A woman has lost a challenge to the rejection of her proposed personal insolvency arrangement following a dispute over the appropriate valuation of her home. Start Mortgages had rejected the 180,000 valuation of the womans home in Birr, Co Offaly, provided last summer by an independent expert appointed by the Insolvency Service of Ireland (ISI),…
UPDATE, 5.30pm: Flynn Transport owes an estimated $2.5 million to unsecured creditors, according to the forensic accountant handling the liquidation of the company. Morgan Lane, a partner at Insolvency firm Worrells, said three companies which comprised Flynn Transport were being wound up and it was estimated that two of them carried the debts. One of…
The new insolvency regime has completed six months. Everything seems to have happened in a jiffy. Close to a hundred cases have been filed. And, the big ones are likely to hit the National Company Law Tribunal this week. The completion of six months of the regime is also underlined by another event.…
14 year-old Pattarada met by Thai Lawyers Council of Thailand said on Monday. BANGKOK A lawyer who allegedly cheated a 14 year-old accident victim and her family out of their compensation is now facing the risk of losing his licence and legal career. The Lawyers Council of Thailand said on Monday that the alleged offence…
Tayo Rolls Ltd * Decided to refer co to NCLT for corporate insolvency resolution process Source text for Eikon: Further company coverage: ‘); $(‘.second-article-divide’).append($(‘.slider.slider-module’)); $(‘.third-article-divide’).append(‘ Also In Bankruptcy News ‘); var median = (relatedItemsTotal / 2); var $relatedContentGroupOne = $(‘.related-content.group-one ul’); var $relatedContentGroupTwo = $(‘.related-content.group-two ul’); $.each($relatedItems, function(k,v) { if (k + 1 Also In…
Millions of dollars have been rorted from a federal government scheme introduced to encourage Australian companies to invest in research and development, including claims from bankrupts, a property spruiker and a disgraced businessman. The Research and Development (R&D) Tax Incentive program is the government’s largest industry innovation package, providing about $3 billion in tax offsets to businesses each year.…
A deputy lord lieutenant of Nottinghamshire has been banned from being a company director for three years. Edwin Alexander Maxwell was the sole director of Nottingham-based E.A.M. Electrical Ltd which dealt with electrical installations. The Insolvency Service said Maxwell caused the company to trade to the “detriment” of HMRC in respect of Pay as You…
Millions of dollars have been rorted from a federal government scheme introduced to encourage Australian companies to invest in research and development, including claims from bankrupts, a property spruiker and a disgraced businessman. The Research and Development (R&D) Tax Incentive program is the government’s largest industry innovation package, providing about $3 billion in tax offsets to businesses each year.…
This is the face of a Millennial crime wave: there’s the party guy, there’s the bovver boy and then there’s Mr Invisible, the guy who leaves no tracks. The Plutus Payroll scam, one of the largest alleged tax frauds in Australian history, was run by a handful of 20- to 30-year-olds, Gen Y stereotypes with…
Boris Becker and Stefan Edberg was a rivalry that lit up the tennis world In three consecutive finals they both fought for the greatest prize in the game But despite being set for life, Becker was recently declared bankrupt Edberg, however, has been busy building a second fortune since retiring By Jonathan McEvoy for the…