Donna Dennis, sister of fallen coal baron Nathan Tinkler, facing bankruptcy – The Age

The sister of bankrupted former billionaire Nathan Tinkler is facing a similar fate after being accused of entering into uncommercial transactions and breaching her directors’ duties. Donna Dennis is alleged to have sold off furniture belonging to two Tinkler family companies for a little more than $100,000 despite being notified that the companies were insolvent…

Bus Éireann ‘faces insolvency within 18 months’ – RTE – RTE.ie

State-owned bus company Bus √Čireann’s financial situation has worsened, and without urgent reforms it could face insolvency within 18 months, according to informed sources.¬† Late last year, Minister for Transport Shane Ross briefed his Cabinet colleagues and said the company was at crisis point, and could become insolvent within 24 months. However, the latest figures…

Maritime privileged credits under Insolvency Act – International Law Office (registration)

Maritime privileged credits Judicial recognition Comment The Insolvency Act (22/2003) is based on the principle of universality with regard to assets and liabilities. However, in accordance with the act, certain credits including maritime privileged credits must be separated from a bankruptcy estate, resulting in a breach of this principle. Maritime privileged credits Article 76.3…

Collapse of Hanjin, cross-border insolvency and maritime claims – Hellenic Shipping News Worldwide

The entire shipping industry witnessed the long-awaited turn in business environment with last weeks news that Hanjin Shipping, a South Korean shipping giant which is considered as the 7th largest container carrier in the world would finally announce its move for liquidation after months of recovering attempts that sank into unsalvageable debacle. Although this scenario…

THE SCALE OF MENTAL HEALTH ISSUES CAUSED BY DEBT UNCOVERED – ResponseSource (press release)

Creditfix, the UKs largest personal insolvency practice has released new figures that show that personal debt is having a negative impact on the mental health of individuals affected by financial problems. In a UK-wide survey of people currently in an Individual Voluntary Arrangement or Protected Trust Deed (IVA/PTD) with Creditfix, 74 per cent of respondents…