Alan McIntosh Alan McIntosh summarises his new report on the Scottish governments faltering Debt Arrangement Scheme. A new report (see here) produced by myself shows that the Scottish governments flagship personal debt remedy, the Debt Arrangement Scheme, is in trouble, with the numbers accessing it having fallen by over 50 per cent in the last two years. The…
Image copyright Jaggery/Geograph Image caption Stuart Mudge was hit with restrictions during a hearing at Cardiff County Court A Newport man who ran a failed £8.5m spread-betting scheme has been hit with lengthy bankruptcy restrictions. Stuart Mudge, 61, took money from investors from 2009-12, but later admitted breaking the law by operating without Financial Conduct…
JOB TITLE: Solicitor (2-4 years PQE), Litigation / Business Dispute and Asset Recovery (Corporate Restructuring and Insolvency) Based in Edinburgh REPORTING TO: Rachel Grant, Partner JOB PURPOSE: We currently have an exciting opportunity for a solicitor to join our well established and highly regarded corporate restructuring and insolvency team within the Business Dispute and Asset…
MILLIONS of dollars was funnelled out of the coffers of failed Victorian builder Watersun Homes and into entities related to its directors in the months before its collapse, liquidators believe. Fairfax Media can also reveal that former Watersun display homes held in the name of a separate company are being sold off but liquidators are unsure…
Socialite Kirsty Dayment jailed for cocaine and ecstasy dealing SYDNEY, AUSTRALIA – APRIL 11: Model Kirsty Dayment arrives at the Downing Centre to be taken into custody for cocaine Importation on April 11, 2017 in Sydney, Australia. (Photo by Ben Rushton/Fairfax Media) Photo: Ben Rushton exit Disgraced socialite Kirsty Dayment has been sentenced to at…
Disgraced socialite Kirsty Dayment has been sentenced to at least three years and three months in jail for the large-scale supply of cocaine and ecstasy from her unit in Coogee in Sydney’s eastern suburbs. Dayment, 35, did not react as the maximum sentence of 5½ years was handed down in the Downing Centre District Court…
Nagpur: Gupta Energy Private Limited (GEPL) a company under Gupta Group, which is counted among top bank defaulters, has moved an insolvency resolution before National Company Law Tribunal (NCLT). The move is a step towards declaring that the company which is headed by Padmesh Gupta a prominent businessman from the city, is falling short of…
MPs have accused the former owners of turkey ham producer Bernard Matthews of “lining their own pockets” in a deal that saw the company’s defined benefit pension scheme fall into the Pension Protection Fund. On Saturday (13 April), the Work and Pensions select committee published letters from the firm’s administrator which revealed Rutland Partners, the owners, had…
Its well-known that debt can wreck a marriage. Till debt do us part, as financial guru and TV host Gail Vaz-Oxlade would say. But breaking up wont end your financial woes. Indeed, it can drive you deeper into debt and even lead to bankruptcy. Story continues below READ MORE: Could you handle a 33 per cent interest-rate…
BlackRock, the worlds largest asset manager, called on the US government to embark on a sweeping privatisation programme to harness capital to meet Americas vast infrastructure investment requirements. Larry Fink, chief executive of BlackRock, said new federally subsidised bonds would help repair crumbling US roads and bridges, but more private capital was desperately needed to…