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Category Archives: Liquidation

Government considering selling off reality developer’s assets to finish stalled projects – Economic Times

LiquidationBy Insolvency GuardianAugust 14, 2017

NEW DELHI: The government is exploring ways of resolving a long-brewing real estate crisis that’s left home buyers in the lurch as developers have struggled to complete projects. With many of these delayed for up to five years and more, one of the proposals under consideration is raising money to finish stalled buildings by selling…

More than 100 jobs lost as large Welsh construction firm goes bust – WalesOnline

LiquidationBy Insolvency GuardianAugust 14, 2017

A large construction firm has gone into liquidation with the loss of 102 jobs. Contract Services (South Wales) Limited has traded in Port Talbot and Caerphilly for 21 years. But it faced unexpected cash flow pressures earlier this year and has now ceased trading. Business rescue and recovery specialists Begbies Traynor are now taking the…

Contract Services: 102 jobs to go as building firm folds – BBC News

LiquidationBy Insolvency GuardianAugust 14, 2017

Image copyright Google Image caption Contract Services has blamed ‘unexpected cash flow’ problems A south Wales building and maintenance firm has called in liquidators with the loss of 102 jobs. Contract Services (South Wales) Ltd has operated from Port Talbot and Caerphilly for the last 21 years. It ceased trading on 11 August, and called…

Creditor trying to force Dynamic airline into liquidation – Winston-Salem Journal

LiquidationBy Insolvency GuardianAugust 14, 2017

A top unsecured creditor of bankrupt Dynamic International Airways LLC is attempting to force the High Point charter airline into liquidating its assets. The bare-bones filing in U.S. Bankruptcy Court for the Middle District of N.C. came about seven weeks after Dynamic lost a legal fight in U.S. District Court for the Middle District. Since…

NCLT’s maiden orders: 2 firms asked to wind up – Economic Times

LiquidationBy Insolvency GuardianAugust 13, 2017

The National Company Law Tribunal has created history under the new Insolvency and Bankruptcy Code it last week ordered winding up of two companies – VNR Infrastructures and Bhupen Electronic – after the borrowers and lenders failed to come up with a plan to revive operations. These companies, though small, set a precedent that the…

Headed for financial trouble? Spotting the warning signs could make all the difference – DynamicBusiness

LiquidationBy Insolvency GuardianAugust 13, 2017

Business insolvency is a very real risk for many small businesses but countless business owners are not spotting warning signs early enough. The reality is that around 60% of businesses dont make it past the first three years, which is why business owners should seek help early on to ensure their financial health. But first,…

What if your builder becomes insolvent? Road ahead for Jaypee buyers – Economic Times

LiquidationBy Insolvency GuardianAugust 12, 2017

Home buyers of Jaypee infratech are facing an unprecedented situation: it is the first housing company that has entered insolvency proceedings. Complications are little when it comes to insolvency of, say, a steel company. But the case of real estate company which is in the middle of constructing homes becomes challenging, especially for buyers. That’s…

“Living in a nightmare”: community collapse leaves families broke – Northern Star

LiquidationBy Insolvency GuardianAugust 11, 2017

A COLLAPSED shared-living community at Mt Burrell serves as a warning to potential investors of alternative housing schemes. With its court-ordered dismantling this week, the Bhula Bhula Intentional Community has left in its wake at least 20 financially ruined investors and a litany of complex legal clashes. The NSW Land and Environmental Court ordered the…

Profit guidance is no silver bullet for investors – The Australian Financial Review

LiquidationBy Insolvency GuardianAugust 11, 2017

To guide, or not to guide that is the question. One week into the 2017 profit reporting season and this old chestnut about whether companies should provide earnings guidance is, with apologies to William Shakespeare, firmly back on the agenda. Lukewarm guidance issued this week by top performing retailer Nick Scali prompted a near 10…

WB govt to seek 6 mths time from banks to repay a loan taken – Outlook India

LiquidationBy Insolvency GuardianAugust 11, 2017

during Left rule (Eds: Recasting story) Kolkata, Aug 11 The Trinamool Congress-led West Bengal government has sought six months’ time from nine banks to repay the principal amount of a loan taken during the Left front rule over a decade ago for supplying iron ore to a China-based company. “We will only be able to…

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…1,6651,6661,6671,6681,669…
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