The liquidation of the firms assets means the company will now be dissolved and the money will be used to pay back BHSs creditors. As previously reported by Drapers, unsecured creditors to SHB Realisations, formerly BHS Limited, could receive between 2p and 8p in the pound. Non-preferential creditors are owed £48.5m and BHS administrator Duff…
BHS has been placed into liquidation following pressure from the Pension Protection Fund, which had argued that shutting down the retailer offered the best option for funding the retirement of former employees. The PPF, a government-backed lifeboat for troubled pension schemes, is the companys biggest creditor and had rowed with BHSs joint administrator, Duff &…
The move brings the retailer one step closer to providing a final payment to creditors Stricken retail chain BHS has been placed into liquidation, bringing it closer to offering a final payment to its creditors. It marks the latest chapter in the firm’s sorry saga, which has been dominated by a dispute between former BHS…
The move brings the retailer one step closer to providing a final payment to creditors Stricken retail chain BHS has entered liquidation after collapsing into administration in April this year. The move brings the retailer one step closer to providing a final payment to creditors, by allowing it to hand back the leases it holds…
British retail chain BHS has officially entered liquidation, after falling into administration earlier in the year. The news marks the official end of the iconic company’s 88-year history in the UK. While a company, or parts of a company, can still be bought and saved from administration, the liquidation of assets means the firm will…
A commodity trading company, Finatrade, is said to have begun series of job cuts in anticipation of an eventual liquidation as the company is soaked in more than GH¢1 billion debt that is threatening the survival of some banks in the country. The company, which is arguably the biggest commodity trading company in the…
Nov 29 Antrim Energy Inc * Announces 2016 third quarter results * Board has concluded that it is in best interest of shareholders, corp to proceed with voluntary liquidation and dissolution of corporation * Itis anticipated that formal dissolution and winding up of corporation and its subsidiaries will occur in early 2017 * Board retains…
Image Credits: Gallo Images Startling claims that Western Province Rugby Union (WPRU) is faking liquidation of its PTY arm have come to light in recent weeks. The union was granted provisional liquidation by the courts last week, but a company on its creditors has since claimed that there are ulterior motives to this move. Aerios…
A SPORTSWEAR company launched by England and Sussex cricket legend James Kirtley looks set to go bust. Kirtley set up MKK Sports Limited more than ten years ago with three business partners supplying sports clubs throughout the country with kits. High profile clients included Sussex and Middlesex County Cricket Clubs (CCC). But a creditors’ meeting…
Restructuring & Insolvency 2017: Analysis The collaboration between Whos Who Legal and Global Restructuring Review has again generated extensive research into restructuring and insolvency legal markets around the world. All told, we list 570 lawyers this year from 47 jurisdictions. Thought Leaders Europe Rita Gismondi Gianni Origoni Grippo Cappelli & Partners, Rome…