Aussies scoop up cheap gifts from sports company liquidation – Central Western Daily
Aussies scoop up cheap gifts from sports company liquidation Central Western Daily Read the original article here
Devon motor dealer closes suddenly as it faces liquidation – Devon Live
Devon motor dealer closes suddenly as it faces liquidation Devon Live Read the original article here
Insolvency risk on the rise – Global Directors’ and Officers’ Survey 2024
Since the pandemic, during which insolvency rates were low due to government measures, there has been a considerable rise in insolvencies in the UK and many other jurisdictions. High interest rates have significantly increased the cost of borrowing and many companies are saddled with mountains of debt that was taken out in better times and…
IBBI extends deadline for liquidation form submissions, ET LegalWorld
The Insolvency Bankruptcy Board of India has released a circular on the extension of time for filing Forms to monitor liquidation and voluntary liquidation processes under the Insolvency and Bankruptcy Code, 2016. The board has decided to extend the last date of submission of the liquidation and voluntary liquidation forms till December 31, 2024. Further…
Director of Birmingham fireworks retailer jailed after forging documents to pocket Covid loan and company funds – Insider Media
Director of Birmingham fireworks retailer jailed after forging documents to pocket Covid loan and company funds Insider Media Read the original article here
European car company winding up in Azerbaijan
BAKU, Azerbaijan, December 3. The European Cars LLC has announced its liquidation in Azerbaijan, Trend reports via the ‘Vergilar’ media outlet of the State Tax Service under the nation’s Ministry of Economy. The source notes that, in a merger with Dream Auto LLC, the company is being liquidated. To note, the European Cars was registered…
visa chaos blamed as Australian college goes into administration
One of Australia’s most established private colleges has been placed under external administration, making it potentially the biggest institutional victim of the federal government’s international education crackdown. International House (IH), a 27-year-old college registered to teach around 10,000 overseas students, is under voluntary administration despite avoiding enrolment caps that would have limited it to less…
Solar company owes employees $1m but business trades on – The Australian
Solar company owes employees $1m but business trades on The Australian Read the original article here
Shareholder responsibilities in bankruptcies under new Company Law
The new Company Law, effective from 1 July 2024, has significantly impacted commercial entities, with shareholder responsibilities regarding capital contributions capturing the most attention. This article examines the duties of shareholders in companies that have entered bankruptcy liquidation or reorganisation under the new law, clarifying the boundaries of their responsibilities. Capital contribution responsibilities Kong Yiding…
Gloriavale Christian Community's honey operation in liquidation – BusinessDesk
Gloriavale Christian Community’s honey operation in liquidation BusinessDesk Read the original article here