An Alberta legal battle over whether creditors take priority over the cleanup of old oil wells has landed at the Supreme Court of Canada with seven justices now tasked with a decision that could have implications for industry and the environment across the country. The nation’s highest court heard the contentious case on Thursday, centred on the…
GYMPIE-COOLOOLA has taken out the crown for highest insolvency rate in the Wide Bay Burnett, and the 21st highest in the state out of 83. New data reveals the Gympie-Cooloola per capita rate is at least eight points above its neighbours. The Australian Financial Security Authority’s latest regional personal insolvency statistics reveal the region’s rate…
The United Kingdom branch of Christ Embassy, owned by popular Nigerian televangelist, Chris Oyakhilome, is broke and has been declared insolvent by the Charity Commission, the agency that regulates charity organisations in the country. The ministry also admitted in its belated 2015 financial Statement (the churchs last annual return, which it published in…
Euro Construct Trading 98 enters insolvency due to a liquidity crisis, which started from S2 2017, generated by the uncollected accounts receivable in due time of the works beneficiaries. The commercial company Euro Construct Trading 98 had received from the Court the approval of insolvency submitted at the Bucharest Court, based on the law no.…
Embattled Danish flat-pack furniture maker Tvilum has been rescued. A three-way investor consortium, led by Viking Trading, the parent company of Tvilum rival of Steens plus members of the founding Kristiansen family and Tvilums new CEO, Torben Porscholdt have signed a deal which saves some 500 of the (mostly factory-based) 600 jobs at Tvilum,…
Riga Vidzeme District Court on Wednesday decided to release former insolvency administrator Maris Spruds on bail of 500,000 euros giving him a month to secure the bail. Meanwhile he remains in custody. Commenting on the sum of the bail, Spruds said after the court sitting that he has to try to find it. Spruds lawyer Janis Rozenbergs…
It looks like the Coast is a hotspot for people going bankrupt. The Australian Financial Security Authority‘s latest personal insolvency stats are out, and 80 people reporting it in the Wyong region the December, the second highest number of any region statewide. While the Gosford region came next with 74, putting it third. The only spot…
More than half of companys 19,500 workers still in limbo as suppliers count cost of its failure Carillions liquidation is causing problems for former employees and along its supply chain Photograph: Yui Mok/PA A month after the government contractor Carillion folded, the effects of its failure are still filtering through. The latest cost of the…
SIXTY residents and business across the Mackay region went bankrupt between September and December 2017. The Australian Financial Security Authority (AFSA) yesterday released quarterly regional personal insolvency statistics and analysis for Queensland regions in the December quarter 2017. The data revealed 53 Mackay residents declared non-business related insolvencies down from 60 in the September quarter.…
In 2017, the number of Romanian companies with a major impact on the economy went into insolvency decreased by around 7 percent from the previous year. However, the value of privately owned major impact companies that were in insolvency was EUR 1.22 billion at the end of 2017, a 15 percent increase compared to the…