Kerry Katona has just signed a multi-million-pound business deal after completely turning her life around after being declared bankrupt.
The former Atomic Kitten star, 40, couldnt be any prouder of how far she has come in recent years, and her new role as Creative Adviser of Thrillz a leading celebrity engagement platform.
The singer-turned-reality TV …
Read the full article at: https://www.mirror.co.uk/3am/celebrity-news/kerry-katona-signs-multi-million-24876526
When police executed a search warrant at the Brighton home on April 16, they say, they found steam cleaners, as well as bottles of ammonia and bleach.
Senior Detective Stewart told the court police believed there was a high probability that Mr Newman knew the location of Ms Hamkas remains.
I dont have any direct evidence in so far as that he knows, but there is a high degree of probability, I submit, that his attendance at that house on the days, for the duration, that he does know.
The court heard the pair had been close associates for about a year, and Mr Loughnane used to work with Mr Newmans brother.
In relation to their relationship, I would allege and will be alleging in the brief of evidence that there is a debt owed to Mr Lough…
Read the full article at: https://www.theage.com.au/national/victoria/second-man-arrested-over-alleged-murder-victim-s-disappearance-20210901-p58nro.html
Dzulfiqar Fathur Rahman (The Jakarta Post)
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Jakarta Wed, September 1, 2021
The Indonesian Employers Association (APINDO) is in talks with the government and the Financial Services Authority (OJK) to propose a three-year extension for debt postponement petition (PKPU) and bankruptcy lawsuits as well as the loan restructuring program, as some businesses may need more time to recover.
APINDO chairman Hariyadi Sukamdani said the business group had discussed the plan with the Legal Administration Directorate General of the Law and Human Rights Ministry, hoping for a government regulation on such a moratorium as soon as possible.
The pandemic has a huge potential to cause probl…
Read the full article at: http://www.thejakartapost.com/news/2021/09/01/apindo-seeks-extension-of-loan-restructuring-program-moratorium-on-bankruptcy-petitions.html
By Michael Reid, managing partner, Meston Reid & Co
THEREs been a great deal of talk in recent months around the various options open to any business looking to deal with creditor pressure now that trading activity is resuming always assuming that it can meantime source both product and staff.
Ive taken the view that over-stretching the business/personal cash flow programme is unlikely to prove fruitful in securing survival, so care needs to be taken to manage cash resources in order to plot a return to overall solvency in the long term.
In June of this year, Kwasi Kwarteng MP wrote to the insolvency trade body R3 in his capacity as Secretary of State for Business, Energy and Industrial Strategy because R3 had asked him to provide comf…
Read the full article at: https://scottishbusinessnews.net/hmrc-standing-in-line-for-payment-like-everyone-else/
The Mumbai bench of the National Company Law Tribunal (NCLT) has admitted a personal insolvency petition against Videocon promoter Venugopal Dhoot just a day after the Ministry of Corporate Affairs (MCA) received permission to freeze his assets.
In a virtual hearing on Wednesday personal insolvency proceedings against Venugopal Dhoot were admitted and allowed.
Asish Narayan has been appointed as the resolution professional (RP) in the case by a division bench led by judicial member Suchitra Kanuparthi and a technical member Chandra Bhan Singh. The next date of hearing is 20 September.
Lenders to Videocon had filed the personal insolvency petition to attach Dhoot’s assets a year ago and its admission now means recovery process will go on f…
Read the full article at: https://economictimes.indiatimes.com/news/company/corporate-trends/nclt-allows-initiation-of-personal-insolvency-against-venugopal-dhoot/articleshow/85832511.cms
Connecticut lawmakers gave the green light to sports betting earlier this year but its still an open question as to whether all the necessary rules and regulations will be in place when the NFL season kicks off between the Dallas Cowboys and the Tom Brady-led Tampa Bay Buccaneers Sept. 9.
Critical questions about how sports betting actually will work and when people will be able to place their bets in person or online remain unsettled, with a key meeting of state regulators scheduled for today.
Heres what we know:
The legislation Gov. Ned Lamont signed into law May 27 legalized sports betting and online gambling, greatly expanding gambling to tablets, phones and laptops. The law also authorizes the Connecticut L…
Read the full article at: https://www.courant.com/politics/hc-biz-sports-betting-regulations-20210831-rsn322pbn5ggbe37xnbzz2y3ve-story.html
The measures take into account the group’s site-related set-up, its new strategy and the current strained balance sheet situation. The board of directors and group management intend to concentrate production at the Sulgen site by the end of 2023. The headquarters and administration will remain in Hochdorf. The proceeds from the planned sale of the land and building in Hochdorf will relieve the balance sheet.
