A company director who “repeatedly subverted the insolvency system” by facilitating debt-dumping arrangements for struggling businesses has been banned from running firms for nine years, following a government investigation. Neville Taylor, 57, served as a director of more than 400 companies and received close to £270,000 from Atherton Corporate, operators of a scheme that took…
A partially built home where construction stalled after the 2024 collapse of Grandeur Homes. The collapse of more than 3000 construction firms has legal and building industry figures worried about government plans to fix Australia’s housing crisis with a new home boom. Australian Securities and Investments Commission figures released on December 23 show 3217 Aussie…
A key figure in a scheme designed to undermine the insolvency system has been banned as a company director for nine years. Neville Taylor was paid more than a quarter of a million pounds by Atherton Corporate (UK) Ltd to become the sole director of more than 400 companies. Taylor’s disqualification means he will have…
INSOLVENCY NOTICES: Winding Up Petitions – December 2024 Credit Connect Read the original article here
Questions are starting to emerge about how exactly Birmingham city council ended up in a financial crisis, and whether the figures behind its problems actually stack up. Here is a rundown of how events unfolded. April 2022 – The council’s new IT system, its first major upgrade since 1999, goes live. Councillors say IT staff…
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Google Neville Taylor was listed as director of 196 companies run from Bridge Street in the town of Kington in Herefordshire The boss of more than 400 firms has been banned from being a company director after playing a key role in a scheme designed to undermine the UK insolvency system. Neville Taylor, 57, was…
Going bankrupt or being declared bankrupt by a creditor -who is owed money that can’t be repaid- is a serious matter and has legal consequences. Understanding what is bankruptcy The journey into bankruptcy often starts with a small debt that wasn’t settled in time and then forgotten. But with late payment fees, penalty charges and…
After Paksoy was declared bankrupt, ANZ applied for a vesting order under s. 133(9) of the Bankruptcy Act 1966. The bank contended that it is just and equitable for the court to grant a vesting order in cases where neither the state nor any other interested property objected to the application. Further, ANZ asserted that…
Listen to the article 13 min This audio is auto-generated. Please let us know if you have feedback. At the outset of 2021, the future looked bright for 2U. The year before had disrupted higher education, and the entire world, with a global pandemic. As colleges scrambled to continue educating students, the online program manager…