A High Court ruling that will allow a 54-year-old woman pay a mortgage until she is 90 could help an estimated 20,000 people who are unable to pay Celtic Tiger-era debts. Mr Justice Mark Sanfey signed off on a personal insolvency arrangement a form of financial rescue for heavily indebted borrowers that will allow Co…
Months after sweeping changes to insolvency laws, the budget revealed the government will re-examine what should happen when businesses go bust. Key points: Laws around how failed businesses are wound-upwill be re-examined Broad, temporary protections set up during the pandemic have ended Sweeping changes were introduced in January, but have notbeen used much That could…
The High Court has approved a Personal Insolvency Arrangement that will see a 54-year-old woman continue to make mortgage repayments on her family home until she is 90 years of age. Mr Justice Mark Sanfey approved the PIA in respect of Esther Kirwan, from Moycarkey, Thurles, Co Tipperary, in what is a regarded as an…
TAP Air Portugal (TP, Lisbon) has filed an application in the Commercial Courts of Lisbon for the liquidation of its groundhandling company, Servicos Portugueses de Handling, S.A. (SPdH), also known by its trademark Groundforce Portugal. The airline is a creditor of Groundforce, which to date has provided ground-handling services to TAP at Lisbon, Porto, Faro,…
Enlarge this image National Rifle Association CEO Wayne LaPierre at the group’s annual meeting in Dallas in May 2018. A secretive figure, LaPierre makes few public appearances outside of carefully scripted speeches. Daniel Acker/Bloomberg via Getty Images hide caption toggle caption Daniel Acker/Bloomberg via Getty Images Updated at 6:43 pm ET A federal bankruptcy judge…
ilumoni, the start-up app that aims to help people to borrow well, has raised 1.2m in an over-subscribed seed funding round after successfully launching in Beta earlier this year. The purpose-led, AI-driven fintech had previously raised 455,000 in pre-seed funding, which saw the initial build of the first version of the app. The app went…
Member Article North East business owners trying to get their operations back up to full speed as the economy reopens are potentially facing a triple challenge to achieving their goals. Thats the view of Alexandra Withers, North East chair of insolvency and restructuring trade body R3, who was speaking after the publication of the official…
Chua See Hua Christopher & Lee Ong has hired Chua See Hua as a partner and co-head of the restructuring and insolvency practice in Kuala Lumpur. She joined with a team from her boutique firm Chua Associates that she founded in 2010. Her practice extends to advising major corporations on transactions involving acquisitions and divestments…