Category Archives: Liquidation

Five more Laura Ashley stores to close as voluntary administration continues – SmartCompany.com.au

Training provider collapses into voluntary administration as concerns over vocational education system grow – SmartCompany.com.au

Several large vocational education and training providers have collapsed into voluntary administration after their parent company appointed external administrators earlier this week. Global Intellectual Holdings Pty Ltd entered voluntary administration on Tuesday, with Richard Albarran, Blair Pleash and Shahin Hussain from Hall and Chadwick appointed as external managers. Global Intellectual Holdings is the company behind…

Insolvency, Restructuring Feared to Undermine Banks’ Soundness – BusinessKorea

Corporate restructuring was the main culprit behind a drop of 40 percent in Korean banks business performances last year. Financial regulators explained that bad account cost from the restructuring of shipbuilders such as STX Shipbuilding weakened banks profitability last year. Last year, Korean banks posted 3.5 trillion won in net income, a drop of 42.6…

BRIEF-Koumbas Group approves dissolution and liquidation of company – Reuters

Feb 19 Koumbas Synergy Group : * Approves dissolution and liquidation of company Source text: bit.ly/1Vs4AlL Further company coverage: (Gdynia Newsroom) Read the full article at: http://www.reuters.com/article/idUSFWN15Y038

Liquidation sales begin at three Sports Authority stores set to close – FOX31 Denver

Please enable Javascript to watch this video DENVER — It’s the end of an era as three Sports Authority stores in the Denver metro area will be closing as the Englewood-based company battles money issues. Besides the flagship location at the famed Sports Castle at 1000 Broadway, Sports Authority will close stores at 9000 E.…

Insolvency, Restructuring Feared to Undermine Banks’ Soundness – BusinessKorea

Corporate restructuring was the main culprit behind a drop of 40 percent in Korean banks business performances last year. Financial regulators explained that bad account cost from the restructuring of shipbuilders such as STX Shipbuilding weakened banks profitability last year. Last year, Korean banks posted 3.5 trillion won in net income, a drop of 42.6…

German Pellets threatened with liquidation – EUWID Wood Products and Panels

18.02.2016   After a first review the insolvency administrator of German Pellets GmbH has come to the conclusion that no significant financial means are currently on hand with the aid of which the resumption of parts of the previous business operations could be financed. The stocks of finished goods, whose sale could generate liquidity, are…

Hundreds of SMEs left in the lurch after website developer enters liquidation – SmartCompany.com.au

Hundreds of small business owners have been left without access to their websites after the collapse of a Queensland website development company. Graphics Online, which is based on the Gold Coast, appointed liquidators from Worrells Solvency & Forensic Accountants earlier this month. The business has ceased trading but liquidators have since written to its former…

Solicitor/Senior Solicitor (Corporate, Edinburgh) Morton Fraser – Scottish Legal News

Morton Fraser is a thriving, top ten Scottish law firm, delivering clear advice to businesses, the public sector, families and individuals. We believe in open lines of straightforward communication, and that the best relationships are built on clarity, trust and understanding. Our clear and straight talking approach coupled with care and attention to detail are…

All you need to know about the Insolvency and Bankruptcy Code 2015 – PaGaLGuY

The Insolvency and Bankruptcy Code Bill 2015 can be important for your upcoming exams. It was introduced by Union Finance Minster Arun Jaitley in the Lok Sabha in December 2015. In this article, we will take a thorough look at this bill, its significance, advantages and disadvantages, and its impact on the nature of corporate…