What I am presenting here is a plea, or proposing a new year resolution for bankers, fund managers, and politicians to take a new approach to mortgage arrears in Ireland. Back in October 2012, I broke from standard Civil Service practice in calling publicly for solutions that involve a much more dramatic write-off of debt…
Hunter Business Chamber expects a “shaking out” of unviable companies after a suite of emergency protections ends on January 1. Many vulnerable businesses face the reversal of rules which have shielded directors from personal liability and allowed companies to trade while insolvent. The period for temporary debt protection for debtors will revert from six months…
Throughout the coronavirus crisis, CBS is providing weekly updates on the number of bankruptcies pronounced by Dutch courts. The weekly updates are normally released on Thursdays at 12.00 p.m. Download CSVShow datatableNumber of bankruptcies of businesses and institutions (including sole proprietorships), weekly Number of bankruptcies of businesses and institutions (including sole proprietorships), weekly 2019 1…
Property for sale owned by the bankruptcy debtor TRD Television NOVA DOOEL Skopje. That was how the call for bids was made in May 2019. First under the hammer were Nova TVs computers, its furniture, vehicles and other property. Then came the actual television equipment, offered up in seven batches valued at approximately 500,000 euros.…
Navigating the world of obscure Italian car brands after theyve been infused with cash from Middle Eastern or Asian backers is a little like watching a 1960s spy film with the sound off. Or like reading blind items on the gossip website Page Six.Its beautiful, juicy, and sometimes a little confusing. Bizzarrini famous for its…
The Minister for Justice, Helen McEntee TD, announced today that she has consented to the making, by the Insolvency Service of Ireland, of Regulations to continue the waiver of personal insolvency application fees for a further 3 years, until 31 December 2023. Welcoming the waiver extension, the Minister said: “Continuing the waiver of fees for…
Newcastle Crown Court was told that Lee Davis, of Blyth, Northumberland, was declared bankrupt in April 2016 following a petition by the tax authorities having failed to pay taxes he owed. A month before bankruptcy, however, Davis received more than 33,000 in inheritance from his fathers estate. He then transferred half of the funds to…
Supermarket tycoon Rami Levy was set to become the new owner of Israir after his proposal to buy the airline was approved Tuesday by bondholders. Levy made the proposal through BGI Investments, which he controls along with food mogul Shalom Haim. The offer received initial backing earlier this month from the trustee overseeing the sale…
13:46 29/12/2020 MOSCOW, December 29 (RAPSI) The Moscow Commercial Court has again extended the procedure of sale of assets of Vneshprombank former co-owner Georgy Bedzhamov, charged with large-scale embezzlement for 6 months, according to court records. Previously, the bankruptcy proceedings were extended in July. Bedzhamov was declared bankrupt in July 2018. In 2016, Bedzhamov was…
Writing a commentary on a law that is still growing at a pace faster than the fortunes of e-commerce businesses is, painful and challenging. The sheer volume of judgments from the Constitutional Courts and the National Company Law Appellate Tribunal and National Company Law Tribunals constitute the judicial side of the scheme of things under…