his net worth? At his peak in the early nineties, Nick is believed to have earned bonuses of £130,000 on a salary of £50,000.…