Directors who have dissolved companies to avoid paying staff or pensions could be fined or disqualified for the first time, the government has announced. In a package of reforms announced today, struggling companies will be given more time to explore rescue options while shareholders will be given more powers to hold boardrooms to account. Greg…
Advertising Feature Money worries: Nearly one in three Australians are feeling financially stressed, so if you are drowning in debt, the first step is to work out if bankruptcy is right for you. If you are facing severe money-troubles, in no way are you alone. In fact, according to The Australian Financial Security Authority, there…
As the Reserve Bank of Indias (RBI) deadline to resolve large stressed assets ends on Monday, as many as 60 stressed loan accounts worth over Rs 3 lakh crore stare at insolvency proceedings. This is a direct impact of the central banks circular released on February 12. Bankers are attempting to resolve the non-performing assets…
V Rishi Kumar The National Company Law Tribunal (NCLT), Hyderabad has extended the duration of the corporate insolvency resolution process period for IVRCL Ltd by an additional 90 days beyond the original 180 days. The decision follows a resolution passed in a meeting of the Committee of Creditors (CoC) of the Hyderabad-based construction and infrastructure…
German shipbuilder Nordseewerke Emden Shipyard (NES) had filed for insolvency as its deal to provide cruiseship hull blocks for Meyer Werft ends. A spokesman for the district court in Aurich confirmed the Wednesday move to Gottinger Tageblatt. NES has 80 workers. Former owners of the site had declared the yard insolvent in 2012 and 2015.…
Date: 24.08.2018 Victorian Police find some of Hennessy Transports prime movers and trailers as questions emerge about pre-liquidation sale of business A truck bearing Hennessy Transport livery Victorian Police have located some of the vehicles missing from Hennessy Transport…
Date: 24.08.2018 Victorian Police find some of Hennessey Transports prime movers and trailers as questions emerge about pre-liquidation sale of business A truck bearing Hennessy Transport livery Victorian Police have located some of the vehicles missing from Hennessy Transport…
Advertising Feature Money worries: Nearly one in three Australians are feeling financially stressed, so if you are drowning in debt, the first step is to work out if bankruptcy is right for you. If you are facing severe money-troubles, in no way are you alone. In fact, according to The Australian Financial Security Authority, there…
AUGUST 24, 2018Updated 3 HOURS AGO Tim Murphy Tim Murphy is co-editor of Newsroom. He writes about politics, Auckland, and media. Twitter: @tmurphynz Show more boardroom … Read the full article at: https://www.newsroom.co.nz/2018/08/23/206523/daughter-takes-mum-dad-to-supreme-court
Former Premier League striker Carlton Cole has been declared bankrupt following his retirement from competitive football in March of this year. As reported by The Sun, the now 34-year-old was given the verdict by London’s High Court on June 27th, despite earning a reported £30,000-a-week at the height of his playing career, although now hopes his recent plight…