The Delhi High Court on Monday issued notice in a petition challenging Section 10A of the Insolvency and Bankruptcy Code 2016. The petition was filed by Getamber Anand, the Chairman and Managing Director of the ATS Group, through Advocate Kartik Nayar, KN LEGAL, Advocates and Solicitors. On December 2020, the petitioner received a notice from…
A property developer linked to a number of stalled developments in Liverpool has been declared bankrupt. Kerry Tomlinson, 52, a well known figure in Liverpool’s property sector, was the director of Primesite Developments. The company was behind a number of ambitious property schemes but went into liquidation last March. In recent years Mr Tomlinson has…
Business Changes to the personal insolvency system, including reducing the default period of bankruptcy from three years to one year and tougher sanctions against dodgy advisers, have now been floated by the government. Business Jotham Lian 18 January 2021 1 minute read object(stdClass)#17022 (8) { [“image_intro”]=> string(65) “images/articleimages-391×261/850×492/Parliament-house-new1-ad.jpg” [“float_intro”]=> string(0) “” [“image_intro_alt”]=> string(42) “Attorney-General floats…
For many, 2020 has been the year to forget. The Coronavirus pandemic (COVID-19) has halted global economies and initiated recessions across continents and countries, including Australia. In an attempt to alleviate the financial impact of COVID-19, the Australian Government has implemented various reforms (both temporary and permanent) designed to provide relief to financially distressed businesses.…
It was a dramatic end for government super-contractor Carillion when it crashed into insolvent liquidation in January 2018. Part-completed road projects, unfinished hospital buildings and disruption to hospital cleaning and catering heralded the end of this self-styled integrated support services business. Carillion owed its creditors over 1.5 billion, and when matters came to a head…
Business R3, the insolvency trade body, has launched a new resource for consumers in England and Waleswho want to learn more about personal insolvency processes and managing their debts Friday, 15th January 2021, 8:42 am Updated Friday, 15th January 2021, 8:46 am Eleanor Temple The document, Dealing with money worries a guide to your options,…
Eleanor Temple The document, Dealing with money worries a guide to your options, provides an overview of the potential solutions available to those who are worried about their personal finances. Weve developed this document to provide individuals with all of the information they might need about the various options they can access and to make…
Insolvency Claims in 2021 Given the impact of COVID, insolvencies are on everybodys mindhow to avoid them or how to navigate them. Knowing what to do when you find yourself in the middle of a business or personal insolvency is crucial. Litigation funding may be one of the most valuable tools in the insolvency toolbox.…
The director of a company that once billed itself as Brisbane’s premier home extension and renovation business before collapsing has declared bankruptcy with creditors unlikely to see any of their money, according to liquidators. Total Lifestyle Builders Pty Ltd went into liquidation in June last year owing more than $1.7m to 89 unsecured creditors as…
The director of a company that once billed itself as Brisbane’s premier home extension and renovation business before collapsing has declared bankruptcy with creditors unlikely to see any of their money, according to liquidators. Total Lifestyle Builders Pty Ltd went into liquidation in June last year owing more than $1.7m to 89 unsecured creditors as…