Articles about Liquidation

Borked Bitcoin bunker MtGox in administration: Lawyer seizes control

Collapsed Bitcoin exchange MtGox has been put into administration by a court in Japan, where the website is based, after it became clear the site's chances of recovery are nil. The biz, which has mislaid half a billion dollars of BTC, was granted protection from creditors in February by the Tokyo District Court as it battled …
closed_sign shut down under collapsed liquidation

Quadrant Visual Solutions goes into liquidation

Quadrant Visual Solutions (QVS) has shut up shop after 25 years in business, having succumbed to the oldest business-killer of all: it ran out of cash. The Derbyshire-based AV integrator and IT reseller ceased trading on 7 June and a credit meeting has been called for the 28 June. Former XMA IT Solutions director and QVS …
Paul Kunert, 18 Jun 2013
Man wrinkles his eyes in an expression of pain, annoyance or dsicomfort

Micro Anvika Stratford goes titsup - 2012 Games 'boom fell flat'

Micro Anvika Stratford (MAS) is in the process of being liquidated, just months after opening its first Samsung-backed and branded East London store in readiness for the Olympics. Re10, which was appointed administrator of associated company Micro Anvika, is also handling the affairs of MAS and a creditors' meeting has been …
Paul Kunert, 25 Sep 2012

France's biggest Apple reseller shuts up shop

Lawsuits are all that remain of France's biggest Apple reseller after no credible bidders came forward to save the business. eBizcuss officially went into liquidation on 31 July, after 36 years of trading. We understand that there were at least two offers for the reseller but none were sufficient to save the business. eBizcuss …
Anna Leach, 6 Aug 2012
channel

Sumlock Electronics faces liquidation

North East-based family-run reseller Sumlock Electronics is to be liquidated, according to a filing to Companies House. The VMware, NEC and Sophos partner, which was incorporated in 1976, is understood to have encountered terminal cash flow difficulties in recent months that forced it to shut up shop. Business advisor Walsh …
Paul Kunert, 28 Feb 2012
arrow pointing up

Streamline Computing goes titsup

Small resellers continue to drop like flies, with Warwick-based Streamline Computing the latest to cease trading and enter liquidation proceedings. The high-performance computing specialist, which flogs Dell and HP systems, confirmed on its company voicemail that it has "gone into liquidation". Acting on behalf of Streamline …
Paul Kunert, 23 Nov 2011
channel

Flood of liquidations as credit dries up

Figures from the Insolvency Service show a big jump in the number of English and Welsh firms going into either compulsory or voluntary liquidation. Compulsory liquidation and creditors' voluntary agreements hit 4,941 firms in the first quarter of 2009, up 56 per cent on the same three months of 2008. 316 companies went into …
John Oates, 1 May 2009
vulture tv reporter

Government rejects call to limit insolvency firms' fees

Minister for Employment Regulations Pat McFadden yesterday rejected calls to set controls on how much administrators can charge when a company goes into liquidation. MP Gordon Banks called for the minister to set maximum limits and reduce fees charged by administrators and receivers handling company collapses. Fees are worked …
Team Register, 10 Mar 2009
The Register breaking news

BenQ administrator threatens to sue Siemens

Was BenQ Mobile insolvent in May 2006, long before it filed for liquidation? The company's insolvency administrator in Germany, Martin Prager, is preparing a multi-million euro lawsuit against Siemens in the belief that it was. German paper Die Welt broke the news on Saturday, but initially a spokeswoman for the insolvency …
Jan Libbenga, 7 Jul 2008

Create a news alert about Liquidation, or find more stories about Liquidation.

Biting the hand that feeds IT © 1998–2017