The latest financial statements of the Nova PropGrow Group, the rescue vehicle of the failed Sharemax investment scheme, show the company is on the verge of insolvency. The financial statements, which were published three months late, also received a qualified audit opinion from the groups new auditor, Nexia SAB&T. The qualified opinion not only questioned…
Article written by PittStreet Research. For the full report click here Unique proposition in the lucrative bankruptcy services Credit Intelligence (ASX:CI1) is a Hong Kong-based debt restructuring and personal insolvency management service provider. CI1 has been a trusted partner for global banks for over 16 years. Considering the significant number of personal insolvency cases every…
Opinion Jessica Walker and Philip Gilliland 19 Dec 2018 04:03pm While the world of insolvency may often appear murky, in reality very few insolvencies result directly from fraudulent or criminal beha… Read the full article at: https://economia.icaew.com/opinion/december-2018/wine-and-insolvency
Halifax Mannin Ltd and Hey Design Services Ltd have been placed in provisional liquidation following a hearing at the High Court on 18 December 2018. This followed applications issued by the Insolvency Service on behalf of the Secretary of State for Business, Energy and Industrial Strategy. Halifax Mannins registered office is in Blaenau Ffestiniog, Wales,…
Paul James Manley (63), from Wembley, North-West London, was disqualified for 12 years on 11 December 2018 and his ban is effective from 1 January 2019. Incorporated in 1994, County West Commercial Services Ltd was an accountancy firm based in Hammersmith. Paul Manley was a director of the company and 13 years later, County West…
The Sofia city court declared Bulgarian operator Max Telecom insolvent in a case opened at the request of local M Sat Cable over a BGN 116.2 million debt, writes SeeNews.com citing documents filed with the commercial register. Max Telecom failed to make two payments worth BGN 67.6 million to M Sat Cable as agreed in…
By ON Ravi Last week, the principal bench of National Company Law Tribunal (NCLT), Delhi, dismissed a corporate insolvency application under the Insolvency and Bankruptcy Code, 2016 filed by HDFC against RHC Holding, on the ground that RHC Holding is a financial service provider and as such would not come within the ambit of the…
Date: 19.12.2018 Transport, postal and warehousing fifth-most likely sector to experience financial difficulty The Australian Securities and Investments Commission (ASIC) has released its insolvency statistics for the 2017-18 financial year, with the transport, postal and warehousing category recording 379 insolvencies for the period equating to…
Miniso Canada (various locations),a discount retailer thats like a Uniqlo-meets-Muji hybrid, is allegedly facing bankruptcy. According to a Miniso Group press release issued yesterday (December 17),the Chinese parent companies of the global chain have filed an applicationin the B.C. Supreme Court to begin bankruptcy proceedings for its Canadian division of variety stores that carry low-cost…
Disappointment Chairman Philip OLeary expressed disappointment, however, that the numbers opting for mediation have fallen in Dublin, with 318 first joint information sessions in 2017 compared with 348 in 2016 and 407 in 2015. The board wants a higher take-up of mediation in applications for guardianship, custody or access in the Dublin area, and it…