THE financially troubled Air Namibia is opposing a High Court application in which a Belgian lawyer wants the national airline to be declared bankrupt and liquidated. The airline has given notice that it will be opposing an application for its liquidation, which was filed at the High Court late last week. In the application, Belgian…
One of the oldest Italian jeans brands, Rifle, might stop existing as The Tribunal of Florence has declared it officially bankrupt, according to Italian press reports. The company based in Barberino di Mugello, near Florence, has been facing difficulties in the last years. In 2017 Sandro Fratini, son of Giulio, co-founder of the brand with…
Urgent bill It removes the gateway condition that mortgage arrears must predate 1 January 2015. The minister said yesterday: This short but urgent bill tackles a number of issues in existing legislation. In the context of the current pandemic, these problems risk denying homeowners in difficulty the protection afforded by the personal insolvency acts if…
Borrowers in mortgage arrears to gain vital court protection Published 5 October 2020 Helen McEntee Borrowers falling into home mortgage arrears due to an unforeseeable loss of income will gain vital court protection under new legislation announced today. Justice Minister Helen McEntee has secured government approval for priority drafting of the short but urgent Personal…
The diocese of Camden in New Jersey has become the second diocese in the United States to file for bankruptcy last week. Bishop Dennis Sullivan of Camden announced the decision on Oct 1 and said new abuse lawsuits and the $8 million in payouts had forced the diocese to file for bankruptcy. I take some…
With individual insolvency now identified as IBBIs next big reform area, the insolvency regulator has decided to appoint an external institution or an agency for undertaking a research study on individual indebtedness and insolvency. This external agency once selected by IBBI will have a maximum of one year to complete the research report. Insolvency and…
Borrowers in mortgage arrears to gain vital court protection Published 5 October 2020 Helen McEntee Borrowers falling into home mortgage arrears due to an unforeseeable loss of income will gain vital court protection under new legislation announced today. Justice Minister Helen McEntee has secured government approval for priority drafting of the short but urgent Personal…
Economy State moves to seize SK Macharia assets in bankruptcy order Monday October 05 2020 Businessman SK Macharia. FILE PHOTO | NMG By OTIATO GUGUYUMore by this Author Summary The High Court in 2001 ordered Mr Macharia to repay the debt with an annual interest of 19 per cent that is compounded monthly from December…
Express News Service SHIVAMOGGA: TheCovid pandemic has hit the Charaka Womens Multipurpose Industrial Cooperative Society, forcing it to declare insolvency as it could not repay the debt. Founded by social activist Prasanna Heggodu in 1994, the Society at Bheemanakone in Sagar taluk of Shivamogga district was empowering around 800 handloom weavers, natural dye manufacturers and…
{{featured_button_text}} David Vieth, assistant principal and athletic director for Mattoon High School, was the guest speaker for the recent Kiwanis Club of Mattoon Zoom meeting Submitted photo MATTOON David Vieth was the guest speaker for the Kiwanis Club of Mattoon meeting on Sept. 16. Vieth is the assistant principal and athletic director for Mattoon High…