Her crimes were discovered when another director of the company – Marc Marusco – started getting phone calls from creditors whose invoices were not being paid. The company subsequently went into voluntary administration in 2016. Ms Martincic’s lawyer Patti Chong agreed with Judge Michael Gething when he suggested the 41-year-old was “regretful” but not remorseful for what she had done. “She maintains…
Photo: Barbora Nmcová The Czech judicial system is unprepared to handle such an influx, Richter, a lawyer in the Prague office of the international firm Clifford Chance, told the business daily Hospodáské noviny. Under current law, the debt relief process cannot begin without the permission of creditors, unless it appears that the debtor will settle…
Mr Mohammed Miah and Mrs Anwara Miah, were both directors of Murrayfield Developments Limited (MDL), which was incorporated in 2004 and traded as The Original Raj Hotel in Edinburgh. From January 2012, Mr and Mrs Miah were joint directors of MDL and the company ceased trading on 19 November 2015 and went into liquidation on…
11:43 28/06/2018 MOSCOW, June 28 (RAPSI, Nikita Shiryayev) The Commercial Court of St. Petersburg and Leningrad Region has declared co-owner and ex-president of Baltiyskiy Bank Oleg Shigayev, who stands charged with embezzlement of 3 billion rubles ($55 million), bankrupt, according to court records. Earlier, the court has initiated debt restructuring process against Shigayev. His debt…
Mike VanErdewyk founded ReliaMax in 2006. On June 27, 2018, a judge approve a state plan to liquidate the company.(Photo: Submitted) A circuit court judge on Wednesday approved a petition to place a Sioux Falls company that insures and services student loans into liquidation. ReliaMax Surety Co. will have all remaining assets liquidated by the…
A former Caltex franchisee has today been handed nearly $100,000 in penalties by Australias Fair Work Ombudsman over serious breaches of the watchdogs record-keeping laws. The Sydney-based Five Dock store was first pulled up before the Ombudsman last year over allegations the franchisee had underpaid six international workers, but on investigation, the documents provided to the…
Devendra Jain, a veteran insolvency professional recently faced a tough time when he was kidnapped from a Mumbai suburb. A group of investors, attempting to derail insolvency proceedings, mistook him for a company official in relation to a ponzi-scheme case. Jain, who is also the founder-chairman and managing director of NPAsource.com, an NPA-listing portal for…
The Big Four accountancy firms have lived a charmed life. Despite repeated audit scandals their profitable oligopoly has survived intact. Now, in the light of this weeks damning parliamentary report on the collapse of UK government contractor Carillion, an overdue reckoning may be imminent. The case of Carillion perfectly illustrates the lack of competition and…
© Anthony Harvey / Getty Images Former Geordie Shore star Chantelle Connelly has filed for bankruptcy. The 28-year-old, who quit the show in November 2016, is now unemployed and was declared bankrupt on May 10. “I don’t want to speak about it,” she told ChronicleLive when it contacted her for comment. The TV star’s bank…
A housing development on Auckland’s North Shore has left creditors millions of dollars out of pocket. Chelsea View Estate Trust initially planned to build a series of terraced houses on the site, but the project has fallen into financial trouble. According to the Companies Office, liquidators Rodgers Reidy were appointed to the company on May…