Real estate firm The Agency has ended a brief stint in administrationafter successfully fighting off a claim made by a former director. Director of investment group Magnolia, Mitchell Atkins, a former director at The Agency, appointed voluntary administrators BDOon January 19to pursue the real estate firm over a disputed fee of about $385,000, which he…
Scott MacDonald, Opinion contributor Published 5:00 a.m. ET Feb. 1, 2021 Forgiving student debt to help the economy is a hard sell. And how do you decide whose loan to forgive? There are complex fairness issues to weigh. What should be done aboutAmerica’s$1.6 trillion in outstanding student debt?There is more student debt than credit card…
Member Article Eleanor Temple, chair of insolvency and restructuring trade body R3 in Yorkshire and a barrister at Kings Chambers in Leeds, comments on the 2020 corporate and personal insolvency statistics for England and Wales: Corporate insolvencies There were 12,557 underlying corporate insolvencies in 2020 a fall of 27.1% from 2019s figure of 17,224. Underlying…
BELGRADE (Serbia), February 1 (SeeNews) Serbia’s Bankruptcy Supervision Agency is inviting bids for the sale of assets of insolvent bus transport company ATP Vojvodina, it said. The assets of ATP Vojvodina, with a combined estimated value of about 5.3 million euro ($6.4 million) will be offered for sale in three lots andinterested investors will be…
A Maltese-British man who recovered from a gambling addiction more than 10 years ago, is leading a campaign to force the UK government to ban betting firms from football shirt sponsorship. Matt Zarb-Cousin was hooked on slot machines in betting shops from the age of 16, racking up a gambling debt of 20,000 (22,600) in…
Ditching debt might seem like an impossible task amid ever-rising household costs, but Effie Zahos says there are simple strategies to get the job done. The financial commentator and author’s third book, which launches on February 2, aims to take a positive approach to help people move forward by repaying debt and then building wealth…
Small businesses have been urged to secure their assets and business loans on the Australian governments register of security interests ahead of an anticipated rise in insolvencies. Australian Small Business and Family Enterprise Ombudsman Kate Carnell believes many small businesses are not fully utilising the Personal Property Securities Register (PPSR) as protection in the event…
Pat Flynn A West Clare construction company is facing liquidation after the High Court was told examiners will not be able to save the business. The Currency reports that Keating Construction in Kilmihil will be wound up having faced debts of around 30 million. The firm employs around 150 workers and had been contracted to…
Liquidators for STA Travel Group have confirmed that creditors of the now-defunct agency network will not receive a cent by way of a return. The group made up of STA Travel Pty Ltd, STA Travel Academic Pty Ltd and IEP Pty Ltd collapsed in August last year after its parent companyfiled for insolvency, before being…
(Reuters) – Hainan Airlines Holding Co Ltd, HNA Groups flagship firm, is operating normally and could draw in new investors despite a bankruptcy filing, embezzlement charges and large asset impairments for the carrier last week, some analysts said. FILE PHOTO: A Hainan Airlines Airbus commercial passenger aircraft is pictured in Colomiers near Toulouse, France, November…