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ARVA Transport and Logistics director Gus Arief. Image: ARVA Freight
Arva Investments, trading as Melbourne-based ARVA Transport and Logistics and ARVA Freight, has gone into liquidation with its creditors facing an uncertain future.
According to an ASIC notice published this week, at a general meeting of the company members on Wednesday, February 25, it was resolved that the company be wound up and that Glenn Crisp, from Jirsch Sutherland, be appointed liquidator(s).
Big Rigs has approached ARVA for comment. Its website, arvafreight.com.au, now has a ‘Website Undergoing Maintenance’ pop-up message.
ARVA was founded in 2008 by Agustinus ‘Gus’ Arief with just one…
If you’re struggling to make payments toward your unsecured debts, a debt settlement company like National Debt Relief can help.
The company boasts an average savings of 25% (after fees) for clients who complete a settlement program and has extensive positive reviews online. However, the debt settlement process has several potential pitfalls, and there may be other solutions better suited to your needs.
Business Insider’s Personal Finance team compared National Debt Relief to the best debt relief services and found it to be a strong offering, among the country’s largest and most highly rated debt relief services.
A Bristol-based debt recovery company which collected debts for businesses and individuals but failed to forward on all the money has been shut down.
Encore Capital Group Inc Ltd, which traded as Encore Debt Recovery, cold-called businesses and individuals offering to recover commercial and consumer debts in return for an up-front fee or a percentage payment.
In some instances, they falsely claimed to be regulated by the Financial Conduct Authority (FCA) – which they were not – and said they had been appointed by a court to make debt collections.
Encore was subject to a winding up hearing held at the High Court in London on 25th February 2025.
The apparent services offered by Encore included debt collection and…
Catalan independence politicians have succeeded in persauding central government to agree to cancel 17.1 billion euros of regional government debt in Catalonia. The move comes as part of continuing efforts by the minority Socialist-led national government to shore up its parliamentary support with the votes of Catalan nationalist parties.
The agreement has been presented by the finance ministry as a cancellation of part of the debt across all Spanish regions – 83.2 million euros in total – in order to “clean up their accounts and improve their financial position and access to [lending] markets”.
However the opposition Partido Popular (PP), which controls most regional governments in…
The National Company Law Appellate Tribunal (NCLAT), Chennai, on Thursday set aside the insolvency proceedings against Coffee Day Enterprises Ltd (CDEL), the parent company of Cafe Coffee Day.
In a regulatory filing, the company said, “…today the Hon’ble National Company Law Appellate Tribunal, Chennai, pronounced the order allowing the appeal filed by the Company and set aside the proceedings of Corporate Insolvency Resolution Process initiated against the Company as per the National Company Law Tribunal, Bangalore dated 08th August 2024.”
The National Company Law Appellate Tribunal (NCLAT), Chennai, on Thursday set aside the insolvency proceedings against Coffee Day Enterprises Ltd (CDEL), the parent company of Cafe Coffee Day.
In a regulatory filing, the company said, “…today the Hon’ble National Company Law Appellate Tribunal, Chennai, pronounced the order allowing the appeal filed by the Company and set aside the proceedings of Corporate Insolvency Resolution Process initiated against the Company as per the National Company Law Tribunal, Bangalore dated 08th August 2024.”
In 2024, the number of bankruptcies of companies in Japan amounted to around 10 thousand,reaching a decade high. The number of bankruptcies rose by 15.14 percent compared to the previous year. The total liabilities of the bankrupt companies amounted to over two trillion yen.
KATIE PRICE is flogging her notorious £140,000 Barbie pink Range Rover for just £5k amid her money woes.
The former glamour model, 46, who was declared bankrupt for a second time in March last year, had her Range Rover Sport appear online with a renowned car auctioneer.
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Katie Price’s famous pink Range Rover is up for saleCredit: @DTMathewsons/YouTube
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Katie was declared bankrupt for a second time last MarchCredit: Getty
And the motor has already clocked up bids before viewings take place.
Katie’s beloved motor was listed with Mathewsons, and sits on display at their Pickering auction house.
It has a guide price of between £5,000 and £6,000, despite the eyewatering six-figure sum she shelled out for it in 2005.
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About 350 jobs are expected to go across 26 stores as the Irish branch of fashion retailer New Look enters liquidation.
Impacted staff were notified after the High Court in Ireland approved the appointment of provisional liquidators last Thursday. New Look said further engagement is planned over the coming days.
The retailer is seeking to wind down its Irish operations following several years of “sustained losses and challenging market conditions”.
New Look employs a total of 347 people across its network in the Republic of Ireland.
The matter stems out from IDBI Trusteeship Limited (ITSL) filing the insolvency petition against CDEL in September 2023 claiming that the latter had defaulted on a payment of over ₹228 crore on four occasions between 2019 and 2020 related to a Debenture Trust Deed in 2019.
The NCLAT order admitting insolvency plea was put on hold after Malavika…
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