Two garage bosses banned after they allowed a disqualified director, who happened to be their husband and ex-husband respectively, to run their company.
Janice Rogers (61) and Elizabeth Dagg (70), both from Northumberland, were directors of Auto Testing Limited (ATL). Incorporated in February 2007, ATL operated as a car mechanics, fuel station and convenience store.
There was also a third boss, Stewart Rogers. But the 72-year-old from Northumberland had been previously disqualified for five years in January 2011 in relation to his conduct as director of a separate company, Northern 4 x 4 Centre LTD, and should not have been managing the business.
The company entered voluntary liquidation in October 2016 and the Insolvency Se…
Read the full article at: https://www.miragenews.com/garage-bosses-allowed-disqualified-director-to-run-company/
SINGAPORE:Embattled commodity trader Noble Groupon Wednesday (Nov 21) said it would continue with its plans to restructure, despite noting an investigation by Singapore authorities into suspected disclosure breaches by the firm.
Noble said in a statement that it and its unit Noble Resources International (NRI) had received correspondences from Singaporean authorities regarding their investigation into suspected false and misleading statements made by the companies.
The firm said it would cooperate fully with the authorities in their investigation, which was launchedjust days before the Singapore-listed company was to complete its US$3.5 billion debt restructuring deal to prevent its collapse.
Noble Grou…
Read the full article at: https://www.channelnewsasia.com/news/business/noble-group-says-to-push-on-with-restructuring-despite-10952634
While there has been one redundancy to date, administrators of the Sporties club in Dubbo say their aim is to save the club and jobs during the voluntary administration process. The Dubbo Railway Bowling Club Ltd, trading as Sporties Dubbo,announced they had entered into voluntary admission on November 15 on Tuesday November 20. The clubs board nominatedWorrels Solvency and Forensic Accountants NSW and ACT partners Aaron Lucan and Graeme Beattieas the administratorsin the effort to save the club. For commercial and confidence reasons Mr Lucan saidthe creditors or the club would not elaborate on operational changes made during the process or options for a restructure oramalgamation. I am continuing to trade the club while exploring option…
Read the full article at: https://www.dailyliberal.com.au/story/5769720/sporties-future-still-unclear-with-voluntary-administration-underway/
Nearly 40 percent of U.S. adults carry credit card debt from month-to-month, according to the 2017 Financial Literacy Survey conducted on behalf of the National Foundation for Credit Counseling. (Cropped Photo: www.cafecredit.com / CC BY 2.0 / MGN Online)
Nearly 40 percent of U.S. adults carry credit card debt from month-to-month, according to the 2017 Financial Literacy Survey conducted on behalf of the National Foundation for Credit Counseling.
For many Americans, breaking the cycle of relying on credit cards can feel impossible. However, there is a way to get lower interest rates and monthly payments without paying massive up-front fees.
Four years ago, Lenora Edwards was living under a mountain of debt.
“I was $126,000 in debt in credit …
Read the full article at: http://cbsaustin.com/news/local/pay-off-debt-in-5-years-or-less-with-help-from-non-profit-counseling
KUALA LUMPUR: The Malaysia Department of Insolvency says 64,632 Malaysians aged between 18 and 44 have been declared bankrupt over the last five years.
Additionally, 13,338 have also been declared bankrupt as of September this year.
The data highlights the importance of financial literacy in family institutions, said Deputy Prime Minister Datuk Seri Dr Wan Azizah Wan Ismail.
Financial education, is in fact, critical to the stability and resilience of the family institutions which in turn leads to a financially strong and prudent nation.
I strongly believe fiscal discipline starts at home. Parents have an important role to play in educating their children on this, she added.
Wan Azizah, who is also the Minister of Women, Family and Comm…
Read the full article at: https://www.thesundaily.my/local/64-632-malaysians-declared-bankrupt-over-last-5-years-XF124044
SINGAPORE (Reuters) – Singapore authorities are investigating Noble Group Ltd (NOBG.SI) for suspected false and misleading statements, just days before the Singapore-listed company was to complete its $3.5 billion debt restructuring deal to prevent its collapse.
FILE PHOTO: A Noble Group sign is pictured at a meet-the-investors event in Singapore August 17, 2015. REUTERS/Edgar Su
Noble, once Asias top commodity trader, has seen its market value all but wiped out from $6 billion in February 2015 after its accounting was questioned by Iceberg Research. To rescue itself, Noble has shrunk its business by selling billions of dollars of assets, taking hefty writedowns and cutting hundreds of jobs, while defending its accounting.
The company, wh…
Read the full article at: https://www.reuters.com/article/us-singapore-noble-investigation/noble-group-hit-by-regulatory-probe-days-before-closing-3-5-billion-restructuring-deal-idUSKCN1NP0OX
- IKEA employees are reporting dissatisfaction with the furniture retailer over a policy it introduced across all of its US stores in 2017.
