February 8, 2021 - Insolvency Guardian

AG Jennings’ Consumer Protection Unit files Action Against Unlicensed Debt-Management Services Company – State of Delaware News – news.delaware.gov

Debt HelpBy Insolvency Guardian February 8, 2021

AG Jennings Consumer Protection Unit files Action Against Unlicensed Debt-Management Services Company – State of Delaware News Read the latest news on coronavirus in Delaware. More Info NEWS FEED AG Jennings Consumer Protection Unit files Action Against Unlicensed Debt-Management Services CompanyDate Posted: February 8, 2021 Governor Carney Signs Unemployment Tax Relief LegislationDate Posted: February 8,…

More change ahead for insolvency system – Banking Day

BankruptcyBy Insolvency Guardian February 8, 2021

Temporary insolvency relief measures introduced in March last year as part of the governments COVID response ended last month but there is more change in store for the bankruptcy system. Attorney-General Christian Porter has released a discussion paper, outlining a range of possible permanent changes to the system. Following the end of the temporary measures:…

Update: ACG maintains Gabelli Value Plus+ liquidation would be ‘short-sighted’ – Investment Week

LiquidationBy Insolvency Guardian February 8, 2021

Two-thirds of GVP shareholders voted against continuation of the trust in July Associated Capital Group has claimed a vote to liquidate the Gabelli Value Plus+ Trust (GVP) would be short-sighted, as it confirmed it would abstain from voting on whether the trust should be discontinued and, ultimately, liquidated. The GVP board announced on Monday (8…

Cachar and Nagaon paper mills may go bankrupt, NCLT hearing again on Tuesday – Barak Bulletin

BankruptcyBy Insolvency Guardian February 8, 2021

In the process of recovering the Cachar and Nagaon paper mills, the National Companys Law Tribunal (NCLT) has postponed their hearing 8 times till now. Next hearing is scheduled for Tuesday, but the government is yet to come up with a plan or proposal to recover the two paper mills. On September 10 last year,…

Dissenting creditors bound by restructuring plan in UK first – Out-Law.com

LiquidationBy Insolvency Guardian February 8, 2021

The decision will provide greater clarity for companies and insolvency practitioners seeking to implement restructuring plans under Part 26A of the Companies Act 2006. A restructuring plan is a new form of restructuring tool introduced in June 2020 by the introduction into law of the Corporate Insolvency and Governance Act. This is only the third…

Update: ACG maintains GVP liquidation would be ‘short-sighted’ – Investment Week

LiquidationBy Insolvency Guardian February 8, 2021

Real Estate Debt and UK Corporate Insolvency Act 2020 The Moratorium – The National Law Review

BankruptcyBy Insolvency Guardian February 8, 2021

Monday, February 8, 2021 In late June 2020, the UKs Corporate Insolvency and Governance Act (the Act) became law.1 While the Act was passed in response to the Coronavirus Disease 2019 (COVID-19) pandemic and its economic ramifications, it represents a significant legislative step forward in promoting the rescue culture in respect of financially distressed business…

7-year ban for caterer who failed to pay taxes – Mirage News

BankruptcyBy Insolvency Guardian February 8, 2021

Patrick Olusoji Ekundayo (66), from Edmonton in London, was the sole director of Peaches Limited. The company, incorporated in August 2010, provided catering services and managed social events. At its most successful trading period, Peaches Limited hosted up to 60 functions per year and took an average of 10,000 to 15,000 per event. By March…

Boohoo Buys Last of Arcadia Brands: Dorothy Perkins, Wallis and Burton – WWD

BankruptcyBy Insolvency Guardian February 8, 2021

LONDON Boohoo has bought the last batch of Arcadias high-street brands Dorothy Perkins, Wallis and Burton in a deal that marks the end of an era for Sir Philip Greens once-mighty, and now bankrupt, British retail group. Boohoo, which had been in exclusive talks to buy the three names from Arcadia, is paying 25.2 million…

KPMG believes Soar Aviation was insolvent a year before administration – Australian Aviation

LiquidationBy Insolvency Guardian February 8, 2021

KPMG believes Soar Aviation was insolvent a year before administration Each day, our subscribers are more informed with the right information. SIGN UP to the Australian Aviation magazine for high-quality news and features for just $99.95 per year Read the full article at: https://australianaviation.com.au/2021/02/kpmg-believes-soar-aviation-was-insolvent-a-year-before-administration/

Daily Archives: February 8, 2021