CRAIG SIMCOX/FAIRFAX NZ Ulf Fuhrer established Aotearoa Distillers, which produced Zumwohl schnapps, in 2008. Former Wellington commercial real estate agent Ulf Michael Fuhrer has been declared bankrupt in the High Court in Wellington over debts owed to the ASB Bank. Fuhrer first appeared in March, but his case was adjourned for two months to allow some…
Paul Joyce A series of High Court decisions this year has clarified the range of possibilities for dealing with insolvent debtors mortgages, a legal policy analyst with FLAC (Free Legal Advice Centres) has said. Paul Joyce, senior policy analyst at FLAC, spoke to Irish Legal News following the High Courts decision to reject a banks…
Reuters BERLIN, May 22 (Reuters) – Reforms agreed by Greece are “remarkable” but the Greek economy is not yet competitive and Athens must press ahead with implementing its existing reforms-for-aid programme, German Finance Minister Wolfgang Schaeuble said on Monday. Schaeuble, a conservative, stuck to his position that Greece must implement its existing programme…
A second indie music festival has imploded and left consumers footing the bill. Just weeks after the Instagram-tastic collapse of Fyre Festival, a second destination event has gone full meltdown, with several major music players working to contain the damage. Pemberton Music Festival is officially bust, leaving in its wake an uncertainty for independently-promoted festivals just as the…
The High Court has rejected a banks proposal to warehouse almost half of an insolvent couples mortgage for repayment at a later date because a formal deal to resolve all their debts was a once in a lifetime solution. In a judgment that has major implications for how banks deal with insolvent debtors, Ms Justice…
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The ruling could mean banks may no longer be able to warehouse part of a mortgage when a formal debt deal is put in place for a homeowner. Ms Justice Marie Baker ruled in the High Court, in an appeal case, that including a split mortgage as part of a Personal Insolvency Arrangement (PIA) was…
Banks will no longer be allowed to warehouse part of a mortgage when a formal debt deal is put in place for a homeowner. This is because Ms Justice Marie Baker ruled in the High Court that banks could not include a split mortgage as part of a Personal Insolvency Arrangement. This will limit what…
22 May 2017 An estimated 3-minute read NCLAT Defines the Scope and Extent of the Corporate Debtors Right to Contest Admission of Insolvency Applications Filed by Financial Creditors by Cyril Amarchand Mangaldas In a landmark judgment recently delivered by the National Company Law Appellate Tribunal (NCLAT) in the case of Innoventive Industries Limited v. ICICI…
A far cry from the once-lavish lifestyle Tommy Cannon has been declared bankrupt. The 78-year-old comedy star admitted he had been living hand-to-mouth for a decade, but shrugged off the bankruptcy, filed in Birmingham this week, saying: Its embarrassing but just one of those things. In the 1980s, he and Bobby Ball attracted TV audiences…