- Employees say that IKEAs O4G policy which restructures store workers roles has caused turmoil and dissent within its stores.
- Our objective was to empower our coworkers to meet our customers expectations in todays multichannel environment, and strengthen our position in the fast changing US retail environment, an IKEA spokesperson said in a statement to Business Insider.
Over the past year or so, an IKEA employee started to notice something wrong with the stores wall of fame.
The wall featured portraits of IKEA employees, all hung in rows based on how many yea…
Read the full article at: https://www.businessinsider.com/ikea-customer-service-restructuring-angers-employees-2018-11
- IKEA employees are reporting dissatisfaction with the furniture retailer over a policy it introduced across all of its US stores in 2017.
- Employees say that IKEAs O4G policy which restructures store workers roles has caused turmoil and dissent within its stores.
- Our objective was to empower our coworkers to meet our customers expectations in todays multichannel environment, and strengthen our position in the fast changing US retail environment, an IKEA spokesperson said in a statement to Business Insider.
Over the past year or so, an IKEA employee started to notice something wrong with the stores wall of fame.
The wall featured portraits of IKEA employees, all hung in rows based on how many yea…
Read the full article at: https://www.businessinsider.com.au/ikea-customer-service-restructuring-angers-employees-2018-11
KKR and Bain Capital, the private equity firms that owned Toys R Us before the company declared bankruptcy earlier this year, said Tuesday that they have each pledged $10 million to create the TRU Financial Assistance Fund, which aims to distribute severance funds to former employees.
The move is unusual for the firms, as they are not required under bankruptcy law to do such a thing.
In a joint statement, KKR and Bain said the fund is being established in response to “an extraordinary set of circumstances” for both of the firms.
“T…
Read the full article at: https://www.cnbc.com/2018/11/20/bain-and-kkr-establish-a-severance-fund-for-toys-r-us-workers.html
Dear Sir / Madam,
In addition to our earlier disclosure made on 02nd May 2018, 11th May 2018, 20th June 2018, 12th July 2018, 27th July 2018, 20th August 2018, September 03, 2018, October 01, 2018, October 10, 2018, October 22, 2018 and October 24, 2018, we would like to inform you that the Honble National Company Law Tribunal, Ahmedabad Bench (NCLT) in the matter IA 139 of 2018 in CP 53 of 2017, an application made by the Liberty Group PTE Ltd. (applicant), pursuant to Section 60(5) of Insolvency and Bankruptcy Code, 2016 (IBC) has adjourned the hearing of 15th November 2018 to 11th December 2018. The copy of the said order is enclosed herewith.
Further as previously intimated, the Honble NCLT has directed that the period of pendency of…
Read the full article at: https://www.thehindubusinessline.com/companies/announcements/others/abg-shipyard-ltd-corporate-insolvency-resolution-process-cirp-updates-corporate-insolvency-resolution-process-cirp/article25549436.ece
SINGAPORE (Reuters) – Singapore authorities are investigating Noble Group Ltd (NOBG.SI) for suspected false and misleading statements, just days before the Singapore-listed company was to complete its $3.5 billion debt restructuring deal to prevent its collapse.
FILE PHOTO: A Noble Group sign is pictured at a meet-the-investors event in Singapore August 17, 2015. REUTERS/Edgar Su
Noble, once Asias top commodity trader, has seen its market value all but wiped out from $6 billion in February 2015 after its accounting was questioned by Iceberg Research. To rescue itself, Noble has shrunk its business by selling billions of dollars of assets, taking hefty writedowns and cutting hundreds of jobs, while defending its accounting.
The company, wh…
Read the full article at: https://www.reuters.com/article/us-singapore-noble-investigation/noble-group-faces-regulatory-probe-days-before-closing-35-billion-restructuring-deal-idUSKCN1NP0OX
Gurpal Singh Atwal (47), of Oadby, Leicester was a self-employed taxi driver and former councillor for Oadby and Wigston Borough Council before becoming bankrupt in November 2017, having presented his own petition.
However, investigators from the Insolvency Service found that after the bankruptcy order, Gurpal Atwal transferred 600,000 worth of land he owned in India to family members, as well as gifting 86,410 from the sale of his property in Leicester.
Working alongside Gurpal Atwals trustees, who were appointed to his bankruptcy estate, investigators could see that he received no payment and that meant that Gurpal Atwals creditors received no benefit from the property transfers despite having a claim.
Gurpal Atwal ought to have be…
Read the full article at: https://www.gov.uk/government/news/extended-bankruptcy-restrictions-for-leicester-taxi-driver