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Category Archives: Bankruptcy

IEC dismisses all objections against party candidates, bar one – Citizen

BankruptcyBy Insolvency GuardianApril 9, 2019

In a press briefing on Tuesday, the Independent Electoral Commission of SA (IEC) announced they had dismissed nearly all the objections they had received against the candidates nominated by political parties contesting this years elections. Only one objection was upheld, which came from the PAC against its own candidate,Alton Mphethi, due to a criminal conviction,…

From Hill to Hill: Brexit, the travel ban, and Michael Scott – UT Daily Beacon

BankruptcyBy Insolvency GuardianApril 9, 2019

Im an American college student in my twenties, which means three things for certain. One: I am helplessly addicted to my phone. Two: I am embarrassingly bad at writing in cursive. Three: I have watched entirely too much of The Office. The Office is a great show, and like many other sitcoms, it has a…

IEC dismisses publics objections against BLFs Mngxitama and Maasdorp – Citizen

BankruptcyBy Insolvency GuardianApril 9, 2019

In a notice released late on Monday, the Independent Electoral Commission of SA (IEC) announced its decision to dismiss all objections raised against the right of Black First Land First leader Andile Mngxitama and party spokesperson Lindsay Maasdorp to become MPs. Both have courted controversy on numerous occasions for racially divisive rhetoric in service of…

Ontario women see rising risk of insolvency – Wealth Professional

BankruptcyBy Insolvency GuardianApril 8, 2019

The most recent bankruptcy study from personal insolvency firm Hoyes, Michalos & Associates revealed an outsized risk of insolvency among millennials in Ontario. As if that news werent concerning enough, the report also points to a significant risk within another important group. We continue to see a rise in women filing insolvency. As of 2018,…

Corrective to April 3 story on QuadrigaCX insolvency proceedings – The Province

BankruptcyBy Insolvency GuardianApril 8, 2019

HALIFAX In an April 3 story about the QuadrigaCX insolvency process, The Canadian Press incorrectly stated that if the company was transitioned to the bankruptcy process, creditors would be allowed to file lawsuits against the company and its affiliates. Though a court-ordered stay of proceedings would be lifted, that move would only be temporary, and…

Amado Rodriguez: Frama Seafood faces insolvency after losing lawsuit – SeafoodSource

BankruptcyBy Insolvency GuardianApril 8, 2019

In a letter sent to the judge that ruled against his company in a lawsuit filed by one of its customers, Frama Seafoods Amado Rodriguez said his company is at risk of insolvency. Pinecrest, Florida-based Frama Seafood was ordered to pay more than USD 1 million (EUR 891,400) in compensation after California Superior Court Judge…

NCLAT To Decide Over Insolvency Plea Of Reliance Communications – BloombergQuint

BankruptcyBy Insolvency GuardianApril 8, 2019

The National Company Law Appellate Tribunal said it would decide on the insolvency of debt-ridden Reliance Communications Ltd. The Anil Ambani-led Reliance Group company has pleaded with the tribunal to go ahead with insolvency proceedings against it as it is unable to pay dues to its lenders. Swiss telecom gear maker Ericsson, which received its…

Courts shut down renewable energy investment company – Mirage News

BankruptcyBy Insolvency GuardianApril 8, 2019

UK Renewable Investments (AD) plc was wound up on 3 April 2019 by District Judge Khan in the Business and Property Courts in Manchester. The Official Receiver has been appointed as liquidator. In considering the petitions to wind-up the company, the court heard that between July 2015 and September 2016 UKRI sold corporate bonds to…

Extended bankruptcy for former kennels owner – Mirage News

BankruptcyBy Insolvency GuardianApril 8, 2019

Jodie Annabel Fairbrother (40), from Immingham, Lincolnshire, was the former owner of a boarding kennels in South Killingholme. The business traded from Janika Boarding Kennels under the name 4Paws and provided animal transport, boarding kennels and a veterinary clinic. In March 2018, 4Paws was subject to visits from the RSPCA and the police over animal…

Footballer David Goodwilllie bankrupt over £41k tax debt – The Scotsman

BankruptcyBy Insolvency GuardianApril 8, 2019

Footballer David Goodwilllie, who claims he was left penniless after losing a civil action in which he was branded a rapist, has been declared bankrupt over a 41,000 tax debt. The 30-year-old former Scotland striker ran up the tax bill at the height of his career when he was reportedly earning 20,000 a week playing…

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