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Grollo escapes liquidation of collapsed Grocon empire We’re sorry, this service is currently unavailable. Please try again later. Dismiss Normal text size Advertisement Property scion Daniel Grollo has avoided the humiliation of his collapsed Grocon construction empire being liquidated after the tax office and creditors of 88 failed companies voted to accept an arrangement that will see small creditors and employees paid out. Creditors met on Thursday to vote on Mr Grollo’s proposal for an amended Deed of Company Arrangement (DOCA), which included a $6 million upfront payment to the Australian Tax Office (ATO) and a full payout of employee entitlements and small creditors owned less than $10,000. ....
Grollo escapes liquidation of collapsed Grocon empire theage.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theage.com.au Daily Mail and Mail on Sunday newspapers.
Avranches. L'entreprise Maé Agencement reprise par Idée Fixe lamanchelibre.fr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from lamanchelibre.fr Daily Mail and Mail on Sunday newspapers.
SHARE The administrators of NMC Health outlined a restructuring plan to lenders owed about $6.4 billion by the company, which would lead to more than $4bn of its debts being wiped out. Joint administrators from Alvarez & Marsal outlined a Deed of Company Arrangement plan which would mean lenders agreeing to compromise their claims in return for exit instruments in a new holding company, with a view to achieving a controlled exit from the company within three years. A presentation to lenders stated that administrators have so far received 927 claims from creditors, but there are 10 other main financial creditors that have yet to file before a deadline at the end of this month, which could add a further $650m to the total. ....
Greensill Capital Creditors, Led by Softbank, Submit More Than $1.4 Billion in Claims insurancejournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from insurancejournal.com Daily Mail and Mail on Sunday newspapers.