Insolvency Guardian Media Centre
Adam Moss departure from New York Magazine is looking well-timed.
Just a few weeks after his resignation as editor in chief after 15 years, the magazine is embarking on an internal restructuring that has claimed the jobs of 16 full-time employees, equal to 5 percent of the full-time head count, and another 16 part-time employees or contracted contributors. A spokeswoman for New York said the layoffs focused on audience development/circulation, copy editing, fact-checking, production and video.
In some cases, the changes we are making reflect a need for new focus as we build our digital subscription business; in others, they reflect an overdue integration of print and digital staffs, the spokeswoman said. The restructu…
Read the full article at: https://wwd.com/business-news/media/new-york-magazine-restructuring-cuts-dozens-of-staffers-1203082194/
The Lieutenant Governors Office has been named a receiver of the defunct Real Legacy Assurance Company, which Lt. Gov. Tregenza Roach said Monday will ensure that outstanding claims filed by local policyholders can be paid.
During a news conference on St. Thomas, Roach announced that he had been appointed by the courts as ancillary receiver of the company, which means his office has taken control of all of Real Legacys assets as it begins the liquidation process. This includes a $500,000 statutory bond a deposit required of all insurance companies licensed to do business in the territory that can be used to cover the outs…
Read the full article at: https://stjohnsource.com/2019/03/12/lieutenant-governor-aoril-18-is-deadline-to-recover-real-legacy-assurance-claims/
Three men have been declared bankrupt for failing to pay 1.6m to the victims of the 1998 Real IRA Omagh bombing.
The High Court ruling in Dublin is the first time in the world that anyone has been declared bankrupt for refusing to compensate victims of terrorism.
The three are Michael McKevitt, Liam Campbell and Colm Murphy. They have also been ordered to pay the hundreds of thousands of euros in costs for the bomb victim…
Read the full article at: https://www.newsletter.co.uk/news/omagh-bomb-trio-declared-bankrupt-in-victims-legal-action-1-8845438
Three men found liable for the Omagh bombing have been declared bankrupt by the High Court after failing to pay damages to relatives of the victims.
The car bomb on a street packed with shoppers killed 29 people, including nine children and a woman pregnant with twins, in the Co Tyrone market town on August 15 1998 and was the biggest single atrocity of the Troubles. Some 220 others were injured. Police had inadvertently moved people towards the bomb after receiving inaccurate telephone warnings. Nobody has been convicted of the murders, for which the Real IRA claimed responsibility, although they said that they had not meant to kill civilians a…
Read the full article at: https://www.thetimes.co.uk/edition/ireland/alleged-omagh-bombers-declared-bankrupt-wtlh5wkpb
Less than a month afterBosasaannounced it was entering voluntary liquidation, it has turned to the courts to have that decision reversed, claiming it had been given bad advice.
The directors of African Global Operations, the company formerly known as Bosasa, filed an urgent application in the High Court in Johannesburg.
The company started its collapse when former chief operations officerAngelo Agrizzitestified at theZondo commission of inquiry.
The decision to liquidate was taken after the companys banks announced they would close its accounts at the end of last month, citing reputational risk.
In an affidavit, Bosasa board chairman Johannes Gumede said the board did not properly read the legal documents prepared to it by a legal consultant…
Read the full article at: https://www.iafrica.com/bosasa-requests-court-to-reverse-voluntary-liquidation/
Pursuant to Regulation 30 and any other applicable provisions, if any, of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that the First Meeting of the Committee of Creditors of M/s. Sejal Glass Limited will be held on Friday, March 15, 2019 at 3.00 P.M. at Edelweiss Asset Reconstruction Company Limited, Edelweiss House, 3rd Floor Off. CST Road, Kalina, Mumbai- 400 098.
This letter may be treated as communication under Regulation 30 and any other applicable provisions, if any, of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Sour…
Read the full article at: https://www.thehindubusinessline.com/companies/announcements/others/sezal-glass-limited-corporate-insolvency-resolution-process-cirp-intimation-of-meeting-of-committee-of-creditors/article26510674.ece
photo credit: GettyGetty
Conflict is a natural part of life. It happens at home, in the community, and of course in our place of work.
So why is it we tend to consider conflict as something that should be avoided like the plague?
