Honeypot Cafe owner Brendan Alcock.
Christchurch’s Honeypot Cafe has gone into liquidation for a second time, owing at least $250,000.
Owners Brendan and Sophie Alcock took over the Colombo St cafe on August 7, 2013, after the previous company,running it went into liquidation.
The couple, who were new to the hospitality industry, were now trying to sell the business after their company, Sanders Ltd, also went into liquidation.
An initial liquidators report said the company owed at least $250,000.
Liquidators were appointed on Nov…
Read the full article at: http://www.stuff.co.nz/business/small-business/75205642/christchurchs-honeypot-cafe-goes-into-liquidation-again
As we have covered on a number of occasions of late there is serious concern that personal insolvency numbers, which could lead to bankruptcy or IVAs, could hit record highs in 2009. A number of the major UK accountancy firms have come forward over the last few days forecasting that record numbers of the UK population will be hit by serious financial concerns which could result in the repossession of homes and substantial assets.
While some of the UK population seem destined for serious financial concerns there are many who appear to be ignoring their difficult situations and making matters worse. It is vital that at the first sign of financial hardship or a significant reduction in income that professional adv…
Read the full article at: https://www.financialadvice.co.uk/news/6/loans/9114/personal-insolvency-set-to-increase-in-2009.html
MEXICO CITYMexican construction company Empresas ICA SA
B said Friday that it wont make a $31 million bond interest payment when its grace period expires at the end of the month.
The company added it will seek to restructure its debt and operations in what could lead to Mexicos biggest corporate bond default in at least six years.
Mexicos largest construction company, which has faced cash-flow problems, said that it wont make the payment on its $700 million in 8.875% notes due 2024 to keep cash for operations and funding of projects. The payment was initially due Nov. 30, but the c…
Read the full article at: http://www.wsj.com/articles/mexican-construction-company-ica-reviewing-strategic-alternatives-1450451325
CLOSED: The empty Aussie Detecting & Prospecting shop in Golden Square. Picture: NONI HYETT
THE owners of a gold detecting shop in Golden Square that has closed down owing customers thousands of dollars have filed for bankruptcy, documents confirm.
Brad and Stacey Wilson ran Aussie Detecting & Prospecting in High Street before closing their doors in October. They continue to operate a website using the same logo to advertise gold detecting equipment.
The Advertiser has received multiple complaints from customers who say they are owed money for gold detectors and other equipment that was never delivered. The closure has also sparked significant criticism of Mr Wilson in online forums, though police do not consider the matter a criminal on…
Read the full article at: http://www.bendigoadvertiser.com.au/story/3586497/gold-shop-closes-owing-thousands/?cs=80
December 18th, 2015 by Joshua S Hill
Leading China-based solar PV manufacturer, Trina Solar, has announced it is restructuring the company by splitting it into two separate units.
It has been an interesting week for Trina Solar, after first receiving a buyout offer from the companys own Chairman and Chief Executive, before then seeing its stock prices jump as a result of a successful COP21 climate agreement and an extension to the United States lauded solar Investment Tax…
Read the full article at: https://cleantechnica.com/2015/12/18/trina-solar-announces-restructuring-splits-company-two/
WASHINGTON, DC — Congress passed its catch-all spending bill with little help for Puerto Rico drawing an angry condemnation from the U.S. territory’s governor Friday.
The bill passed 318-109 with 166 aye votes from Democrats, several of whom had been insisting the bill include debt relief for Puerto Rico. Several backed the sweeping bill, which had to pass to keep government open, after getting assurances that House Speaker Paul Ryan would address the Puerto Rico’s debt issues by March next year.
“By not acting now, Congress has opted for the U.S. commonwealth to default on its obligations and unfol…
Read the full article at: http://www.nbcnews.com/news/latino/pelosi-speaker-ryan-take-legislation-help-puerto-rico-n482376
December 18th, 2015 by Joshua S Hill
Leading China-based solar PV manufacturer, Trina Solar, has announced it is restructuring the company by splitting it into two separate units.
It has been an interesting week for Trina Solar, after first receiving a buyout offer from the companys own Chairman and Chief Executive, before then seeing its stock prices jump as a result of a successful COP21 climate agreement and an extension to the United States lauded solar Investment Tax…
Read the full article at: http://cleantechnica.com/2015/12/18/trina-solar-announces-restructuring-splits-company-two/
Another round of investors are fleeing troubled law firm Slater & Gordon as speculation mounts its board is clearing the decks ahead of a potential corporate restructure, while lawyers poise themselves to launch class action suits against the class action specialist.
At the 4.15pm (AEDT) official market close on Friday, Slater & Gordon shares had dropped a further 6.74 per cent to 83c — against a benchmark lift of 0.09 per cent — following a 17 per cent crash on Thursday after managing director Andrew Grech abandoned the law firms earnings guidance just two weeks after recently doubling down on the forecasts.
The stock has plummeted nearly 90 per cent from a peak near $8 a share in April this year as aggressive accounting problem…
Read the full article at: http://www.businessspectator.com.au/news/2015/12/18/industries/firms-gear-slater-class-action
Honeypot Cafe owner Brendan Alcock.
Christchurch’s Honeypot Cafe has gone into liquidation for a second time, owing at least $250,000.
Owners Brendan and Sophie Alcock took over the Colombo St cafe on August 7, 2013, after the previous company,running it went into liquidation.
The couple, who were new to the hospitality industry, were now trying to sell the business after their company, Sanders Ltd, also went into liquidation.
An initial liquidators report said the company owed at least $250,000.
Liquidators were appointed on Nov…
Read the full article at: http://www.stuff.co.nz/business/75205642/Christchurchs-Honeypot-Cafe-goes-into-liquidation-again