A homewares business that had been operating for just over 20 years has collapsed into liquidation. Earthborn Pty Ltd appointed external managers late last month, with David Stimpson and Terrence Rose from SV Partners appointed joint liquidators. Earthborn has more than 10 retail stores across Queensland, including in the Indooroopilly Shopping Centre, Westfield Clarindale and…
Shanghai Exactly a year ago, Premier Li Keqiang set out the case for difficult industrial overhauls. This is not nail-clipping, he warned, its like taking a knife to ones own flesh. The comments recalled his fearsome predecessor Zhu Rongji who eliminated 30 million jobs practically in one go in a clean-up of state enterprises in…
STACY/SQUIRES/FAIRFAX NZ. Kaizuka Eatery and Garden Bar was issued a full on-licence in March 2014 and operated on the licence for about six months before a visit from council licensing officers. Unsecured creditors will likely be left out of pocket after troubled Christchurch bar Kaizuka entered voluntary liquidation. Kaizuka Limited co-owner Dwayne Vaughan last w… Read the full article at: http://www.stuff.co.nz/business/77698738/Creditors-unlikely-to-be-paid-back-following-Kaizuka-bar-liquidation
This time last year shares in G4S were 300p, surpassing their level of 2012, the calamity year in which the firm failed to supply enough security guards to the London Olympics. Ashley Almanza, the chief executive recruited to bring order to the sprawling empire built by predecessor Nick Buckles, seemed to be halfway to success.…
Get an inside look at Wall Street with StreetInsider Premium. Get your 2-week free trial here Moody’s Investors Service, (Moody’s) has changed Abengoa S.A.’s (Nasdaq: ABGB) probability of default rating (PDR) to Ca-PD/LD from Ca-PD. Concurrently, the corporate family rating (CFR) of Abengoa S.A. (Abengoa), and the senior unsecured ratings at Abengoa, Abengoa Finance, S.A.U.…
Bank chiefs have launched a loan-restructuring scheme for indebted businesses where lenders work together to help firms to reduce their debt burden. The UAE Banking Federation (UBF) revealed the plan yesterday aimed at struggling small and medium-sized enterprises (SMEs). The move comes as progress on the countrys long-awaited insolvency law, which contains a similar framework…
In mythology, Cerberus was the multi-headed dog that guarded the underworld, whom Hercules subdued and brought into the daylight. It may not be a giant guard dog, but the US fund Cerberus Capital Management has grown to become a very big beast indeed in Irish affairs over the last two years. In that time, it…
The bankruptcy filing by a company that owns shuttered ethanol plants at Ravenna and York lists millions of dollars in debts to Nebraska companies and local governments that may not be repaid. Spanish company Abengoa S.A.’s U.S. subsidiary, Abengoa Bioenergy U.S. Holding LLC, filed for Chapter 11 bankruptcy last month. In bankruptcy documents, it lists…
An energy efficient home built by Horvath Homes. A large Hawke’s Bay building company behind major subdivisions in Napier is facing possible liquidation over unpaid taxes. Inland Revenue has filed an application in the High Court in Napier to liquidate Horvath Construction. A statement of claim filed by the department stated that the company had…
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