Sudbury MP Viviane Lapointe said Tuesday evening that the fall economic statement includes plans to change the legislation that allowed Laurentian University to declare insolvency. LU used the Companies’ Creditors Arrangement Act (CCAA) to declare insolvency in February 2021, leading to layoffs, program cuts and the end of its agreement with federated universities.…
Volocopter CEO Dirk Hoke recently told German media that the eVTOL developer may need to look at insolvency options, after the company failed to secure loans from the Baden-Württemberg and Bavarian states to support its electric aircraft development. “Volocopter has been transparent that the fundraising market has been difficult in the past few years,” Hoke…
NCLAT Fortnightly: Important orders on IBC (July 1 – July 15, 2024) Bar & Bench – Indian Legal News Read the original article here
Set-Off Under IBC Regime BW Legal World Read the original article here
Calypso Destinations fell over with $2.3 million in unsecured creditors including Tyler himself, who is listed as claiming $924,000 in “loans to the company” that he made. The liquidator’s report said Tyler may have a defence against insolvent trading claims because of advances made to the company that were under continuing investigation. Tyler declined to…
European tour operator FTI Touristik has filed for insolvency at a court in Munich, Germany. The company, one of the largest tour operators in Europe, said the FTI Touristik brand is directly affected but that insolvency filings will follow for other group companies. Windrose Finest Travel will continue operations. The news comes weeks after FTI…
23 Aug 2024 • 4 min read The latest insolvency statistics for July 2024 for company and individual insolvencies were published on 20 August 2024 for England and Wales. Whilst there has been a slight increase in individual insolvencies in July 2024 to the figures published in June 2024 for individual insolvencies, the slight dip…
Restaurants and cafés across the UK are going insolvent at a pace not seen for more than a decade. A total of 3,347 eateries have been unable to pay their debts in the past two years to March 2023, according to data from the Insolvency Service. During the first three months of 2023, an average…
Ex-Premier League star avoids jail after bankruptcy – ‘I let my family down’ The Mirror Read the original article here
Calypso Destinations fell over with $2.3 million in unsecured creditors including Tyler himself, who is listed as claiming $924,000 in “loans to the company” that he made. The liquidator’s report said Tyler may have a defence against insolvent trading claims because of advances made to the company that were under continuing investigation. Tyler declined to…