Why directors mustn’t ignore warning signs on the viability of their business – Belfast Telegraph

Why directors mustn’t ignore warning signs on the viability of their business BelfastTelegraph.co.uk It would appear that the only certainty in the current pre-Brexit, politically paralysed climate is uncertainty itself. In the short term, the consensus view is that business owners and directors can expect to have to navigate an economic landscape that may change…

Lenders review insolvency process against 12 firms sent to National Company Law Tribunal – Financial Express

Sources said it was attended by State Bank of India (SBI) and Punjab National Bank (PNB), among others. (Image: Reuters) A group of top lenders on Monday met officials from the Indian Banks Association (IBA) to review the progress of insolvency proceedings against 12 companies sent to the National Company Law Tribunal (NCLT). Sources said…

Coastal town’s including Great Yarmouth and Ipswich dominate personal bankruptcy list – Ipswich Star

PUBLISHED: 17:08 07 August 2017 | UPDATED: 17:08 07 August 2017 Seaside towns like Great Yarmouth have been found to have a higher than average rate of personal insolvency. Picture: James Bass Archant Norfolk © 2014 Coastal towns have dominated a list of the top areas for personal bankru… Read the full article at: http://www.ipswichstar.co.uk/news/coastal-town-s-including-great-yarmouth-and-ipswich-dominate-personal-bankruptcy-list-1-5139213

Paravion closes Turkey portal Bavul.com, files for insolvency – Business Review

Paravion, Romanias biggest online tourism portal, has filed for insolvency and will close bavul.com, the Turkish-based portal it purchased in 2014. The company will implement a restructuring plan starting August 8. In the past year, Paravions Turkish portal, bavul.com, which represents one third of the business, recorded losses, due to the political instability and security…

Tatfondbank embezzler tries to siphon off multimillion assets abroad and go bankrupt – https://en.crimerussia.com/

The Deposit Insurance Agency of Russia has filed a lawsuit with the Arbitration Court of Tatarstan to declare Robert Musin, former Chairman of the Board of Tatfondbank detained for swindling on an especially large scale, bankrupt. The plaintiff requires to recognize the banker insolvent because the total sum of financial claims filed against him some…