Insolvency Guardian Media Centre

Stay informed with the latest in insolvency news and industry updates. We can keep you up to date with insolvency and finance information from around the world.
Bon-Ton Stores, parent company of Herbergers, announced Tuesday that  a winning bid of $775.5 million was made by liquidators Great
Disgraced Sydney businessman Salim Mehajer has launched a legal bid to overturn his bankruptcy, stating "only God" has the power
TWO DROITWICH companies have gone into liquidation leaving 34 staff members redundant, writes Anu Shukla. Flood Angel and UK Flood
Disgraced Sydney businessman Salim Mehajer has launched a legal bid to overturn his bankruptcy, stating "only God" has the power
Essar Steel owes around Rs 49,000 crore to banks, is the biggest asset on the block right now. New Delhi:
By Joanna Crawley For Mailonline Published: 19:52 AEST, 20 April 2018 | Updated: 20:14 AEST, 20 April 2018 e-mail 125
Controversial property developer Salim Mehajer has launched a Federal Court bid to overturn his bankruptcy while he awaits a court
The report presented by the Insolvency Law Committee has brought some hope to the homebuyers. Under the Insolvency and Bankruptcy
MUMBAI: With Alok Industries heading into likely liquidation, about 12,000 permanent employees of the company are set to lose jobs
Disgraced Sydney businessman Salim Mehajer has launched a legal bid to overturn his bankruptcy, stating "only God" has the power
National Australia Bank has flagged $755 million of pre-tax restructuring costs, putting the hit close to the upper end of
MUMBAI: With Alok Industries heading into likely liquidation, about 12,000 permanent employees of the company are set to lose jobs

Bon-Ton Stores, parent company of Herbergers, announced Tuesday that  a winning bid of $775.5 million was made by liquidators Great American Group and Tiger Capital Group and a group of Bon-Tons debt holders. 

While we are disappointed by this outcome and tried very hard to identify bidders interested in operating the business as a going concern, we are committed to working constructively with the winning bidder to ensure an orderly wind-down of operations that minimizes the impact of this development on our associates, customers, vendors and the communities we serve, Bill Tracy, chief executive of Bon-Ton, said in a statement.

Throughout …

Read the full article at: http://www.apg-wi.com/sawyer_county_record/free/bon-ton-parent-company-of-herberger-s-appears-headed-toward/article_cdbf897c-433f-11e8-aa45-ebe152575a5b.html

Disgraced Sydney businessman Salim Mehajer has launched a legal bid to overturn his bankruptcy, stating “only God” has the power to declare him insolvent.

A Federal Circuit Court judge declared the property developer bankrupt in March while he was in prison, having been refused bail over claims he staged a car crash and defrauded an insurance company.

But the former Auburn deputy mayor is expected to ask Justice Michael Lee to annul the decision on Monday.

The 31-year-old this week announced on social media platform Snapchat he’d lodged an application to “set aside this joke”, claiming “only God can bankrupt me”.

Mehajer successfully mounted a fourth bid for bail in early April following a two-month stint in jail. Last week he was fou…

Read the full article at: https://www.northerndailyleader.com.au/story/5355645/only-god-can-bankrupt-me-salim-mehajer/

TWO DROITWICH companies have gone into liquidation leaving 34 staff members redundant, writes Anu Shukla.

Flood Angel and UK Flood Barriers operated together as a company under the umbrella business Global Flood Defence Holdings.

Many of the employees, some who had worked for the company over the last seven years, said they expected their wages but were told to claim redundancies online instead.

Employees said they were shocked by the sudden news of their redundancies as their livelihoods had been put on the line.

Some said they would struggle to make ends meet as they waited for money from redundancies which could take up to six weeks to come through.

They said the administrator MB Insolvency had told them the redundancy cash was c…

Read the full article at: https://droitwichstandard.co.uk/news/two-droitwich-companies-have-gone-into-liquidation-leaving-34-staff-members-redundant/

Disgraced Sydney businessman Salim Mehajer has launched a legal bid to overturn his bankruptcy, stating “only God” has the power to declare him insolvent.

A Federal Circuit Court judge declared the property developer bankrupt in March while he was in prison, having been refused bail over claims he staged a car crash and defrauded an insurance company.

But the former Auburn deputy mayor is expected to ask Justice Michael Lee to annul the decision on Monday.

The 31-year-old this week announced on social media platform Snapchat he’d lodged an application to “set aside this joke”, claiming “only God can bankrupt me”.

Mehajer successfully mounted a fourth bid for bail in early April following a two-month stint in jail. Last week he was fou…

Read the full article at: https://www.theherald.com.au/story/5355645/only-god-can-bankrupt-me-salim-mehajer/

Essar Steel owes around Rs 49,000 crore to banks, is the biggest asset on the block right now.

New Delhi: ArcelorMittal and Nu Metal will get another chance to prove their credentials to take over Essar Steel, facing insolvency proceedings in bankruptcy court.

The Ahmedabad bench of the National Company Law Tribunal (NCLT) on Thursday declared invitation of the second round of bids for Essar Steel as invalid, brightening the chances for these two companies to another chance to acquire the bankrupt steel maker.

This has, however, put a question mark on Anil Agarwal-led Vedanta Resources prospects of taking over the steel firm. Vedanta had bid for Essar Steel in the second round.

ArcelorMittal, the worlds largest steel ma…

Read the full article at: http://www.asianage.com/business/companies/200418/nclt-declares-rebid-for-essar-steel-invalid.html

Joanna Crawley For Mailonline

She’s worked hard on an incredible health overhaul this year.

And Kerry Katona showed off the results of her two stone weight loss during a sunny day at the park in Tonbridge Wells on Thursday.

Kerry stripped off to make the most of the scorching temperatures as she picnicked with her youngest daughter DJ, three. 

Stripping off: Kerry Katona showed off the results of her two stone weight loss during a sunny day at the park in Tonbridge Wells on Thursday

Read the full article at: http://www.dailymail.co.uk/tvshowbiz/article-5637943/Kerry-Katona-flaunts-incredible-two-stone-weight-loss-bikini.html

Controversial property developer Salim Mehajer has launched a Federal Court bid to overturn his bankruptcy while he awaits a court ruling on whether he will be jailed for electoral fraud.

The former deputy mayor of the now-defunct Auburn Council is expected to ask Justice Michael Lee to annul the bankruptcy declaration at an urgent hearing on Thursday.


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