More than 100,000 businesses in the UK were owed money from insolvent companies and individuals in 2015 Approximately 6% of all UK businesses, or 113,000 in total, were creditors in an insolvency procedure in last year, according to research by insolvency trade body R3. Phillip Sykes, R3 president Growing businesses encounter two classic problems:…
V.Ö. Travel, the tour operator launched two years ago by veteran Turkey tourism entrepreneur Vural Öger, has declared insolvency and stopped trading. The loss-making company remained behind its targets this year and bookings for 2016 have also started badly, owner Vural Öger told fvw. In addition, Öger was impacted by 16 million worth of debts…
RIGA, Jan. 5 (Xinhua) — A court in the southwestern Latvian city of Liepaja on Tuesday threw out a request to declare KVV Liepajas Metalurgs steelmaker insolvent over an outstanding six-figure debt. The insolvency lawsuit had been filed by Elme Messer Metalurgs, an Estonian-owned producer of industrial gases which has been supplying oxygen to KVV…
Businessman Kevin McConnon, joint owner with his wife, Yvonne, of McConnon Meats has been granted a 40-day extension to a High Court order protecting him from any action by creditors pending negotiation of a Personal Insolvency Arrangement. Barrister Keith Farry, counsel for Mr McConnon, joint owner with his wife, Yvonne, of McConnon Meats, told Mr…
Medium-sized businesses were the most likely to be exposed to other firms’ insolvencies in 2015, according to new research from insolvency professionals trade body R3. The research, which was based on R3’s Business Distress Index which surveyed 500 UK businesses, found that 14 per cent of medium-sized firms (which employ 51 to 250 staff) were…
2016-01-05T15:36+02:00 15:36 05.01.2016 The Individuals’ Deposit Guarantee Fund in 2015 sold the assets of insolvent banks for UAH 1.2 billion, according to the website of the fund. According to the report, in the last week of last year insolvent banks’ assets that were sold amounted to UAH 120 million. As reported, the Individuals’ Deposit Guarantee…
(ANSA) – Rome, January 4 – Industry Minister Federica Guidi on Monday signed a decree putting up for sale companies and plants in the troubled ILVA steel group. The tender for expressions of interest will be published Tuesday, sources said. Earlier this month the cabinet extended an environmental cleanup deadline for ILVA in order to…
A waste-to-energy company hoped to be a future for Sault Ste. Marie’s garbage has gone into receivership. Elementa Group Inc. appeared in an Ontario Superior Court of Justice on Dec. 21 after its former lawyers Bennett Jones, filed a petition with the courts that declared them insolvent. Ontario Superior Court of Justice Glenn Hainey ordered…
(ANSA) – Rome, January 4 – Industry Minister Federica Guidi on Monday signed a decree putting up for sale companies and plants in the troubled ILVA steel group. The tender for expressions of interest will be published Tuesday, sources said. Earlier this month the cabinet extended an environmental cleanup deadline for ILVA in order to…