ANDREW GORRIE/FAIRFAX NZ One of Terry Serepisos’ former companies has been wound up, leaving debts of $38 million. A company owned by former property tycoon Terry Sereispos is being wound up, with a shortfall of more than $38 million. Receivers have released the final report for Century City Ventures, which shows the company still owes more than $38m…
GOVERNMENT CHIEF WHIP Regina Doherty has defended her decision to liquidate a company in 2013. Doherty was a director along with her husband Declan of Enhanced Solutions Ltd, a company which bought and sold IT components until it went to the wall in 2009. However, it was not liquidated until 2013. The liquidators report shows…
WASILLA The Wasilla Sports Authority store will be closed by the fall if not earlier as part of a bankruptcy liquidation process the struggling national retailer entered into this week for its remaining 300 outlets. Once the nation’s largest sporting goods retailer, Colorado-based Sports Authority filed for Chapter 11 bankruptcy protection in early March with…
The MD of the Antique Wine Company has said the firm is set to enter liquidation after efforts to revitalise its finances have failed. Antique Wine Co (AWC) has been left in an untenable position following a drop-off in Bordeaux trading and in the aftermath of a failed lawsuit against the group over alleged fake…
Shirtmaker Nicholas Jermyn has been placed under voluntary administration, with PWC appointed administrators. Two stores will close but the company is assuring customers that it remains open for business. Shirts The Willis Street store in Wellington and Botany Town Centre store in Auckland will be closing but the directors say all their other stores remain…
Michael King, WXIA 2:03 AM. GMT May 19, 2016 MIAMI, FL – MARCH 02: A Sports Authority store is seen as the company files for Chapter 11 bankrupty on March 2, 2016 in Miami, Florida. The chain of stores owned by private equity firm Leonard Green & Partners will seek to sell or close about…
The Insolvency and Bankruptcy Code, 2016 In 1999, the Justice Eradi Committee, in its report, had identified 473 winding-up cases that were pending for more than 25 years. The analysis of companies under liquidation as on October 31, 2015, furnished by the Department of Financial Services indicates that there were 1,479 pending winding-up cases for…
Kristin Lammerting was a director of a liquidated company that owes more than $1.7 million to 100 companies. A Northland business liquidated after it ran into financial difficulties owes nearly 100 companies throughout the country more than $1.7 million. The largest amount owed by Kerikeri-based LIG Lammerting Business Investment Group NZ, which traded as Palmco,…
A training and skills development business set up by a former professional soccer player has collapsed into voluntary administration. Mr Soccer Pty Ltd called in voluntary administrators late last week. Frank Lo Pilato, managing partner at RSM Canberra, has been appointed external manager. A creditors meeting is scheduled for 25 May in Canberra. Mr Soccer was set up…
Kentucky insurance commissioner Brian Maynard filed a lawsuit Saturday in Franklin Circuit Court against the company tapped to process and pay claims for the liquidated Kentucky Health Cooperative, surfkynews.com reported. Maynards suit asserted that CGI Technologies and Solutions, Inc. was grossly negligent in processing and paying claims. The suit also argued that the company breached…