The administrators of the Allphones Group have revealed that 34 of the group’s stores have been closed, while 50 will continue to trade during the administration process. The mobile phone retail group went into voluntary administration on 6 February, with ARN reporting that at least 18 of its stores around the country will close up…
Doors closed at Holden dealer CLOSED: This is the sight of Broderick Motors Holden, on the corner of Clarinda and Mitchell streets, on Thursday afternoon. CLOSED: This is the sight of Broderick Motors Holden, on the corner of Clarinda and Mitchell streets, on Thursday afternoon. CLOSED: This is the sight of Broderick Motors Holden, on…
London-based rag trader Malcolm Webster has sold his Darling Point terrace ahead of this weekends scheduled auction, bringing an end to his extensive home real estate holdings in Sydney. The sell-off comes after a decision earlier this year to place his high-profile brands David Lawrence and Marcs into voluntary administration, with debts of almost $30 million.…
MAARTEN HOLL/FAIRFAX NZ Shaan Stevens was sentenced to home detention in 2011. The charges were not related to Sir Ngatata Love’s case, in which he appeared as a witness. A bid to liquidate a company tied to Sir Ngatata Love’s fraud conviction has been postponed because Inland Revenue (IRD) cannot locate its director. In late…
HARVARD, Ill., April 4, 2017 /PRNewswire/ — Harvard Illinois Bancorp, Inc. (the “Company”) announced today its audited statement of net assets in liquidation, as of December 31, 2016, and its change in basis of accounting, effective as of November 3, 2016. The change in basis of accounting requires the Company to record certain estimated costs which…
UPDATE, 7.55PM: RABBIT Hole, Dirty Martinis and Movidas have all been closed until further notice. “The Rabbit Hole is closed until further notice,” their Facebook page read at 7pm. “Dirty Martinis is closed until further notice,” Dirty Martini’s page had announced an hour earlier. “Movidas is closed until further notice,” that page read at 7.30pm.…
It’s incredibly cliched, I know, but in Australia right now, it’s true: the rich are getting richer, and the poor well, you know the rest. We’re talking credit card debt, and mortgage repayments. But those bills are becoming harder and harder to meet as the price of gas and electricity rises, and wages continue…
Audited Statements of Net Assets in Liquidation and Changes in Net Assets in Liquidation. At December 31, 2016, the Company reported audited total assets in liquidation, total liabilities in liquidation, and net assets in liquidation of $14.6 million, $3.1 million and $11.5 million, respectively. Assets in liquidation at December 31, 2016 included the $8.1 million…
Rebecca McDonald / 05 April 2017 A creditors meeting is expected to finally decide the fate of failed builder Watersun Homes, after hundreds of home builders were told they would have to find someone else to complete their works. Hundreds of home construction projects, including a number in Torquay, Clifton Springs and Werribee, ground to…
Madhusudan Sahoo is the chairman of the Insolvency and Bankruptcy Board of India (IBBI) which will facilitate faster resolution of stressed assets in the country through the implementation of the Insolvency and Bankruptcy Code. He has worn regulators hat at the Competition Commission of India (CCI) and the Securities and Exchange Board of India (Sebi).…