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Receivers whittle down roading company's debt but some will miss out. Photo / file Trade creditors owed $11.2 million from a collapsed Auckland roading company are not going to see any of their money back, according to the latest receivers' report.
In fact, the term means a lot of different things to a lot of different people...However, if you simply run this calculation each period to try to analyze working capital, you won't accomplish much in figuring out what your working capital needs are
Wednesday August 29 2012 Trade creditors from collapsed firms associated with hurling great DJ Carey have yet to see any money from the liquidation of the cleaning companies. In February of last year, DJ Carey's contract cleaning business, DJ Carey
The West Coast Brewery, run by Good Bastards founder Paddy Sweeney, is to be liquidated owing about $334,000 to the Inland Revenue Department and trade creditors. The company is a subsidiary of Westcoast Brewing, which was founded by Queensland
Nakheel is all set for the second tranche of Dh4.8 billion Islamic bond, or sukuk, to be issued to its trade creditors by the end of April, chairman Ali Rashid Lootah said on Wednesday. The developer of palm-shaped island issued the first tranche of
Nakheel, the developer of Dubais palm-shaped islands, said on Thursday it has made payments to the tune ofDh7.3 billion ($2 billion) to its trade creditors. Todays announcement marks another significant progress in our recapitalisation plan,
United Arab Emirates (AP) — Nakheel, the indebted state developer behind Dubai's man-made islands, said Wednesday it has completed its long-awaited financial restructuring and will issue $1 billion in Islamic bonds to some of its creditors.
00 05/08/2011 For trade creditors owed almost $20m, the leap of faith at yesterday's RedGroup Retail watershed meeting was a legal opinion too far...But not before a presentation from administrator Ryan Eagle, on a flying visit from insolvency firm
Indebted Dubai developer Nakheel is being sued by its former CEO Chris O’Donnell for breach of contract, legal papers have confirmed. O’Donnell, who stepped down earlier this month after five years at the helm of the Dubai
Nakheel,the property arm of Dubai World, on Sunday edged close to complete its multibillion dollar debt-restructuring deal in June as it payed Dh5 billion to its trade creditors. Nakheel has to date made payments of Dh5 billion to its trade creditors,