The company officially went under after failing to secure a £900m plus bailout on Saturday. Thousands of British holidaymakers found themselves stranded abroad without a replacement flights and others were left seeking assurance that their money would be refunded. Customers have been left in disarray in the biggest repatriation effort since The Second World War.…
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Former EastEnders actress Martine McCutcheon is having a rough time of it of late, with the newly single star recently declared bankrupt for a second time 13:25, 22 Jul 2025Updated 13:25, 22 Jul 2025 Martine McCutcheon faces financial turmoil as she declares bankruptcy amid health struggles and high spending(Image: @martinemccutcheon/instagram) Former EastEnders actress Martine McCutcheon…
The Insolvency and Bankruptcy Code (IBC) continues to strengthen corporate governance standards and the credit market, says Shailendra Ajmera, Partner, Transaction, Advisory Services at EY India, and an insolvency professional (IP). In an interview, he tells BT that IPs are expected to maintain the highest levels of integrity and accountability to ensure stakeholder trust in…
The Insolvency and Bankruptcy Code (IBC) has transformed the insolvency resolution regime in several fundamental ways, says M.S. Sahoo, former distinguished Professor, National Law University Delhi, and founder chairperson of the Insolvency and Bankruptcy Board of India (IBBI). In an interview to Business Today, he says the IBC has firmly established the primacy of market…
The Insolvency and Bankruptcy Code (IBC) has transformed the insolvency resolution regime in several fundamental ways, says M.S. Sahoo, former distinguished Professor, National Law University Delhi, and founder chairperson of the Insolvency and Bankruptcy Board of India (IBBI). In an interview to Business Today, he says the IBC has firmly established the primacy of market…
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The National Company Law Tribunal, Chandigarh Bench, comprising Harnam Singh Thakur (Member-Judicial) and Shishir Agarwal (Member-Technical), has disposed of an application seeking withdrawal of voluntary liquidation. The adjudicating authority held that even in the absence of specific provision under the IBC, it can allow the withdrawal of voluntary liquidation by invoking its inherent power under…
The debt management and credit repair sector is being probed following concerns that some may be operating dishonestly or unfairly, potentially leaving financially vulnerable consumers in a worse position. The Australian Securities & Investments Commission (ASIC) has announced it is reviewing the debt management and credit repair sector following concerns that some may have failed…
Labor’s student debt relief is likely to sail through parliament despite a Greens push for Labor to end indexation of Hecs debts and wind up Coalition-era fee hikes for humanities courses. Labor’s legislation to lower Hecs debt levels by about 20% for about 3 million graduates will be the first government bill to be introduced…