Administrator’s report alleges One of a Kind Community Support likely ‘traded insolvent’ and may have misspent money – The Northern Daily Leader

Liquidation

Tamworth charity One of a Kind Community Support faces allegations it traded insolvent and that managers misspent thousands of dollars before the organisation went into administration in 2019, according to a voluntary administrator report published this week. The 49-year-old charity was forced to sell almost all of its assets, including several buildings it owned. It…

The First Test Case of the Cross-Border Arrangement Between Hong Kong and Mainland China on Insolvency and Restructuring Matters – JD Supra

Liquidation

In the groundbreaking recent decision in Re Samson Paper Company Limited (in Creditors Voluntary Liquidation) [2021] HKCFI 2151 (Samson), the Hong Kong Companies Court (the Hong Kong court) has for the first time issued a letter of request to a court in mainland China under the new cross-border mutual recognition, assistance and cooperation arrangement between…

Administrator’s report alleges One of a Kind Community Support likely ‘traded insolvent’ and may have misspent money – The Northern Daily Leader

Liquidation

Tamworth charity One of a Kind Community Support faces allegations it traded insolvent and that managers misspent thousands of dollars before the organisation went into administration in 2019, according to the report of a voluntary administrator published this week. The 49-year-old charity was forced to sell almost all its assets, including several buildings it owned,…

Women Cancer Victims Opposed to Johnson & Johnson’s ‘Texas Two-Step’ Bankruptcy Ploy Urge Passage of Reforms Introduced by Warren, Durbin, Nadler, Blumenthal, and Maloney – Yahoo Finance

Bankruptcy

WASHINGTON, July 29, 2021 /PRNewswire/ — More than 30,000 women cancer victims would retain their constitutional right to have juries decide if talc in Johnson & Johnson’s (NYSE:JNJ) baby products caused their ovarian cancer under bankruptcy reforms proposed Wednesday by key lawmakers in the U.S. Senate and House of Representatives. The Nondebtor Release Prohibition Act…

Ombud advocates for return of temporary insolvency protections – The Mandarin

Bankruptcy

Australias Small Business and Family Enterprise Ombud is calling on the federal government to reactivate temporary insolvency protections that will help cushion small and family businesses during public health ordered lockdowns. The number of businesses going into administration increased by 75% in the last week of June 2021, according to new data released by CreditorWatch.…