Category Archives: Bankruptcy

FILING DEADLINE–Kuznicki Law PLLC Announces Class Actions on Behalf of Shareholders of YRIV, ALKS, MAXR and TYME – GlobeNewswire

CEDARHURST, N.Y., Feb. 08, 2019 (GLOBE NEWSWIRE) — The securities litigation law firm of Kuznicki Law PLLC issues the following notice on behalf of shareholders of the following publicly traded companies. Shareholders who purchased shares in these companies during the dates listed below are encouraged to contact the firm regarding possible appointment as lead plaintiff…

CLASS ACTION UPDATE for NSANY, YRIV, W and MKL: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders – GlobeNewswire

NEW YORK, Feb. 08, 2019 (GLOBE NEWSWIRE) — Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court and further details about the cases can be found at the…

Financial literacy – nestegg.com.au

Retirement planning People try to save as much as they can for retirement. However, most find that their efforts often fly out the window without a proper goal and plan. Creating an achievable long-term retirement plan is absolutely necessary. Likewise, its also important to learn the skills that will enable an individual to grow their…

Brothers jailed for 14 years for £3m tax fraud – Accountancy Daily

Bournemouth brothers Shahab Hashtroudi, Shahin Hashtroudi, and Hedayat Hashtroudi, ran pubs and restaurants in Hampshire, Dorset and Surrey, using the money to prop up their loss-making business empire and fund their lifestyle. Shahab Hashtroudi drove a Porsche and sent his child to private school. From October 2008 they set up 11 companies, all of which…

CLASS ACTION UPDATE for YRCW, YRIV, MKL and MU: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders – GlobeNewswire

NEW YORK, Feb. 07, 2019 (GLOBE NEWSWIRE) — Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court and further details about the cases can be found at the…

BREAKING NEWS: Kronaby looks for new owner as parent company files for bankruptcy – WatchPro

Anima, the parent company that created Kronaby watches, has declared itself insolvent and filed for bankruptcy in its native country of Sweden. The company is now in the hands of a trustee appointed by the court, and continues to trade. CEO Pl Borge told WatchPro today that they have been working to find a new…

High Court: Permanent TSB loses appeal against Personal Insolvency Arrangement – Irish Legal News

Published 7 February 2019 High Court Permanent TSB (PTSB) has lost an appeal against a Personal Insolvency Arrangement (PIA) which was confirmed in the Circuit Court in 2017. PTSB had voted against the terms of the PIA, in which the Personal Insolvency Practitioner proposed that the mortgage debt be written down, and the remaining…

RBI allows companies participating in insolvency process to tap ECB route – Business Today

In a bid to facilitate resolution process under insolvency law, the RBI Thursday proposed to permit bidders to raise funds through external commercial borrowing for repayment to the existing lenders. As per the existing guidelines, the proceeds of External Commercial Borrowing (ECB) denominated in either foreign currency or Indian Rupee, are not permitted to be…

RCom requests fast-track insolvency – Developing Telecoms

Reliance Communications (RCom) has stated that it will file for fast-track insolvency resolution with the Indian National Company Law Tribunal. The operator group has taken the decision following a board review of its 2017 debt resolution strategy which found that despite the passage of over 18 months, lenders have received zero proceeds from the…

Extended bankruptcy after boss caused finance company to lose thousands – GOV.UK

Terence Coventry (39), from Gainsborough, Lincolnshire, was appointed the sole director of Alliance Traffic Services Limited in April 2016 before he caused the company to enter into a factoring agreement a month later. The factoring agreement, which Terence Coventry personally guaranteed, set out the terms where an independent finance company would buy Alliance Traffic Services…