Running a small business isnt always plain sailing and there are likely to be ups and downs, including times when business is doing great and the cash is rolling in, and times when youre feeling the pinch.
The important thing to remember is that you do have options and there are various possible avenues to explore when cash flow is squeezed. Theres a huge market out there now for businesses looking for finance, with funding options of all shapes and sizes to consider. It could be that some simple debt consolidation is all you need to provide that extra bit of breathing room.
What is debt consolidation?
P…
Read the full article at: http://www.growthbusiness.co.uk/before-debt-takes-its-toll-four-reasons-for-debt-consolidation-2555302/
We would like to inform you that meeting of the 02nd Committee of Creditors of Sterling International Enterprises Limited is scheduled to be held on Thursday, 04th October 2018 at 2:00 P.M. IST at The Orchid, 70/C, Nehru Road, Near Domestic Airport, Vile Parle (East), Mumbai 400 099, Maharashtra, India.
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/sterling-international-enterprises-ltd-corporate-insolvency-resolution-process-cirp-intimation-of-meeting-of-committee-of-creditors/article25110818.ece
ROCKFORD, Ill., Oct. 2, 2018 /PRNewswire/ — Harvard Illinois Bancorp, Inc. (the “Company”) announced today its unaudited statement of net assets in liquidation, as of September 30, 2018, and its unaudited statement of changes in net assets in liquidation for the nine months then ended.
Unaudited Statements of Net Assets in Liquidation and Changes in Net Assets in Liquidation. At September 30, 2018, the Company reported unaudited total assets in liquidation, total liabilities in liquidation, and net assets in liquidation of $15.2 million, $1.1 million and $14.1 million, respectively. Assets in liquidation at September 30, 2018 included the $8.1 million related to the investment in the defaulted repurchase agreement purchased th…
Read the full article at: https://markets.businessinsider.com/news/stocks/harvard-illinois-bancorp-inc-announces-unaudited-financial-statements-as-of-september-30-2018-1027584911
Two Mersey golf courses have closed after the company running them collapsed.
Bowring Park Golf Course in Huyton has shut after Mack Golf, which ran the course on behalf of owner Knowsley Council, went into voluntary liquidation .
Mack also ran Ellesmere Port Golf Course and six other public courses across the U.K. and Ireland – all of which were closed with immediate effect.
Knowsley council says it is meeting staff and members at Bowring Park and “is currently looking at options to maintain the golf provision on site”.
But it says the course will be closed in the short term while it works out a solution.
The council says the rest of Bowring Park will not be affected.
The golf course was one of the earliest municipal golf courses in…
Read the full article at: https://www.liverpoolecho.co.uk/news/liverpool-news/golf-courses-shut-after-company-15232995
Chocolate cafe business Max Brenner has fallen into voluntary administration, becoming the latest victim of difficult market conditions in recent months.
McGrathNicol were appointed voluntary administrators of the business on Sunday and have said the companys 37 stores will continue to trade while the business is reviewed.
The jobs of about 600 staff have been made uncertain by the administration, which follows a wind-up notice issued with ASIC on September 14.
McGrathNicol partners Barry Kogan, Kathy Zosou and Jason Preston pointed to escalating costs and tighter retail trade as notable factors leading to the administration.
Administrators are assessing the possibilitythe business could either be sold or recapitalised.
The Australian…
Read the full article at: https://www.smartcompany.com.au/industries/retail/cafe-chain-max-brenner-voluntary-administration-declining-sales-throwing-jobs-600-workers-air/
Mehul Choksi.
Mumbai: The dedicated bankruptcy court has admitted the insolvency petition filed by ICICI Bank Ltd. against absconding diamantaire Mehul Choksi-promoted Gitanjali Gems Ltd. This is the first insolvency petition filed by the lender since a probe was launched by government agencies against Choksi and his nephew Nirav Modi for their alleged involvement in the over $2 billion Punjab National Bank (PNB) fraud.
Sagar Divekar, counsel for ICICI Bank, informed the Mumbai bench of the National Company Law Tribunal (NCLT) on Wednesday that Gitanjali Gems has defaulted on dues of about Rs 608 crore.
These dues were in the form of working capital loans and external commercial borrowings (ECBs), said Divekar, adding the company owes over …
Read the full article at: https://www.livemint.com/Companies/MzjxgHkz3Ku5aSIIoXA7IK/NCLT-admits-insolvency-plea-against-Gitanjali-Gems.html
Former minister of social development Bathabile Dlamini might not have enough money to pay legal fees a court has ordered her to pay.
Rapport reported on Sunday that Dlaminis share portfolio of R21081 and home in Pietermaritzburg might be insufficient to cover legal costs the Constitutional Court ordered her to pay this week.
The court ruled on Thursday Dlamini has to pay 20% of the legal costs of the Black Sash Trust and Freedom Under Law including costs of two counsels incurred in the social grants debacle.
Dlamini was the social development minister at the time of the debacle and is now the minister in the presidency responsible for women.
According to Parliaments register of interests Dlamini …
Read the full article at: https://www.timeslive.co.za/politics/2018-09-30-bathabile-dlamini-may-not-be-able-to-foot-her-legal-bill-report/
When Under Armour (NYSE: UA)(NYSE: UAA) told investors in late July that the cost of its ongoing business restructuring would be higher than initially expected, shares plunged more than 13% over the next few days in response.
Early Thursday, however, the performance apparel and footwear specialist increased the price of that restructuring yet again — only this time, the market rewarded shareholders with a 5% pop. So what gives?
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The third time’s the charm?
More specifically, Under Armour says “following further evaluation” after its latest quarterly report, it has decided to reduce its global workforce by roughly 3%. The move will result in roughly $10 million of cash severance charges, bringing the pre-tax cost of …
Read the full article at: https://www.foxbusiness.com/markets/the-price-tag-for-under-armours-restructuring-just-went-up-again
Katie Price was reportedly spotted spending £600 on perfume despite being told she has 12 weeks to come up with a viable payment plan in order to avoid being declared bankrupt by the High Court.
The skint 40-year-old star, who has blown most of her £45 million fortune, was seen at The Perfume Shop in Horsham, West Sussex, splurging on fancy scents.
“Everyone was staring as she walked in,” an onlooker said. “Me and my friends were shocked as we read about her money problems and how she’s skint
“Yet she didn’t care and spent all that money on perfume!”
(Image: Splash)
They added to The Sun: “It was loads of high-end stuff, and she just handed her card over. She…
Read the full article at: https://www.mirror.co.uk/3am/celebrity-news/katie-price-spotted-splurging-600-13283216
HYDERABAD: The Supreme Court has stayed insolvency proceedings at Mack Soft Tech, an Indian subsidiary of Irish business group Quinn that owns Q-City, an IT park in Hyderabad housing offices of Amazon, Mytrah Energy and TCS, among others.
The top court bench comprising Justice Rohinton Fali Nariman and Justice Indu Malhotra on Monday stayed the insolvency proceedings, while directing the respondents to file counters in a weeks time.
This comes even as investigating agency Enforcement Directorate is intensifying its probe into the alleged money laundering of millions of dollars at Mack Soft Tech and advising the resolution professional to alert the prospective resolution applicants regarding the ongoing probe.
The key resolution applic…
Read the full article at: https://economictimes.indiatimes.com/industry/banking/finance/banking/supreme-court-stays-mack-soft-insolvency-ed-probes-money-laundering/articleshow/65894200.cms