In recent quarters, Hochdorf said it has succeeded in stabilizing its operating business and selling or closing some assets of the business. Nevertheless, the group continues to suffer from an excessive debt burden of approximately CHF 100m/$109.4m (excluding hybrid bond of CHF 125m/$136.8m), which is attributable to the forward st…
Read the full article at: https://www.dairyreporter.com/Article/2021/08/31/Hochdorf-announces-restructuring-program
kikki.K has collapsed for the second time in two years, after it was acquired by Texas-based retailer, Erin Condren, in June 2020.
The stationery company, which was founded in Melbourne in 2001 by Kristina Karlsson and Paul Lacy, entered voluntary administration again after its recent sale to Texas-based Erin Condren Designs (EC).
kikki.K first entered voluntary administration in March 2020, owing $20 million to creditors.While it was sold in June 2020, the retailer has been unable to withstand the massive impact of ongoing lockdowns in Australia, Singapore and New Zealand.
Its been a massive battle for business survival in recent months, said CEO Paul Lacy in a statement. Weve taken numerous urgent steps to find a way through but …
Read the full article at: https://powerretail.com.au/news/breaking-kikki-k-enters-voluntary-administration-for-second-time-in-two-years/
MARTIN DE RUYTER/Stuff
Challenge Marine employees were surprised by the liquidators letter, but the signs of trouble were there, an employee said.
Employees of a marine company have been left without income or tools after the business went into liquidation at level 4 owing more than $3.8 million.
Around a dozen employees worked at Challenge Marine, a boat design and repair business at Port Nelson.
The company was registered in June 2018 by director James Olive, also known as Semisi Olive.
Olive hung up when Stuff phoned with questions.
READ MORE:
* Liquidator signals end of investigation into company’s $4m plus debt
* Court appearance sought for directors of insolvent marine company
* Liquidators take legal advice after Nelson Rel…
Read the full article at: https://www.stuff.co.nz/national/126225440/workers-left-high-and-dry-after-company-closes-its-doors
Stationery company kikki.K has gone into voluntary administration for the second time in 17 months.
“Today is a sad day. Writing this note together is a sad task and we still can’t quite believe it’s happening – again,” Ms Karlsson and Mr Lacy wrote to employees.
“It’s yet another tough moment in our amazing journey together and we understand and deeply regret that there will profound impacts for many of our amazing team members and our partners, suppliers and shareh…
Read the full article at: https://www.9news.com.au/national/kikkik-goes-into-administration-for-second-time/853d56a7-40fa-45bf-8a83-9e00f84d12ef
Tobi Soniyi
A Federal High Court in Lagos, has dismissed a bankruptcy petition filed against the former Managing Director of Staco Insurance PLC, Dr Sakiru Olanipekun Oyefeso. The court also awarded costs of N50,000, against the Insurance firm that wrote the petition against Oyefeso.
In its statement of facts, Staco Insurance had alleged that while in office, the Managing Director/Chief Executive Officer of the company, Dr Oyefeso obtained unauthorised loans in the name of the company and converted same. He was also accused making illegal expenditures to himself, his relatives and other third parties from the funds of the company.
The company said the alleged irregularities were discovered in the course of the forensic audit carrie…
Read the full article at: https://www.thisdaylive.com/index.php/2021/08/31/court-dismisses-bankruptcy-case-against-ex-staco-insurance-boss/
Mumbai, Aug 30: Aashit Shah, Partner, J Sagar Associates, has said that infrastructure regulators and Securities and Exchange Board of India (SEBI) would need to work in tandem for a successful insolvency resolution of an INvit which may involve a change in the sponsor, investment manager or trustee or transfer of an infrastructure asset.
In a statement, he said, Invits either acquire a project directly or acquire the shares of the project company. In the latter case, recourse to the IBC will be available where the lending is to the project company. However, in a situation where there is direct lending at the Invit for either acquisition funding, capital expenditure or promoter contribution, the lenders currently do not have reco…
Read the full article at: https://www.dailyexcelsior.com/infra-regulators-sebi-need-to-work-in-tandem-for-successful-insolvency-resolution-of-invit-aashit-shah/