Katie Price has been hit by claims that she has ‘spent thousands on her online shopping addiction, amassing a room full of unopened parcels’, reports …
Read the full article at: http://www.dailymail.co.uk/tvshowbiz/article-6044927/Katie-Price-spent-thousands-online-shopping-obsession.html
Is the tide turning in the favor of activist shareholder Elliott Management Corp. in its drive to clean up the web of more than two dozen auto…
Read the full article at: https://www.bloomberg.com/view/articles/2018-08-09/a-great-vehicle-lurks-in-hyundai-s-corporate-chop-shop
NEWCASTLE and Wyong feature heavily in personal bankruptcy figures that show bankruptcies across the country are growing at a rate of almost six per cent a year, well above our population growth of under two per cent.
June quarter figures released this week by the federal governments Australian Financial Security Authority show Wyong topping the personal insolvency table with 89 people, followed by Penrith with 78 and Campbelltown with 71.
Wyong is classified by the authority as part of greater Sydney. Outside of Sydney, Newcastle had the most bankruptcies with 49, followed by East Lake Macquarie with 46 and Shoalhaven with 44.
Looking nationally, the authority counted 31,859 new personal insolvencies in Australia in the financial year ende…
Read the full article at: http://www.theherald.com.au/sport/knights/5574162/personal-bankruptcy-on-the-rise-but-who-tops-the-list/
The lighting and electronics specialist HELLA is restructuring its aftermarket business. HELLA will thus align its aftermarket activities even more consequently along its own original equipment competencies especially in the areas of lighting and electronics while closely linking them to the companys great workshop equipment expertise. In this context, the successful repair solutions business will be further expanded in the areas of diagnostics and calibration. On August 1, 2018, HELLA has simultaneously established its new Mobility Solutions business unit for tapping into new digital business models. The already ongoing activities will be integrated into this area.
With our restructuring of the aftermarket busines…
Read the full article at: https://www.automotiveworld.com/news-releases/hella-restructures-aftermarket-business/
Supreme court had earlier reserved its order on “interim reliefs” sought by various stakeholders (File)
In a setback to the Jaypee group, the Supreme Court today asked the National Company Law Tribunal (NCLT), Allahabad, to deal with the insolvency proceedings against Jaypee Infratech Ltd (JIL) and barred the group or its promoters from participating in the fresh bidding process.
A bench headed by Chief Justice Dipak Misra said the limitation period of 180 days to conclude the insolvency proceedings will commence from today.
The bench, also comprising of Justices AM Khanwilkar and DY Chandrachud, said the Rs 750 crore deposited by the Jaypee Infratech Ltd in the top court shall be transferred to NCLT Allahabad.
The top court als…
Read the full article at: https://www.ndtv.com/india-news/supreme-court-tells-national-company-law-tribunal-to-deal-with-insolvency-proceedings-against-jaypee-1897778
MONTREAL, Aug. 9, 2018 /CNW Telbec/ – BioAmber Inc. (OTCPK: BIOAQ) announces that following a court order issued on July 31, 2018, the company, along with its monitor, PricewaterhouseCoopers (PWC), has initiated a liquidation process pursuant to which offers will be solicited from liquidators and/or strategic buyers to proceed with the liquidation of the company’s assets or a recapitalization transaction with the goal of realizing the greatest value on behalf of the company’s creditors.
Binding offers from the liquidators or strategic buyers must be received by 9 a.m. on August 21st, 2018, and if acceptable offers are received, the company will seek to obtain court approval of the retained offer on August 28th, 2018 a…
Read the full article at: https://markets.businessinsider.com/news/stocks/bioamber-provides-update-on-liquidation-process-1027446921
Dear Sir / Madam,
We would like to inform you that meeting of 15th Committee of Creditors of ABG Shipyard Limited was held on Wednesday, 08th August 2018 at Mayfair Banquets, 254-C Dr. Annie Besant Road, Worli Shivaji Nagar, Worli, Mumbai-400 030, Maharashtra. The Meeting commenced on 02.30 P.M. IST and concluded on 07.30 P.M. IST.
You are requested to take the same on record.
Source : BSE – www.bseindia.com
Read the full article at: https://www.thehindubusinessline.com/companies/announcements/others/abg-shipyard-ltd-corporate-insolvency-resolution-process-cirp-outcome-of-meeting-of-committee-of-creditors/article24641974.ece
A crisis-hit council is expected to cut vital services after being effectively declared bankrupt.
Northamptonshire County Council will meet today to discuss a radical cost-cutting proposal in response to its £70 million budget shortfall.
Proposals to be discussed include redundancies and radical cuts to areas including childrens services, road maintenance and waste management.
Anne Longford, the childrens commissioner, warned of catastrophic consequences” if the council moves to cut children’s services.
In April, the Government sent commissioners to run the cash-strapped council after it revealed a projected overspend of £21m for 2017-18.
Read the full article at: https://www.telegraph.co.uk/politics/2018/08/09/crisis-hit-council-expected-cut-vital-services-effectively-declared/
NEWCASTLE and Wyong feature heavily in personal bankruptcy figures that show bankruptcies across the country are growing at a rate of almost six per cent a year, well above our population growth of under two per cent.
June quarter figures released this week by the federal governments Australian Financial Security Authority show Wyong topping the personal insolvency table with 89 people, followed by Penrith with 78 and Campbelltown with 71.
Wyong is classified by the authority as part of greater Sydney. Outside of Sydney, Newcastle had the most bankruptcies with 49, followed by East Lake Macquarie with 46 and Shoalhaven with 44.
Looking nationally, the authority counted 31,859 new personal insolvencies in Australia in the financial year ende…
Read the full article at: https://www.theherald.com.au/sport/knights/5574162/personal-bankruptcy-on-the-rise-but-who-tops-the-list/
Ah, falling in love! Such a special, happy time.
Until it’s not.
Dating can be a minefield, with information bombs dropping at every candle-lit corner.
And learning about your new love interest’s relationship with money can be a bombshell, especially if they’re carrying a tonne of debt.
Imagine: you’re quietly splitting a dessert when they announce they can’t pay their share of the bill because a credit card payment is overdue. Like, really overdue.
Aussies are in record levels of debt totalling $2.5 trillion, one of the highest rates in the world. While mortgages make up most of it, credit cards account for $33 billion.
So, where to go from here? Finance and relationship experts share what you can do if you’re smitten with someone in d…
Read the full article at: http://www.abc.net.au/life/what-to-do-if-youre-dating-someone-with-debt/9989736
In a setback to the Jaypee group, the Supreme Court today asked the National Company Law Tribunal (NCLT), Allahabad, to deal with the insolvency proceedings against Jaypee Infratech Ltd (JIL) and barred the group or its promoters from participating in the fresh bidding process.
A bench headed by Chief Justice Dipak Misra said the limitation period of 180 days to conclude the insolvency proceedings will commence from today.
The bench, also comprising Justices A M Khanwilkar and D Y Chandrachud, said the Rs 750 crore deposited by the JIL in the apex court shall be transferred to NCLT Allahabad.
The top court also allowed the Reserve Bank of India (RBI) to direct the banks to initiate separate insolvency proceedings against JIL’s holdin…
Read the full article at: https://www.deccanherald.com/national/sc-asks-nclt-deal-insolvency-686517.html