Understand what it is Buy now, pay later (BNPL) is a form of credit that lets you spread payments for everything from clothes, jewellery and white goods to concert tickets, hotel rooms and takeaway meals. Typically the cost is split into three or four instalments that you pay off over a few weeks or months,…
Council convener banned as company director over unpaid tax BBC Read the original article here
The convener of Shetland Islands Council has been banned as a company director for three and a half years over unpaid tax. Andrea Manson’s pub company, Mid Brae Inn Limited, owed HM Revenue and Customs (HMRC) at least £178,860 when it went into liquidation in May 2023. UK government agency The Insolvency Service said the…
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Nacon is in big trouble following majority shareholder Bigben Interactive failing to make the partial repayment of its bond loan to its bondholders. According to Nacon, this was due to “an unexpected and late refusal by its banking pool”. Nacon acts as both a hardware manafacturer (mainly controllers) and as a publisher publishing titles made…
An Edinburgh retailer has collapsed into liquidation bringing another blow to the high street. All nine employees currently working at the firm’s two sites in the capital and Glasgow are set to be made redundant. Bespoke jewellery firm The Ringmaker has collapsed into liquidation after 40-years of trading. It’s claimed the move comes after the…
Scottish councillor banned as company director over £170,000 unpaid taxes The Scotsman Read the original article here
New Delhi, Feb 25 (KNN) The Supreme Court on Tuesday observed that the existence of a debt restructuring arrangement does not prevent the initiation of a Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code (IBC). A Bench of Justices Sanjay Kumar and K Vinod Chandran set aside a ruling of the National…
French AA publisher and developer Nacon has filed for insolvency. As IGN reports, Nacon announced last week that its majority shareholder, Bigben Interactive, was unable to make a €43 million loan repayment. This was due to the “unexpected refusal of its banking pool to respond to the drawdown notice.” Bigben Interactive holds 56.72% of Nacon’s…
Video game publisher Nacon has filed for insolvency. As part of the process, the trading of its shares on the Euronext Paris markets has been suspended, with the share prices it announced on February 20th being in effect. The reason for this filing, according to the press release, comes down to majority shareholder Bigben Interactive…