Kevin James Musson (64) and his son Ryan Kevin Musson (39), both of Cumbria, worked as roofers for Cumbria Roofing North West Ltd. The company was incorporated in June 2009 but went into creditors voluntary liquidation 8 years later in May 2017, triggering an investigation by the Insolvency Service. The investigation discovered that while Ryan…
By Reuters Staff 3 Min Read LONDON, May 14 (Reuters) – The Bank of England said on Friday that it had approved the bail in of $595 million of loans that a British-based financial company made to the major Ukrainian lender PrivatBank before it was nationalised in 2016. The banks nationalisation has been subject to…
The High Court has approved a personal insolvency arrangement (PIA) providing for a 54-year-old woman to make mortgage repayments on her family home until she is aged 90. Mr Justice Mark Sanfey approved the PIA in respect of Esther Kirwan from Moycarkey, Thurles, Co Tipperary. Ms Kirwan, a single woman and shop assistant who lives…
Are you working for a company that you believe is struggling financially? Or perhaps youve been waiting for an invoice to be paid for a long time. Alternatively, you may be trying to ascertain your own companys situation and whether or not its insolvent. Thankfully, there are numerous insolvency practitioners out there such as Hudson…
By Reuters Staff 3 Min Read (Adds comment of Ukraines central bank) LONDON, May 14 (Reuters) – The Bank of England said on Friday that it had approved the bail-in of $595 million of loans that a British-based financial company made to the major Ukrainian lender PrivatBank before it was nationalised in 2016. The banks…
The High Court has approved a personal insolvency arrangement that will see a 54-year-old Tipperary woman continue to make mortgage repayments on her family home until she is 90. Mr Justice Mark Sanfey approved the arrangement for Esther Kirwan, of Moycarkey, Thurles, in what is a regarded as an important test case. The court heard…
Jonathan Bennett (49), from Cardiff, appeared at Cardiff Crown Court on 10 May before Judge Fitton QC were he was sentenced to 9 months in prison, suspended for 2 years. During the hearing the court heard that Jonathan Bennett was banned as a company director in 2010 for 8 years. Jonathan Bennett, however, continued to…
Mr Tinklers spokeswoman challenged the validity of the claim over the property and the size of the debt claimed. The Tinkler camp said arbitration was under way and they believe the appointment of FTI may amount to a breach of the arbitration process. A ban on Mr Tinkler being a director of Australian companies expired…
A High Court ruling that will allow a 54-year-old woman pay a mortgage until she is 90 could help an estimated 20,000 people who are unable to pay Celtic Tiger-era debts. Mr Justice Mark Sanfey signed off on a personal insolvency arrangement a form of financial rescue for heavily indebted borrowers that will allow Co…
Months after sweeping changes to insolvency laws, the budget revealed the government will re-examine what should happen when businesses go bust. Key points: Laws around how failed businesses are wound-upwill be re-examined Broad, temporary protections set up during the pandemic have ended Sweeping changes were introduced in January, but have notbeen used much That could…