Author Liane Davey believes it shouldnt. In fact, in her new book, The Good Fight: Use Productive Conflict to Get Your Team and Organization Back on Track, she argues conflict is a natural and fundamental component to the organization. The book is an excellent field guide to not only help set the record straight about conflict; it provides practical, useful tips on how to get it right.
There are several terms Davey introduces upfront that helps to set the tone of the book. One of the …
Read the full article at: https://www.forbes.com/sites/danpontefract/2019/03/12/why-are-we-so-averse-to-conflict-the-good-fight-explains-why/
When Shoes of Prey launched in 2009, it became a tearaway success almost immediately.
But now, just one decade later, the customisable footwear company has become the latest victim of Australias struggling retail industry.
Shoes of Prey has just entered into liquidation, with Kelly Trenfield and John Park of FTI Consulting appointed as administrators yesterday.
On Sunday, co-founder Michael Fox broke the bad news in a post on Medium bearing the title The Shoes of Prey journey Ends.
In it, he cited the companys failure to gain traction in the mass market as well as its difficulty in competing with cheap Chinese manufacturers as two driving reasons behind the collapse.
Its a sad end for a company which was once prepped to scale into the $100ms…
Read the full article at: https://www.news.com.au/finance/business/retail/groundbreaking-footwear-startup-shoes-of-prey-goes-into-liquidation/news-story/7dd034ba8f9886ea175c2424921b6507
Australian fashion startup and former industry trailblazer Shoes of Prey has collapsed into liquidation, ending months of uncertainty surrounding the startup after it was put on pause in August last year.
Liquidators from FTI Consulting Kelly Trenfield and John Park were appointed to manage the winding down of the startup, which was founded in 2009 by Michael and Jodie Fox, and Mike Knapp.
Shoes of Prey offered shoppers ways to customise and design their own footwear, and was a golden child in Australias nascent startup scene, attracting investment from Blue Sky Capital and a number of high-profile individuals, such as Mike Cannon-Brookes and Bill Tai.
However, the startup was mired with controversy and uncertainty last year, with the…
Read the full article at: https://www.smartcompany.com.au/startupsmart/news/shoes-of-prey-collapses-liquidation/
On a February morning in 2005 in a hearing room in the Dirksen Senate Office Building, Joe Biden confronted Elizabeth Warren over a subject theyd been feuding over for years: the countrys bankruptcy laws. Biden, then a senator from Delaware, was one of the strongest backers of a bill meant to address the skyrocketing rate at which Americans were filing for bankruptcy. Warren, at the time a Harvard law professor, had been fighting to kill the same legislation for seven years. She had castigated Biden, accusing him of trying to sell o…
Read the full article at: https://www.politico.com/magazine/story/2019/03/12/biden-vs-warren-2020-democratic-primaries-bankruptcy-bill-225728
British billionaire James Stunt has admitted that he is being chased over a massive gambling debt worth more than 1 million. The 37-year-old man further shared that he plans to settle the debt by using paintings of Picasso and Monet, which he has previously lent to the Prince of Wales.
Reportedly, the seven-figure loss was generated by Stunt with a spread-betting operator called CMC Spreadbet. As written in court documents, the British billionaire is seeking to pay off his debt, so he has proposed borrowing 70 million secured in return to a fine art collection he has lent to Prince Charles. The collection consists of paintings by Dali, Picasso, Monet, Van Dyck and Constable and is estimated to a total of 225 million…
Read the full article at: http://www.casinoguardian.co.uk/2019/03/12/cmc-spreadbet-pursues-british-billionaire-james-stunt-over-gambling-debt-exceeding-1-million/
One of Australias most heavily touted tech startups – custom footwear-maker Shoes of Prey – has filed for insolvency.
Helpfully, co-founder Michael Fox has explained why in a Medium post.
The TL;DR: even though it had a loyal fan base among well-heeled women who appreciated its shoe customisation service, the company was never profitable and couldnt find a way to get there.
The Shoes of Prey schtick was an online shoe design tool, focused on stylish womens footwear. The company was hailed as a pioneer of personalised and customised apparel. It won a stack of awards from the retail and startup industries to attest to its early splash. Its founders were asked to speak at conferences to describe their insights into the…
Read the full article at: https://www.itnews.com.au/news/startupland-darling-shoes-of-prey-files-for-insolvency-520414