For individual insolvencies, the number of bankruptcies in January 2021 was 818, while the number of Debt Relief Orders was 1,167. Both were 47% lower than in January 2020. Overall numbers of company and individual insolvencies have remained low since the start of the first UK lockdown in March 2020, when compared with the same…
Grupeer is looking to work with lawyers representing a group of disgruntled investors who were taking legal action against the European peer-to-peer lender. The Latvia-based peer-to-peer lender had itseconomic activities suspendedby the countrys tax authority last September. It also faced criticism and legal action after it said in March that it wouldno longer pay interest…
Eleanor Temple, Yorkshire Chair of R3 Eleanor Temple, chair of insolvency and restructuring trade body R3 in Yorkshire and a barrister at Kings Chambers in Leeds, responds to todays publication of Januarys corporate and personal insolvency statistics for England and Wales: Januarys fall in corporate insolvency numbers has been driven by a fall in Creditors…
These charges are baseless and I will be defending them. This has already been dealt with and is very old news. Ron Bensimon Originally from Melbourne but based in Bondi since 2017, Mr Bensimon indicated he would fight the case against him. These charges are baseless and I will be defending them. This has already…
The Australian Electoral Commission has dropped a case against former far-right senator, Fraser Anning, because it has been unable to locate him. In November the AEC brought an action seeking a penalty of up to $26,640 against Anning in the federal court for his alleged failure to lodge an annual financial return for the 2018-19…
Insolvency is stalking many UK businesses in the wake of coronavirus and Brexit. This has been particularly visible in retail, with 2021 already seeing stationery chain Paperchase in administration and former high-street leaders Debenhams and Topshop being mopped up by online upstarts Boohoo and Asos. Meanwhile, pubs and restaurants are lobbying hard to be allowed…
Insolvency is stalking many UK businesses in the wake of coronavirus and Brexit. This has been particularly visible in retail, with 2021 already seeing stationery chain Paperchase in administration and former high-street leaders Debenhams and Topshop being mopped up by online upstarts Boohoo and Asos. Meanwhile, pubs and restaurants are lobbying hard to be allowed…
The government announced it intends to extend the power (granted through the Corporate Governance and Insolvency Act) to make temporary amendments or modify the effects of corporate insolvency and governance legislation for an additional year until April 2022. The government laid the regulations on 11 February 2021 in Parliament ahead of the power expiring on…
In 2020, several significant judicial decisions were rendered across Canada relevant to commercial lenders, businesses and restructuring professionals. This bulletin summarizes the core issues of importance in each case and provides status updates on the cases reported on in our January 2020 bulletin, Key Developments in Canadian Insolvency Case Law in 2019. CHARACTERIZATION AND TREATMENT…
News LBV Hub Legal Services Farleys Solicitors North West law firm Farleys Solicitors have launched a free personal insolvency advice line as a response to the sharp rise in number of bankruptcies and IVAs in the last three months of 2020 as the Covid-19 pandemic continues to affect vast numbers of individuals and their finances,…