Bankrupt All American Oil & Gas Inc. of San Antonio is working on a deal to sell its assets to its largest creditor. The proposed transaction calls for creditor Kern Cal Oil 7 to bid the amount its owed by AAOG for the San Antonio companys assets. Such an offer is known as a credit…
Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors that acquired Yangtze River Port and Logistics Limited (Yangtze River or the Company) (NASDAQ:YRIV) securities between February 2, 2016 and December 5, 2018, inclusive (the Class Period). Yangtze River investors have untilMarch 4, 2019to file a…
LIQUIDATORS say 2019 is likely to keep proving troublesome for building and retail sectors, which were roughed up in the past year. Charities and aged care were other industries that could face struggles in 2019 amid government inquiries and changed funding rules, the insolvency experts said. Stirling Homes Qld collapse hits 40 buyers Builder collapse…
The opposition attacks coincided with a day of government-backed tests on the motorway and ferry system to see how the transport network would handle a no-deal scenario. “Our economy depends on these trading routes continuing to function yet [Transport Secretary] Chris Grayling is prepared to rely on amateurs in the event of a no deal,”…
Incorporated in October 2014, Mamhead House And Castle Limited (MHAC) was a company that organised events, while also managing the wedding venue, Mamhead House. The venue, a former Georgian country home in rural Devon, had been the destination for high-profile celebrity weddings. Richard Stuart Fuller (56), of Crockham Hill, Kent, was appointed a director in…
Incorporated in October 2014, Mamhead House And Castle Limited (MHAC) was a company that organised events, while also managing the wedding venue, Mamhead House. The venue, a former Georgian country home in rural Devon, had been the destination for high-profile celebrity weddings. Richard Stuart Fuller (56), of Crockham Hill, Kent, was appointed a director in…
Update on the voting results of the 14th meeting of the Committee of Creditors of Viceroy Hotels Limited (CoC). This is to inform you that the 14th meeting of the Committee of Creditors (CoC) of Viceroy Hotels Limited (under Corporate Insolvency Resolution Process) (the Company) was held on Monday, 31st December, 2018 at Plot No.…
Government has been prejudiced in excess of $3,5 billion by company directors who shut-down their firms in order to avoid payment of taxes only to re-establish themselves under different trading names. This was revealed by Finance minister Mthuli Ncube in the National Assembly last month during the debate on the Finance Bill. Ncube is proposing…
THE boss of a castle where Peter Andre tied the knot has been disqualified from running a business for nine years after leaving customers 90,000 in the lurch. Richard Fuller, 56, was slapped with the ban after continuing to accept payments for the Exeter wedding venue Mamhead House despite knowing the company was insolvent. Twitter…
Currently, only financial creditors are part of the CoC that decides on a resolution plan and selects the winning bidder. Operational creditors (OCs), mostly MSMEs, may soon cease to get short shrift by the financial creditors, their mightier counterparts. The government is set to equip the OCs with more power under the Insolvency and Bankruptcy…