GJES London Ltd, an electrical contracting company, was incorporated in October 2011 and Grzegorz Marcin Jarnot (47), from Worcester Park, Surrey, became the sole director on the same day.
The company traded for over 7 years until GJES London went into Creditors voluntary liquidation in April 2019 as it was unable to pay its debts.
GJES Londons insolvency triggered an investigation by the Insolvency Service into Grzegorz Jarnots conduct as a director.
Investigators found that from November 2017 to April 2019 more than 952,000 had been paid into GJES Londons bank account, with almost 958,000 paid out.
Grzegorz Jarnot, however, failed to provide any accounting records to prove whether the bank deposits accounted for all GJES Londons …
Read the full article at: https://www.miragenews.com/unexplained-expenses-lands-electrician-with-7-year-ban/
We have only just overcome the liquidity phase of the crisis in countries that are now relaxing restrictions. In many others, the health crisis is still acute. And the epidemic could flare up again anywhere, the general manager, Agustin Carstens, of Bank for International Settlements (BIS) acknowledged in late June whilst discussing the Banks 2020 Annual Economic Report. Importantly, the shock to solvency is still to be fully felt. Business insolvencies and personal hardship may well increase.
There has been much optimism in recent months regarding the prospects of a global recovery from the coronavirus. The recent announcements of vaccines with high levels of efficacy from the likes of Pfizer and Moderna have certainly raised hopes of …
Read the full article at: https://internationalbanker.com/finance/are-we-on-the-cusp-of-a-global-solvency-crisis/
The National Council unanimously voted on a bill that will allow the SBM to collect debts from its customers. The purpose of Bill 1019 is to put an end to the legal exception of gambling debts with regard to casinos, regardless of the date of the debt and even if the debt was amassed with a subsidiary company of the gaming house.
The new bill will allow the Socit des Bains de Mer to act in order to obtain both repayment of faulty checks issued by a player in return for casino chips and for the reimbursement of any advances made by the group.
According to the National Council, the bill puts an end to any former uncertainty in the matter, and amends Article 1804, which did not allow for any action against players who did not pay their deb…
Read the full article at: https://www.hellomonaco.com/news/latest-news/new-law-gamblers-cannot-escape-their-casino-debts-in-monaco/
Washington, Jan. 10, 2021 (GLOBE NEWSWIRE) — As the U.S. Small Business Administration continues implementation of the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act, signed into law by President Trump on Dec. 27, 2020, SBA Administrator Jovita Carranza made the following statement in regards to Section 325:
Small business is big business in America, and this Administration will continue to extend a lifeline to small business owners during this critical time. Congress charged the SBA with making debt relief payments (principal, interest and fee payments) under Section 1112 of the CARES Act to help borrowers in SBAs 7(a), 504 and Mi…
Read the full article at: https://www.globenewswire.com/news-release/2021/01/11/2155882/0/en/SBA-Extends-Crucial-Lifeline-to-Borrowers-Impacted-by-COVID-19-with-Debt-Relief.html
Creativity and innovation are at the top of the priority list for Surfstitch this year, as the fashion retailer is set to develop a new range of initiatives, including its new third-party logistics service, a new app and product categories. The e-commerce retailer went into voluntary administration in 2017 and was eventually acquired by Alceon Group, but according to managing director Justin Hillberg, the business has never been healthier. Surfstitch is more than 300-400 per cent up in
Read the full article at: https://insideretail.com.au/e-commerce/surfstitch-prepares-for-a-year-of-innovation-202101
Brynne Edelsten, 37, says she has ‘no regrets’ about marrying Geoffrey, 77 – as she reveals why she kept her ex-husbands surname after their divorce
Brynne Edelsten became a household name in 2009 when she married millionaire businessman Geoffrey Edelsten, who is 40 years her senior.
And while their relationship didn’t last, 37-year-old Brynne insists she has ‘no regrets’ about their union, despite being widely described as a ‘gold digger’ at the time.
The American socialite toldNew Idea on Monday she went throughyears of feeling ‘lost and defeated’ following their h…
Read the full article at: https://www.dailymail.co.uk/tvshowbiz/article-9132227/Brynne-Edelsten-37-says-no-regrets-marrying-Geoffrey-77.html
The Government has made changes to our insolvency framework to better serve Australian small businesses, their creditors and their employees. The changes introduce new processes suitable for small businesses from 1 January 2021, reducing complexity, time and costs for small businesses.
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| The aim of the new legislation is to protect jobs, SMEs and social coherence, by ‘buying time’ |
The changes will enable more Australian small businesses to quickly restructure and to survive the economic impact of COVID-19. Where restructure is not possible, businesses will be able to wind up faster, enabling greater returns for creditors and employees.
These reforms are the most significant changes to the Australian insolvency framework in alm…
Read the full article at: https://www.wideformatonline.com/news/wide-format-news/10929-new-sme-administration-liquidation-rules.html