Company lawyer tells bankruptcy judge that retailer will not reorganize but will instead pursue full sale Sports Authority won’t come out of bankruptcy as an independent company and instead wants to sell off all its holdings. “It has become apparent that the debtors will not reorganize under a plan but instead will pursue a sale,”…
Michael Garnham is accused of not paying the company’s tax. A company closely tied to a former Abel Tasman beach owner has been put into liquidation. The Inland Revenue Department (IRD) applied to put Sams Bay Holdings into liquidation in March 2015, seeking to recover more than $250,000. This year, a new application was filed…
Dominic Chappell transferred cash into BHS Sweden after news at meeting Swedish company has no links to BHS and not listed with Companies House Board noticed and demanded he return cash to the business, which he did Sum was £50,000 short – which he claimed was cost of converting currency By James Dunn For Mailonline…
Australian fashion designer Johanna Johnsons label has been placed into liquidation today after going into voluntary administration last week. The business, which has dressed the likes of Madonna, Christina Hendricks and Australia foreign minister Julie Bishop, owes the Australian Tax Office (ATO) more than $1 million, which includes $300,000 in superannuation charges the company failed…
Furious brides have lashed out at celebrity fashion designer Johanna Johnson, after discovering they could lose their wedding gowns when the business was placed into liquidation. Key points: Johanna Johnson fashion label liquidated Company owes $1.1m to tax office, thousands to creditors Multiple brides fear they will not receive dresses before weddings The…
Desert Rug Co. is about to roll up and roll out. The Persian rug retailer will could close by the end of May after 12 years of business in State College, according to manager Amin Rahnama. The shop was opened in 2004 by Masood Arjmand, who was a long-time Penn State professor and businessman. He…
Updated April 26, 2016 2:34 p.m. ET Sports Authority has abandoned hope of reorganizing and exiting bankruptcy and instead will count on buyers to save parts of its sprawling retail chain, company lawyer Robert Klyman told a judge Tuesday. It has become apparent that the debtors will not reorganize under a plan but instead will…
Video will begin in 5 seconds. More video Recommended Replay video Facebook leads disruption of traditional media Fund manager Will Low sees clear winners and losers in disrupted industries. PT0M41S 620 349 ASX-listed video streaming pioneer Quickflix has called in a voluntary administrator after a restructure and cost cutting failed to save it from increased…
Robert Charles The Mutton Birds perform at Sentry Hill during the 2012 Cassic Hits Winery Tour. A Taranaki fruit winery has been placed into liquidation. In the High Court at New Plymouth on Tuesday, an order was made to liquidate Sentry Hill Winery (2006) Ltd due to an unpaid debt of $130,000 owed to New Zealand Customs. According…
Garrard claims that the Company ‘became the largest licensed electronics distributor in Australia’ and that “her” Company will continue to trade, and that she has every intention of fulfilling all existing orders. She has not said whether she has the ongoing financial capacity to fund the placing of further orders with overseas manufacturers. Documents lodged…