Data insight: UK Insolvency Service investigations bounce back – Lexology
Data insight: UK Insolvency Service investigations bounce back Lexology Read the original article here
As Debt Crushes Voters, Lula Paints Online Gambling as Villain – Bloomberg.com
As Debt Crushes Voters, Lula Paints Online Gambling as Villain Bloomberg.com Read the original article here
Winding-up petition issued against business for alleged debt
Vita Cellular Foams (UK) Ltd, based in Middleton, has instructed its solicitors, Spratt Endicott Limited, to present a winding-up petition against ZAS Furnishings Ltd to the High Court of Justice. The creditor claims it is owed money by the company and has asked the court to place the business into compulsory liquidation. If the petition…
Brightline reaches restructuring deal that will give it $490M in new capital
Florida’s Brightline has struck a restructuring agreement that will infuse the private high-speed passenger train service with $490 million in new capital while also lowering its debt. Assured Guaranty said on Friday that the financing commitments include $350 million of new junior debt and $140 million of additional senior debt. Assured said that Brightline Trains…
Paddy McKillen Jr declared insolvent with debts of over €27m
BUSINESSMAN PADDY MCKILLEN junior has been declared insolvent and has been granted a protection certificate by the High Court under the Personal Insolvency legislation which will protect him from his creditors for 70 days. Barrister Keith Farry, who appeared for McKillen in a pre-lunch application to the High Court, outlined before Mr Justice Michael Quinn…