Category Archives: Bankruptcy

In defence of CVAs and pre-packs: The UK’s insolvency regime might not be perfect, but it does minimise creditors … – City A.M.

In defence of CVAs and pre-packs: The UK’s insolvency regime might not be perfect, but it does minimise creditors’ losses and protects staff more than alternatives | City A.M. Trending topics Read the full article at: http://www.cityam.com/234984/in-defence-of-cvas-and-pre-packs-the-uks-insolvency-regime-might-not-be-perfect-but-it-does-minimise-creditors-losses-and-protects-staff-more-than-alternatives

Ex-construction boss at Vostochny Cosmodrome declared bankrupt – RAPSI

10:50 19/02/2016 MOSCOW, February 19 (RAPSI) The Commercial Court of Primorsky Krai has declared Viktor Grebnev, former chief executive of TMK (Pacific Bridge Building Company), a contractor in the Vostochny Cosmodrome project, bankrupt, RIA Novosti reported on Friday. Bankruptcy procedure was initiated by Sberbank in November 2015. Viktor Grebnev is currently placed under house arrest.…

The National Hardship Register offers help for people who can’t repay debt – Sydney Morning Herald

To qualify for the National Hardship Register, you need to meet with a financial counsellor. Photo: Supplied For people who have no way of repaying their debts there is now a way to stop debt collectors calling and to have the debts waived.   Debt collectors and financial counsellors have created a register for those who…

Tour company operators who left charities short are disqualified by Insolvency Service – Third Sector

Two former directors of a holiday tour operator have been disqualified from acting as company directors for a combined 14 years after failing to ensure that £207,055 raised under commercial participation agreements was paid to five charities. Simon Smith, 43, and Nicholas Capsey, 40, were both directors at Global Enduro Ltd, a travel company that…

Company director’s insolvency offences lay foundation for jail term – CCH Daily inc Accountancy Live (subscription) (blog)

Robert Porters conviction follows an initial investigation by the Insolvency Service and a full criminal investigation and prosecution by the Department for Business Innovation and Skills (BIS). His wife, Kelly Porter, received a sentence of 150 hours unpaid work and a directors disqualification order of one years duration following a hearing at Reading Magistrates Court.…

Building boss jailed for insolvency offences – The Construction Index

The former director of a Hampshire building contractor has been jailed for six months after pleading guilty to running a company while disqualified. Robert Porter, aged 67, was sentenced following a hearing at Reading Magistrates Court. He had pleaded guilty to one count of being concerned in the management of a company while disqualified from…

Take control of your cash: 5 steps for avoiding crisis mode – SmartCompany.com.au

Cash flow is the main stumbling block for SMEs trying to secure funds for their growth. With ongoing expenses and bills to cover to keep the doors open, poor cash flow strategies can negatively impact your customers, your staff and clients. If you find yourself in crisis mode, Director of DFK Everalls, Melissa Healy, has…

Michael Noonan opposed changes to insolvency regime – Irish Examiner

Finance Minister Michael Noonan was strongly opposed to changes designed to help struggling mortgage holders just months before they were approved. Changes to the personal insolvency legislation which removed banks ability to veto repayment solutions involving a persons home were announced last May. Less than three months earlier, however, Mr Noonan warned of the unintended…

A market absent fear is a very dangerous thing – The Globe and Mail

Comments AA It stands to reason that people who have watched Hostel, a 2005 horror film that depicts a young man inhumanly tortured in a dark basement, are more likely to avoid budget lodgings. In a similar vein, research has found that those who have lived through the global financial crisis are more likely to…

Batelco draws first blood; Chennai HC freezes Siva’s select India assets till month end – Economic Times

MUMBAI/CHENNAI: In a relief to Batelco Group, Bahrain based global telecoms company, the Madras High Court has directed serial investor Chinnakannan Sivasankaran, his relatives and his flagship company Siva Ltd not to sell or to create any third party rights on some of their Indian assets until February 22. The values of these movable and…