Insolvency Guardian Media Centre
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Read the full article at: https://www.keyt.com/news/money-and-business/liquidation-sale-begins-at-orchard-supply-hardware-stores/785262705
Former Premier League striker Carlton Cole has been declared bankrupt following his retirement from competitive football in March of this year.
As reported by The Sun, the now 34-year-old was given the verdict by London’s High Court on June 27th, despite
“Unfortunately, I didnt realise what was going on until my career was in the latter years and too late for me to turn things around.”
Starting his career at Chelsea, Cole made 290 Premier League appearances…
Read the full article at: https://www.90min.com/posts/6151445-former-premier-league-striker-carlton-cole-declared-bankrupt-by-london-s-high-court
A Birmingham pub company run by an award-winning landlord has gone into liquidation amid tax debts of more than £360,000.
The Humble Pub Company was owned by Keith Marsden, who previously ran the Prince of Wales and The Dark Horse, in Moseley, and The British Oak, in Stirchley, along with a short-lived wine bar called Cheval Blanc.
At the High Court in London today, HM Revenue and Customs told the Insolvency and Companies Court Judge Catherine Addy that The Humble Pub Company went into creditors’ voluntary liquidation on June 7.
HMRC had lodged a petition with the court seeking to have the company wound up over tax debts but, on the basis of the voluntary liquidation, counsel for HMRC asked for its petition for it to be wound up to be d…
Read the full article at: https://www.birminghammail.co.uk/news/business/company-behind-birminghams-much-loved-15064449
Denis OBriens Digicel Group may be able to take advantage of the discounted price at which $2 billion (1.7 billion) of its bonds are trading, through a corporate restructuring that could raise funds to buy back the bonds on the cheap, according to a new research report.
A report issued to clients this week by Xtract Research, a New York-based debt research firm, said the groups debt-free Digicel Pacific Limited unit may hold the key to a refinancing of the bonds, which are due in 2020, at a price below their par value.
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Read the full article at: https://www.irishtimes.com/business/technology/digicel-south-pacific-unit-may-hold-key-to-2bn-refinancing-1.3604457
The fraud contributed to a 27 per cent drop in the company’s full-year profit to $6.6 million, driving its shares nearly 22 per cent lower.
Normalised earnings for the 12 months to June 30 declined $1.7 million to $13.2 million – largely due to a drop-off in daigou shoppers – and total like-for-like sales were down 3.4 per cent on the previous financial year.
The company was also hurt by the liquidation of two suppliers, at a cost of about $491,000.
Revenue, however, was up 8.7 per cent to $154.9 million, with a stronger performance in the second half of the financial year.
“While we are disappointed at the decline in earnings over FY18, I am very proud of the efforts from our corporate store and support office teams in returning the busin…
Read the full article at: https://www.smh.com.au/business/companies/shaver-shop-hit-by-327-000-daigou-fraud-20180823-p4zzcq.html
Mumbai: Indias dedicated bankruptcy court has sought to remove legal impediments to liquidation or loan-recovery proceedings by setting aside property attachment claims of state-run utilities or operational creditors that have not been paid their dues by bankrupt private-sector borrowers.
The National Company Law Tribunals (NCLT) Allahabad bench said that district authorities cant prevent the sale of land of bankrupt borrower Raman Ispat for its failure to pay outstanding power bills. The local authorities had attached the companys land parcel in lieu of outstanding utility-usage dues.
This is a landmark judgement removing a key hurdle in liquidation processes, said Anil Goel, founder AAA Insolvency Professionals. The order will now be…
Read the full article at: https://economictimes.indiatimes.com/industry/banking/finance/banking/how-nclt-order-makes-liquidation-easy/articleshow/65510613.cms
Carlton Cole has been declared bankrupt despite earning millions over a 16-year career playing in the Premier League and for England.
Most known for his time at West Ham, Cole once earned up to £30,000 per week.
The 34-year-old was told of the verdict at London’s High Court and hopes his desperate situation can be a warning to young players exposed to the riches of the modern game.
“I hope my story will help young footballers to take responsibility for who they listen to and take advice from,” Cole said.
