Fears Scottish debtors suffering from ‘mis-selling’ by insolvency firms – Herald Scotland

SCOTLAND must clamp down on its insolvency industry amid concerns of “potential mis-selling”, a new report warns. More than a thousand debt-ridden Scots went bust last year – many losing their homes – despite entering in to legally binding deals arranged by under-regulated firms, according to the Govan Law Centre. The Glasgow-based not-for-profit in an…

Insolvency and Bankruptcy Code to kick in from Thursday – Hindu Business Line

New Delhi, Nov 30:   With insolvency professional agencies getting registered, the Insolvency and Bankruptcy Code will become operational from tomorrow. The Code will help quicker resolution of cases and unlock the value of assets, Mamta Binani, President, ICSI, the apex body of company secretaries, told reporters here today. The entire Insolvency and Bankruptcy Code will…

Stephen Martin from Bury St Edmunds banned from being a company director for eight years – East Anglian Daily Times

18:43 01 December 2016 The Insolvency Service said the company had not paid taxes in five years (c) Stockbyte The county court has banned a 59-year-old Bury St Edmunds builder from directing a company after he dodged taxes and failed to keep accounting records. … Read the full article at: http://www.eadt.co.uk/news/stephen_martin_from_bury_st_edmunds_banned_from_being_a_company_director_for_eight_years_1_4801646

CallActive directors declared bankrupt, company owes more than $2.6 million – Taranaki Daily News

Prime Minister John Key opened Callactive House in 2013, with then-Wellington City Council councillor John Morrison, and Callactive chief executive Rick Allan. The directors of a failed Wellington call centre who promised to create 2000 jobs have been declared bankrupt. CallActive was put into liquidation earlier this month, following the collapse of its Australian arm. Its Australian-based…