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Cash Flow Insolvency News Monitoring

  • Published on Jan 10, 2021

    Govt's grave concern at DHB deficits during Covid response

    Exterior of Auckland City Hospital. Photo / Doug Sherring Two of New Zealand's biggest DHBs were given a stark warning about the state of their finances as the country grappled with the Covid-19 pandemic. The state of Canterbury DHB's books …

    Source: New Zealand Herald - Neutral
  • Published on Nov 23, 2020

    Family who founded Ina’s Kitchen Desserts ask court to appoint examiner

    A family who established a chocolate food products firm in Co Dublin almost 30 years ago, currently employing about 100 people, want the High Court to appoint an examiner to the company. Mr Justice Michael Quinn was told Ina’s Kitchen Desserts Ltd is …

    Source: The Irish Times - Neutral
  • Published on Nov 23, 2020

    Family urge court to appoint examiner to chocolate foods firm

    A family who established a chocolate food products firm in Co Dublin almost 30 years ago, currently employing about 100 people, want the High Court to appoint an examiner to the company. Mr Justice Michael Quinn was told Ina’s Kitchen Desserts Ltd is …

    Source: Breaking News from Ireland - Neutral
  • Published on Oct 12, 2020

    Examiner confirmed for two Keating group companies

    The High Court has confirmed the appointment of an examiner to two companies in the Keating group of specialist marine and general engineering companies. Mr Justice Denis McDonald appointed Kieran Wallace of KPMG on Monday as examiner to L & M Keating …

    Source: Breaking News from Ireland - Neutral
  • Published on Oct 2, 2020

    Marine contractors seek examiner over impact of Covid shutdown

    An interim examiner has been appointed by the High Court to two companies in the Keating group of engineering and building services companies. L & M Keating Ltd and Kilmihil Rental Store Ltd, with registered offices in Kilmihil, Co Clare, are among the …

    Source: Irish Times - Neutral
  • Published on Oct 2, 2020

    Interim examiner appointed to two engineering firms in Keating group

    An interim examiner has been appointed by the High Court to two companies in the Keating group of engineering and building services companies. L & M Keating Ltd (LMK), and Kilmihil Rental Store Ltd (KRS), with registered offices in Kilmihil, Co Clare, …

    Source: Breaking News from Ireland - Neutral
  • Published on Sep 16, 2020

    Irish landlords fear New Look examinership is 'contrived'

    An application to confirm the appointment of an examiner to the Irish arm of the fashion retail chain 'New Look' has been adjourned at the High Court following concerns from landlords. Kelley Smith BL, for the company, secured an adjournment on …

    Source: Breaking News from Ireland - Neutral
  • Published on Aug 18, 2020

    Closing a limited company: How to close a company?

    August 18, 2020August 18, 2020   Everyday there is a new company that opens and closes due to different reasons. Starting a company is a lot easier than closing a company. You must be thinking, how this could be so. It is not as easy as it sounds. Starting …

    Source: BCW - Neutral
  • Published on Aug 3, 2020

    Coronavirus: How the 4 biggest economies try to stem insolvencies

    The full scope of the coronavirus pandemic's destruction wrought on economies worldwide emerged starkly last week, when a number of countries published their growth figures for the second quarter of 2020 — the period in which national lockdowns …

    Source: Deutsche Welle - Public Broadcaster
  • Published on Apr 4, 2020

    Flattening another coronavirus curve: The cash-flow gap

    These are tough times for business owners due to the COVID-19 crisis. Experiencing substantial declines in sales or even a complete suspension of operations, they face cash-flow insolvency threats. Indeed, a recent survey of small Canadian companies by the …

    Source: Salon - Left-wing
  • Published on Mar 20, 2020

    German restaurant chain Vapiano opens insolvency proceedings

    Business German restaurant chain Vapiano SE on Friday said it had opened insolvency proceedings and would apply for government assistance programs to avoid bankruptcy, blaming the corona crisis for a further drop in sales. 20 Mar 2020 06:36PM Bookmark …

    Source: Channel News Asia - Public Broadcaster
  • Published on Mar 20, 2020

    BRIEF-Vapiano Sees Further Drastic Decline In Sales And Earnings Due To Covid-19 Crisis

    March 20 (Reuters) - VAPIANO SE: * OCCURRENCE OF CASH FLOW INSOLVENCY (‘ZAHLUNGSUNFÄHIGKEIT’), FURTHER DRASTIC DECLINE IN SALES AND EARNINGS DUE TO COVID-19 CRISIS * ALMOST ALL OF MORE THAN 230 RESTAURANTS WORLDWIDE HAD TO BE CLOSED * SITUATION OF COMPANY …

    Source: Reuters - Neutral
  • Published on Oct 9, 2019

    MATATA FILES FOR LIQUIDATION

    MBABANE – Due to insolvency, the directors of Matata Retail (Proprietary) Limited have resolved to have the company liquidated. Insolvency is the state of being unable to pay money owed, by a person or company, on time; those in a state of insolvency are …

    Source: Times of Swaziland - Uncategorized
  • Published on Oct 9, 2019

    Investment firm responsible for £1bn assets goes into special administration

    Reyker Securities, an investment management firm responsible for £1bn of assets, has entered special administration amid “financial difficulties” following a failed attempt to sell the firm. The company, which has around 15,000 clients, had been pursuing …

    Source: City A.M. - Uncategorized
  • Published on May 23, 2019

    Canadians’ insolvency problems might not be as bad as everyone thinks, C.D. Howe says

    The increase in Canadian insolvency filings may be less serious than previously thought, according to one of the country’s top economic research institutions. Consumer insolvencies in Canada rose to the highest in eight years in March. However, it’s …

    Source: Calgary Herald - Neutral
  • Published on May 23, 2019

    Casino's parent Rallye placed under creditors' protection

    PARIS (Reuters) - A Paris commercial court on Thursday placed Rallye, the parent company of retailer Casino, which is battling investor concerns over its high debt, under creditors’ protection for at least six months. FILE PHOTO: The logo of Casino shop is …

    Source: Reuters - Neutral
  • Published on Mar 13, 2019

    Field condemns TPR failure to act on Johnston Press pension

    Frank Field criticised the watchdog’s decision to drop the probe, after it said there was no evidence to suggest the insolvency was avoidable or that the administration was planned to circumvent payment of deficit repair contributions. Johnston Press and …

    Source: Pensions Expert - Neutral
  • Published on Sep 13, 2018

    EXCLUSIVE: British expats in Spain lose MILLIONS following mysterious collapse of foreign exchange firm

    CEASED TRADING: Premier FXEXPATS in Mallorca may have lost millions over the suspicious collapse of a foreign exchange firm being probed over ‘criminal activity’. Dozens of victims have lost up to €400,000 each in life savings after Premier FX Limited was …

    Source: Olive Press - Neutral
  • Published on Aug 2, 2018

    Staff-Of-5-Merged-Banks-Are-All-Employees-Of-Consolidated-Bank

    The Bank of Ghana (BoG) on Wednesday merged five banks to form Consolidated Bank Ghana Limited. The Banks are: uniBank Ghana Limited, The Royal Bank Limited, Beige Bank Limited, Sovereign Bank Limited, and Construction Bank Limited. Meanwhile, BoG has …

    Source: Peace FM - Neutral
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