(Image: Getty)
(Image: Getty)
Read the full article at: https://www.mirror.co.uk/sport/football/news/carlton-cole-declared-bankrupt-despite-13124749
NATHAN Tinkler has always been very good at collecting enemies.
The one-time billionaire’s volatility and reputation for not paying his debts has seen him fallout with countless friends and people hes worked with, even his own family.
Amid the wreckage of his collapsed business empire is his only sibling Donna Dennis and former trusted lieutenant Troy Palmer, both declared bankrupt due to their time as directors of Tinkler Group companies.
But there is one relationship the former mining magnate has always been very careful to preserve.
His friendship with billionaire retail king Gerry Harvey.
Its a relationship that has served Mr Tinkler well, despite Mr Harveys – at times – blunt assessment of his friends prickly personality.
The Newcastle H…
Read the full article at: https://www.theherald.com.au/news/local-news/5600789/how-nathan-tinkler-pulled-off-his-great-escape-from-bankruptcy/
DEAD rapper Jett McKee played a balaclava-wearing home invader in a hip hop video three years before he allegedly broke into an inner western Sydney flat two weeks ago.
In the video clip, the musician known as Scepaz uses a balaclava and replica gun similar to what he allegedly carried while demanding money in this months real life home invasion.
McKee died following an alleged chase after the break-in by two people now charged with his murder.
In the 2015 video, made by Word Heist with fellow rapper Papa Tear, McKee appears in gritty street scenes before finally donning a balaclava and breaking into an apartment.
The scenes are cut with real footage of disgraced police officer Roger Rogersons arrest and CCTV images before he and Glen McNama…
Read the full article at: https://www.news.com.au/entertainment/music/dead-rapper-scepaz-in-eerie-home-invasion-video/news-story/22609bb7daa9d9cdd8955deedc95be94
NATHAN Tinkler has always been very good at collecting enemies.
The one-time billionaire’s volatility and reputation for not paying his debts has seen him fallout with countless friends and people hes worked with, even his own family.
Amid the wreckage of his collapsed business empire is his only sibling Donna Dennis and former trusted lieutenant Troy Palmer, both declared bankrupt due to their time as directors of Tinkler Group companies.
But there is one relationship the former mining magnate has always been very careful to preserve.
His friendship with billionaire retail king Gerry Harvey.
Its a relationship that has served Mr Tinkler well, despite Mr Harveys – at times – blunt assessment of his friends prickly personality.
The Newcastle H…
Read the full article at: http://www.theherald.com.au/story/5600789/how-nathan-tinkler-pulled-off-his-great-escape-from-bankruptcy/
Over 1,300 employees of Jyoti Structures, a Mumbai-based engineering and procurement (EPC) company, are heaving a sigh of relief as the National Company Law Appellate Tribunal (NCLAT) has granted a stay on the liquidation order passed against the insolvent firm.
Its employees are spread over two manufacturing units in Nashik and Raipur, and at various project sites.
The stay order comes after the company’s employees as well as a group of investors led by Netmagic’s Sharad Sanghi (the resolution applicant) appealed against a previous order by the National Company Law Tribunal (NCLT) at NCLAT.
The appellate tribunal will hear the case next on September 18.
In July, the Mumbai bench of NCLT had ordered liquidation of the debt…
Read the full article at: https://www.dnaindia.com/business/report-jyoti-structures-employees-relieved-as-liquidation-stayed-2653445
Telecommunications giant Optus will cut 440 jobs as the company moves to digitisation and automation in a bid to remain competitive in the mobile market.
It is an attempt to improve efficiency and become a “world-class” digital service provider, an Optus spokeswoman told AAP in a statement on Wednesday.
“As we continue to evolve the way we work, do business and fund future investments we are removing duplication, improving our operating efficiency and embracing next-generation technologies, like digitisation and automation to achieve this goal,” she said.
The telco says it is restructuring the company to become the “next-generation” Optus.
It insists it will discuss redeployment opportunities with affected employees.
This round of cuts …
Read the full article at: https://www.sbs.com.au/news/optus-to-slash-440-jobs-in-major-restructure