The Debenhams chairman has confirmed the ailing retailer will close stores but denied that the company is actively planning to do so through an insolvency process. Sir Ian Cheshires comments come after weekend reports that Debenhams was working with advisory firm KPMG on a company voluntary arrangement (CVA), a form of insolvency that enables a…
updated Deirdre Hipwell, Tom Knowles The department store chain said it expected to report pre-tax profits of £33 millionNICK ANSELL/PA The chairman of Debenhams has hit back at suggestions that the retail chain may be looking into an insolvency process, saying it is simply not true. Sir Ian Cheshire spoke out after the department store published…
New Delhi: Madras High Court has granted interim reprieve to two private power companies by staying insolvency proceedings against their stressed assets. Several other firms, meanwhile, are likely to approach the Supreme Court on Tuesday, seeking more time to resolve their bad loans and save themselves from insolvency as a Reserve Bank of India circular…
MORE than a quarter of a century ago, media mogul and fraudster Robert Maxwell died under bizarre circumstances. The body of the publishing baron and British MP was found floating in the ocean naked after he vanished from his luxury yacht in the Canary Islands. But while an inquest ruled his death was the result…
New Delhi: Leading private sector lender NCL has filed insolvency petition against Jaiprakash Associates before the National Company Law Tribunal (NCLT). The Allahabad bench of NCLT has asked ICICI bank to serve notice to its corporate debtor Jaiprakash Associates within three days and directed Jaypee group firm to file reply by September 17. If NCLT allows…
A bankruptcy court judge in Delaware has approved the sale of the bankrupt Bon-Ton department store for just under a million dollars. Advertisement CSC Generation Holdings bid $900,000 for the Bon-Ton’s brand names, websites, and 25 million customer names and addresses. A company spokesman tells WGAL News 8 that is does plan on re-opening some…
In my many years as a tax writer, Ive come across many stories like this. It is the story of the unsuspecting wives/partners who end up in a world of pain, simply because they chose the wrong partner in life. When their partner is wanted by authorities like the police and the Australian Taxation Office,…
Celebrity Big Brother winner Ryan Thomas ‘set to make MILLIONS’… after being declared bankrupt five years ago By Ellie Phillips For Mailonline Published: 10:53 AEST, 11 September 2018 | Updated: 10:54 AEST, 11 September 2018 View comments Ryan Thomas was crowned the winner of Celebrity Big Brother 2018 on Monday night. And now, it’s been…
Singapore AN omnibus Bill that consolidates personal and corporate insolvency and debt restructuring laws into a single piece of legislation was tabled for first reading in Parliament on Monday. The Insolvency, Restructuring and Dissolution Bill introduced by Senior Minister of Read the full article at: https://www.businesstimes.com.sg/government-economy/bill-tabled-to-integrate-insolvency-bankrupty-and-debt-revamp-laws
New legislation to consolidate Singapore’s personal and corporate insolvency regimes and restructuring laws was introduced yesterday to augment its position as a global financial centre. The Insolvency, Restructuring and Dissolution Bill was tabled for first reading in Parliament, and will consolidate the provisions currently in two separate statutes – the Bankruptcy Act and Companies Act…