COVID utilised in bid to normalise “zero contact liquidation” – Insolvency News Online

Jarrod Sierocki. Liquidator turned investigator Brendan Nixon. When you attribute some of the blame for the failure of your insolvency firm to measures imposed to curtail COVIDs spread, it shows a certain chutzpah to then utilise a key pandemic abatement feature in spruiking your new shop. So when an anonymous tipster advised iNO that Queensland-based…

FSCS has received ‘helpful’ information about Rowanmoor – Professional Adviser

In an update published yesterday (4 Jan), the lifeboat fund said that its investigations into Rowanmoor are continuing. “As well as the information from former customers of the firm, weare also gathering data and information from RPPL’s insolvency practitioners about the firm’s business. We are using this to consider the allegations made by former customers…

January 2023 – Credit Slips

posted by Jason Kilborn The list of countries with new personal insolvency laws continues to grow. Bloomberg noted today that the President of Kazakhstan had signed a new law setting out several procedures for relieving the debts of non-entrepreneur individuals (sole proprietors remain relegated to the existing law on rehabilitation and bankruptcy). The text of…

FSCS says Rowanmoor intel gathered ‘is helpful’ in ongoing probe – FT Adviser

The Financial Services Compensation Scheme has said information its received regarding the collapsed self-invested personal pension arm of Rowanmoor has been helpful and that its investigations into the firm are continuing. In an update published yesterday (January 5), the FSCS said: The information we have received is helpful and our investigations into RPPL (Rowanmoor Personal…