New insolvency practitioners tasked with business rescue

By Jibril Abdul Mumuni Accra, Oct. 8, GNA – More than 100 newly inducted insolvency and restructuring practitioners have been tasked with supporting business recovery and restructuring distressed companies. The professionals, drawn from the legal, banking, law enforcement and accountancy professions, completed specialised training in insolvency, liquidation, receivership and corporate restructuring. The Chartered Institute of…

BSC Education enters liquidation, ceases trading

“It is with great sadness that we announce that BSC Education Ltd will cease trading and enter liquidation,” the company said in a statement. The group did not disclose details of the liquidation or the reasons behind it, but told partners that its “immediate priority is supporting our current students providing information to those with future bookings”. During what it describes as…

True Fitness, True Yoga’s liquidators received claims from over 3,000 creditors

SINGAPORE – The liquidators for True Yoga and True Fitness have received claims from around 3,300 creditors, following the decision to place the fitness chains into creditors’ voluntary liquidation. The move comes after special resolutions were passed at extraordinary general meetings for both companies on Oct 7, according to a media statement by appointed liquidators RSM Singapore…