Category Archives: Liquidation

Defense Technologies Finalizes Debt Consolidation and Provides an Update on Production Funding – Yahoo Finance

LAS VEGAS, Aug. 04, 2016 (GLOBE NEWSWIRE) — Defense Technologies International Corp (DTII) (The Company), a developer of Security and Defense Technologies, announces the completion of debt restructuring and consolidation in preparations to move towards production. On August 01, 2016, the Company closed agreements to buy-out and restructure the third convertible note holder (St. Georges of…

Liquidation for Bahrain-owned smelter dross company – Radio New Zealand

A company connected with Tiwai Point aluminium smelter has gone into liquidation. Tiwai Point Photo: Wiki Commons Taha Asia Pacific had a contract with New Zealand Aluminium Smelters to take dross syphoned off from the main smelting operation. It would then re-process it to extract more aluminium for recycling at the main plant. The company…

SC denies Prudentialife appeal vs liquidation – Philippine Star

MANILA, Philippines Payment of claims of shuttered Prudentialife Plans Inc. will continue after the Insurance Commission (IC) scored a win against the company at the Supreme Court four years after it was put under receivership. “The Court resolves to deny the petition for failure of petitioners to sufficiently show that the Court of Appeals committed…

DBS provides Swiber bridging loan before its liquidation filing – The Star Online

SINGAPORE: Singapores largest bank was supporting Swiber Holdings Ltd until just before the troubled oil services company said it was unable to pay its debts. DBS Group Holdings Ltd provided a bridging loan to Singapore-based Swiber shortly before it filed for liquidation, the bank said in an e-mail late Tuesday. At the time, Swiber was…

Don’t write off debts: Know your options when a company goes into receivership, administration or liquidation – SmartCompany.com.au

The recent news that Eagle Boys Pizza has gone into voluntary administration, owing millions of dollars to creditors, is enough to make any business owner nervous. In business, were always in the position where others owe us money so what would you do if one of these people or businesses suddenly went bust? Would you…

Embracing risk and using mistakes to light the way – Newcastle Herald

INNOVATIVE: Changes to insolvency laws could make way for “turnaround management” of companies in distress, impacting the rate of corporate failure. IT seems the government is serious about trying to transform our economy with its National Innovation and Science Agenda.  Innovation is an important element of any business, and can be a key differentiator between market leaders and…

Waratah Engineering placed in voluntary administration – Newcastle Herald

Mining woes: Waratah Engineering has been placed in administration but there are hopes it will be sold in the near future.  TWO people have lost their jobs at an Argenton mining machine company that has been placed in administration almost seven years to the day after it last hit turbulence.  Local insolvency specialists Rapsey Griffiths…

Law firm credits staying power to client focus – Lawyers Weekly

02 August 2016      Melissa Coade View Comments Dedication to client excellence has been identified by the managing partner of Rostron Carlyle Lawyers as critical to enduring business success. …

Swiber opts for judicial management rather than liquidation – OSJ Magazine

Swiber now says it plans to try to restructure whilst under judicial management Swiber Holdings, which announced last week that it planned to go into liquidation, now says it plans to try to restructure the business following talks with the companys major financial creditor. In a statement, Swiber Holdings said that rather than go for liquidation…

Infracon liquidation ends with all debts paid | Stuff.co.nz – Stuff.co.nz

The liquidation of council-owned roading construction company Infracon has ended, with the millions of dollars of debts the business left on its collapse all paid. Infracon was placed into liquidation in August 2014 by its two owners, Tararua and Hawke’s Bay district councils, then quickly purchased by Manawatu roading firm Higgins – which has since been sold to Australian company Fletcher Building –…