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Wellington fashion label Starfish has gone into liquidation, with founder Laurie Foon saying the current business model is not working for small designers. The business was placed into liquidation on Wednesday and is now for sale. Liquidator John
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In the best-case scenario, creditors may receive 18.9 cents in the dollar back, and in the worst case scenario, nothing. Starplus' sole shareholder, Richard Lee, put the company into voluntary liquidation last month, appointing Auckland chartered
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Part 5 of 7 Sunday, May 5, 2013 Broadly speaking, there are two different ways to go bankrupt: liquidation (Chapter 7) or reorganization (Chapter 11 or Chapter 13). In the next two sections, I will introduce you to these two variations and explain,
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Export and Industry Bank in May, a top agency official said Monday...We can start selling the assets even without the court order. but the proceeds of the asset sale cannot be distributed without the court order, she said. Orbeta added that one of
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Chapter 7 Central Florida individuals and businesses that have filed for liquidation under Chapter 7 of the U.S. Bankruptcy Code include: MiPark Marketing Services Inc. , 13744 Dornoch Drive, Orlando...Major creditors: Noland Co., care of May,
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A judge on Friday said creditors can vote on Arcapita Bank 's proposal to wind itself down and sell off its assets, a plan that has support among many of the creditors the Bahraini investment bank plans to pay back...Bankruptcy Court in Manhattan
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A housing developer behind collapsed Starplus Homes set up a new property development company just a month before abandoning over 100 building sites and placing the failed company into liquidation. Starplus shareholder and director, Aucklander
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Mitre 10 Hamilton, claiming $1.1 million in unpaid bills, was to have its application for the appointment of an interim liquidator to the Chinese-owned and operated company heard by the High Court at Hamilton tomorrow. Companies Office records show
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Mitre 10 Hamilton has asked the High Court to put house builder Starplus Homes into liquidation. The big hardware outlet says Starplus Homes, which ceased trading over a week ago, owes it $1.1 million in unpaid bills. Hamilton lawyer Murray Branch,
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It is expected to make little difference to unsecured creditors, including suppliers to the business, who can expect little return on what they are owed...The administrators, lead by Lawler Partners John Vouris, who opposed the wind up, have been
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