Image copyright Getty Images Debenhams has appointed a firm to draw up contingency plans for a possible liquidation of the department store. The company, which is in administration, has hired Hilco Capital, a firm that specialises in winding up struggling retailers. Debenhams said it was “trading strongly” and Hilco’s appointment did not mean a liquidation…
August 14, 2020 17:05 ET | Source: Blue Capital Reinsurance Holdings HAMILTON, Bermuda, Aug. 14, 2020 (GLOBE NEWSWIRE) — Blue Capital Reinsurance Holdings Ltd. (in liquidation) (OTC:BCRHF) (the “Company”), a Bermuda holding company, today announced the notification of an aggregate catastrophe loss related to 2017 catastrophe events. The Company, through its operating subsidiaries, previously offered…
LIQUIDATION documents of the company trading as The Edge Bar and Restaurant, which previously operated from Rockhamptons riverbank, have revealed the company may have been doomed from the beginning as it immediately traded at a loss. The liquidation has blown out to more than $2.5 million with a meeting of creditors to be held next…
Published 11 August 2020 Tim Cooper Corporate insolvencies may increase this winter, with new research from the insolvency and restructuring trade body R3indicating that a steep rise may start as early as this October. The R3 research based on a member survey of insolvency and restructuring professionals highlights that an overwhelming majority (93.7 per cent)…
news, local-news, The landowner of a $21 million Wagga development has gone into voluntary administration, with the ramifications for the future 17-storey complex not yet known. CRK Holdings owns the land for the Riverside Apartments at 11 Sturt Street, set to house 67 residential units and three commercial spaces when built. In a statement, Chamberlains…
Iconic Aussie swimwear brand Seafolly has purchased rival brand JETS in a strategic move to help lift both companies out of voluntary administration. Seafolly collapsed into receivership in late June, before it was sold to American-owned private equity company L Catterton by administrators KordaMentha. JETS swimwear suffered a similar fate in May, when its parent…
The companys sole director, Stuart Abbott, is a prominent member of the Baptist church community and serves on the board of BaptistCare. Stuart Abbott, a board member of BaptistCare. His company Clifford Constructions has gone bust leaving a string of angry creditors in its wake. Clifford Constructions sole shareholder is Abbott Corporation Pty Ltd, a…
A home loans company that previously operated in Townsville is being liquidated with creditors expected to be paid in full. Platinum Business Services Pty Ltd, trading as Townsville Home Loans, was placed in liquidation in May through a creditor’s voluntary winding up application. Liquidators in the central Queensland division of Worrells Solvency & Forensic Accountants…
A home loans company that previously operated in Townsville is being liquidated with creditors expected to be paid in full. Platinum Business Services Pty Ltd, trading as Townsville Home Loans, was placed in liquidation in May through a creditor’s voluntary winding up application. Liquidators in the central Queensland division of Worrells Solvency & Forensic Accountants…
The Dalgaranga process plant. Source: Gascoyne Resources Latest News The Federal Court of Australia has launched proceedings on Gascoyne Resources plan to be relisted on the Australian Securities Exchange. This follows Habrok Mining, a Western Australia-based investment company, putting forward an unsuccessful deed of company arrangement (DOCA) proposal for Gascoyne, before purchasing unsecured debt of…