Insolvency Guardian Media Centre
The West Perth Football Club has entered Voluntary Administration after discovering they are around $600,000 in debt.
The WA Football Commission has handed the well-supported club a lifeline by giving them a $250,000 loan to pay players and staff and continue in the competition for the remainder of the 2018 season.
West Perth President, Scott Ballem, has stepped aside along with the other Board members for the next five weeks while Administrators look at the clubs situation.
Mr Ballem told 6PR Breakfast the decision to enter into administration wasnt an easy one, but it was necessary after finding old debt and losing sponsors.
Since our new CEO, Linda Hammersley, started earlier this year we discovered a considerable am…
Read the full article at: https://www.6pr.com.au/podcast/west-perth-enters-voluntary-administration/
You might be surprised at some of the issues relating to a debt consolidation loan. There are three things to consider regardless of what you wish to use a loan for. These are problems that might be an issue for many people, but there are some ways that can be done to help you neutralize these hassles.
1. Debt consolidation loans are not always going to encourage you to prepare a budget
The key part of a debt consolidation loan is that …
Read the full article at: https://augustafreepress.com/3-reasons-your-debt-consolidation-loan-is-broken-and-how-to-fix-it/
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Read the full article at: https://www.ctpost.com/business/article/Laurel-Road-offers-help-on-medical-student-debt-13104296.php
Dear Sir/Madam
This is in continuation of our earlier intimation dated 16th April, 2018 regarding filing of resolution plan, which was duly approved by the Committee of Creditors, before the Adjudicating Authority, Honble National Company Law Tribunal (NCLT), Chandigarh for approval under the provisions of Insolvency and Bankruptcy Code, 2016. In this regard, kindly take note that the Honble Adjudicating Authority has been pleased to approve the resolution plan submitted by Liberty House Group Pte Ltd. vide order dated 25 July 2018.
The copy of the order as uploaded on the website of NCLT is enclosed herewith for your records. The certified copy of the order shall be provided to you on receipt at a later date.You are requested to kind…
Read the full article at: https://www.thehindubusinessline.com/companies/announcements/others/amtek-auto-ltd-corporate-insolvency-resolution-process-cirp-approval-of-resolution-plan-by-tribunal/article24513387.ece
A Braddon candidate declared bankrupt a decade ago says he won’t pull out from this weekend’s by-election even though he’s likely to be ineligible to sit in parliament.
Australian People’s Party candidate Bruno Strangio was declared bankrupt in 2008 – undischarged bankrupts are ineligible to sit in parliament.
Bruno Strangio,
He was one of 13 candidates across five by-elections who refused to sign optional forms setting out how they are eligible to enter parliament if they win.
But Mr Strangio told AAP he’d deal with any eligibility issues in the very unlikely event he won.
“Why would anyone want to pull out of the running of the race?,” he said on Wednesday.
“Winning is going to be hard but why would anybody want to resign, or withdr…
Read the full article at: https://www.irrigator.com.au/story/5547210/braddon-candidate-was-declared-bankrupt/
GlaxoSmithKline unveiled a major restructuring programme on Wednesday (PA) GlaxoSmithKline has announced a major restructuring programme that will see the company slash £400 million in …
Read the full article at: https://www.independent.ie/world-news/pharma-giant-gsk-announces-major-restructuring-drive-to-cut-400m-in-costs-37153564.html
If you get a gold-colored envelope in the mail from a place called RIP Medical Debt, dont throw it away. Its not junk mail, its good news: a group of Kansas City area doctors has paid your medical bills.
The Midwest Direct Primary Care Alliance announced Monday that it donated about $11,000 to buy $1.47 million worth of medical debt on behalf of 784 patients in Kansas…
Read the full article at: https://www.kansascity.com/news/business/health-care/article215430300.html
Shilpi Cable Technologies Limited informed the stock exchanges that an application was filed by resolution professional for the exclusion of period 24.05.2017 to 13.07.2017 from the period of 180/270 days on the basis that during said period, IRP was not appointed as the matters remains pending before the IBBI.
Likewise exclusion of time has been applied for in respect from 11.05.2018 to 07.06.2018 on the basis of application filed by CoC remained pending before the Adjudicating Authority-NCLT for substitution of the RP.
The said application was allowed by Honble NCLT, New Delhi Bench and the aforesaid period will not be counted for the purpose of CIR Process.
Pdf Link:
Shilpi Cable Technologies Ltd. – Corporate Insolvency Resolution…Read the full article at: https://www.thehindubusinessline.com/companies/announcements/others/shilpi-cable-technologies-ltd-corporate-insolvency-resolution-process-cirp-updates-corporate-insolvency-resolution-process-cirp/article24512082.ece
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Getty ImagesThe number of personal insolvencies in Scotland rose between April and June, according to new figures.
Accountant in Bankruptcy (AiB) reported 3,208 bankruptcies and protected trust deeds (PTDs) during the first quarter of the financial year.
The figure was up 11.8% on the same period last year, and 26.6% higher than the previous quarter.
PTDs rose year-on-year by 27.5% to 1,972, and were up by 34.7% from the January to March period.
A PTD is a legally binding arrangement where those in debt can make reduced payments over four years.
Meanwhile, bankruptcies fell by 6.5% to 1,238, compared with the…
Read the full article at: https://www.bbc.com/news/uk-scotland-scotland-business-44954930
The rate of personal insolvencies in King’s Lynn and West Norfolk has significantly increased over the last two years, official data has revealed.
In 2015, 17.6 adults per 10,000 were declared insolvent in the borough, according to Insolvency Service figures.
However by 2017 that figure had risen to 21.6, an increase of 22.5 per cent.
Insolvency is when someone cannot pay their debts, and has to arrange a plan with an official body to pay off creditors. This can include being declared bankrupt.
The England and Wales average is 21.4, with Stoke, in Staffordshire, having the highest insolvency rate of 45 people per 10,000 in serious debt.
Concept of paying by credit card. Business woman holds in her hand a bank card and gives into the camera…. Read the full article at: https://www.lynnnews.co.uk/news/22-5-increase-in-bankruptcy-9004771/
Sir,
Please refer the decision in 4th COC meeting held on 28.06.2018 wherein it was decided that Resolution Professional should seek extension in time-line from Honble Adjudicating Authority for compliance of insolvency resolution process.
RP had submitted application before the Honble Adjudicating Authority and the same had appeared for hearing on 13th July 2018. Honble Adjudicating Authority was pleased to extent the time-line for a period of 90 days. Now accordingly the resolution process to be completed within 90 days from the date of Order.Source : BSE – www.bseindia.com
Read the full article at: https://www.thehindubusinessline.com/companies/announcements/others/asis-logistics-limited-corporate-insolvency-resolution-process-cirp-updates-corporate-insolvency-resolution-process-cirp/article24511447.ece
John Townsend | ExclusiveThe West Australian
WAFL Retro: Great grand finals
Check out some of the WAFL’s greatest grand finals from yesteryear. Call Now ButtonGo to TopWest Perth have gone into voluntary administration as they attempt to deal with debts that have blown out to more than $600,000.
But as WAs oldest football club battles to avoid collapse, the WA Football Commission has provided a $250,000 loan that will keep the Falcons afloat for the rest of the season.
The loan will be quarantined to pay players and staff rather than reduce the debt that president Scott Ballem said was crippling the club.
It will be business as usual and this is simply a mechanism for our salvation and …
Read the full article at: https://thewest.com.au/sport/wafl/west-perth-enter-voluntary-administration-as-debts-blow-out-ng-b88907820z
