A bankrupt builder from Devon persuaded pensioners to pay him 271,000 to construct a home – but his poor workmanship has led to the couple having to live in a caravan. James Prentice was sentenced to six months in prison, suspended for two years, was ordered to carry out 150 hours of unpaid work and…
Breadcrumb Trail Links Personal Finance Columnists Credit debt has decreased in Canada, but thats little comfort if youre struggling with your own bills. Heres how to get back on track. Author of the article: Scott Hannah File photo of a Mastercard credit card. Photo by Reuters Article content Q: My partner and I were looking…
The High Court has approved Personal Insolvency Arrangements that will allow former newspaper owner John Sheils, and his wife businesswoman Susan Casey, continue to make mortgage payments on their Co Kilkenny home until they are in their mid-eighties. The approval, made by Mr Justice Mark Sanfey, will see the couple retain their family home, Annamult…
Advertisement Monday, July 5, 2021 Last year, the Corporate Insolvency and Governance Act 2020 made a number of changes to the UK insolvency landscape. Amongst the changes, was the addition of the ipso facto regime, which prevents suppliers terminating supply contracts as a result of insolvency-related events. Up until 30 June 2021, small suppliers were…
A builder who broke his bankruptcy order by taking thousands of pounds in deposits before carrying out substandard work has received a suspended jail sentence. Exeter Crown Court heard that James Prentice, 41, of Kingsbridge, Devon, was declared bankrupt in 2014 but was allowed to continue working through his company JSP Woodworx, provided he did…
You need to make sure that debt consolidation makes financial sense for you. Debt consolidation can be a good way to take control of your finances. One of the advantages of debt consolidation is that you’ll simplify the process of becoming debt free. You will have only one loan to pay instead of having multiple…
Personal Insolvency arrangements have been approved by the High Court that will allow former newspaper owner John Sheils and his wife businesswoman Susan Casey continue to make mortgage payments on their Co Kilkenny home until they are in their mid-eighties. The approval, made by Mr Justice Mark Sanfey, will see the couple retain their family…
Unsecured creditors in formerly ASX-listed, failed Gold Coast-based dental company Smiles Inclusive have been dealt the final nail in the coffin of their dreams to recover investments, including joint venture partner (JVP) debt claims of close to $100 million. Following a creditor vote last Wednesday in favour of liquidating Smiles Inclusive’s Totally Smiles (TS) dental…
Crown Resorts expects net debt of AU$900m ($676m) for the full year ended 30 June 2021. The companys EBITDA after closure costs is predicted to be between AU$90-100m. Crown also expects to record a statutory loss after tax for the full year. Last years AU$450m project finance facility, meant to support the construction of Crown…
July 5, 2021 Intelsat, currently managing its way as a Debtor in Possession of its Chapter 11 bankruptcy restructuring process, has asked its court to confirm its June 23rd appointment of a restructuring advisor. Intelsat requested the bankruptcy courts permission on July 2nd to retain Portage Point Advisors LLC to render independent financial advisory services…