My Job: Telling business owners the hard truths about their finances

Background: A restructuring and insolvency expert, advising a wide range of firms on navigating financial distress, complex restructuring, recovery and special situations. Declan Hanley assists Irish businesses adapt and plan for the future.  As a licensed insolvency practitioner with experience across liquidations, receiverships and examinerships, he has also advised business owners who are facing the…

The husband used his younger brother’s wedding money to pay off gambling debts, and his mother-in-law then forced her daughter-in-law to buy gold to compensate.

Even more painful, when the truth was revealed, she wasn’t the one who took the money to gamble, but the one who was blamed entirely was her daughter-in-law, who was on maternity leave and had to worry about every single box of milk for her baby. The daughter carefully saved every penny to give as…

LiveLawBiz IBC Weekly Digest: October 5

SUPREME COURT Supreme Court Allows Creditor Who Suffered 99.28% Haircut In CIRP To Claim Full Set-Off In Arbitration Case Title : Modern Asset Versus KNK Construction Private Limited. Case Number : Special Leave Petition (C) No.25068 of 2026 CITATION : 2026 LLBiz SC 329 The Supreme Court has held that an operational creditor who suffered…

Wiltshire restaurant closes Bristol branch in insolvency

Chippenham-based business Coq has confirmed that the Bristol branch has ceased trading following a period of “significant financial difficulties”. The business opened its first restaurant on Chippenham’s Timber Street in February 2021, when brothers Ollie and Will Ford took the food-truck business they set up in October 2020 into a bricks-and-mortar home. The Bristol branch…

Administration List

Global Travel Partners Ltd, a corporate travel management business trading internationally under a company previously known as BME Business Travel Ltd, has entered Creditors’ Voluntary Liquidation with administration firm Yerrill Murphy appointed as liquidators. Key takeaways Global Travel Partners Ltd, a corporate travel management company reportedly serving over 100,000 customers and arranging more than 35,000…

EC English’s Canadian schools bankrupt with more than $36 million in liabilities

EC Vancouver Language Centre Ltd. and EC Toronto Language Centre Ltd., the Canadian operations of international language education provider EC English, have entered bankruptcy following the group’s abrupt closure of its worldwide schools in September, leaving the two Canadian entities with combined liabilities exceeding $36 million and only a fraction of that amount in reported…

OzCar enters voluntary administration, 90 jobs lost

Australian used-car retailer OzCar has entered voluntary administration, with 90 employees made redundant and four company-owned dealerships closed immediately. Glen Kanevsky and Jason Tracy of restructuring firm Alvarez & Marsal have been appointed as voluntary administrators by the company’s secured creditor. The closures affect company-owned sites in Lansvale, Penrith, Cardiff and Gosford, all in New…