16 January 2017 Garth Corbitt, Maritimo CEO. Boat builder uses voluntary administration for pre-float housekeeping. The manufacturing arm of Queensland boat builder Maritimo went into and out of voluntary administration towards the end of last year, a move which the company says was part of an internal restructure in preparation for a future stock market…
THE COMPANY behind a claim over Rangers and the liquidated club plc’s £16 million cash pot is itself being wound up. Investment firm Worthington Group PLC was accused of stymying the process of reimbursing businesses that were owed money by the former Rangers company – which ranged from giants such as Coca-Cola to a picture framer in…
Photo: iStock Industrial, mining and resources manufacturing company Ozcon Industries has temporarily closed its business after been placed in voluntary liquidation last week. The pipe and bore casing supplier, based on the Darling Downs at Dalby, Queensland. announced at 10.30 am on Thursday it was shut for business, according to a recorded message on Ozcons head office…
THE COMPANY behind a claim over Rangers and the liquidated club plc’s £16 million cash pot is itself being wound up. Investment firm Worthington Group PLC was accused of stymying the process of reimbursing businesses that were owed money by the former Rangers company – which ranged from giants such as Coca-Cola to a picture framer in…
Delay in payment of debts was yesterday suggested to help people who are indebted to banks and non-banks and are heavily affected by the devastating floodings that hit 12 southern provinces currently. The suggestion came from the National Credit Bureau amid growing concern that many bank and non-bank clients could default payments and could be…
Industrial, mining and resources manufacturing company Ozcon Industries has temporarily closed its business after been placed in voluntary liquidation last week. The Dalby-based pipe and bore casing supplier announced at 10.30 am on Thursday it was shut for business, according to a recorded message on Ozcons head office phone line. It will mean the loss…
Clive Palmer claims council workers have illegally culled his deer. Picture: Kym Smith CLIVE Palmer has threatened a return to politics in a bizarre series of social media posts alleging council workers illegally killed his deer and sold the meat to local restaurants. In a Facebook post on Saturday, the former Palmer United Party leader…
UPDATE 5PM: BY the end of the week, administrators expect to have a firmer grasp on the assets, jobs and debts tied up in the CQ Leagues Club. Worrells Solvency and Forensic Accountants were appointed administrators of the troubled club yesterday and issued a statement before noon. One of the administrators, Paul Nogueira, spoke with…
A FORMER employee of a bakery chain which has closed its Westbury branch claims workers have not been paid wages from the past five weeks after the company was placed into liquidation. Bristol-based Parsons Bakery was set to take over nine of the 11 Bath Bakery branches on Friday but the deal fell through after…
Kolkata, Jan 13: The insolvency and bankruptcy code is aimed at creating alertness and more vigilant debtors and creditors. It does not, however, intend to address the issue of corporate fraud or create a fear in promoters, MS Sahoo, Chairperson, Insolvency and Bankruptcy Board of India, said. Under the new bankruptcy code which received the…