The judge’s tone was brisk and business-like at aZoom courtroom hearing Tuesday to lay out a path for current,former and retired Laurentian employeesclaiming compensation from insolvent Laurentian University. The new policy provides a formula forthe claims process, but doesn’t mandate a payout percentage of the claim. The institution declared itself insolvent Feb. 1, with its…
The corporate bankruptcy & insolvency litigation landscape has experienced a turbulent period over the past year and a half, largely a consequence of the extreme circumstances created by the COVID-19 pandemic. Against this backdrop, many businesses have sought arrangements and restructuring plans in an attempt to avoid corporate bankruptcy. However, as government COVID-19-related stimulus is…
The High Court has wound up seven companies run from an office in Mayfair, London, after an Insolvency Service investigation found that their marketing of high-risk mini-bonds, used to fund property development projects, was misleading and the directors continued to take investors money even after the companies were insolvent. The principal directors of all the…
Small businesses are being encouraged to seek help immediately if they arestruggling to pay their tax because of pandemic-driven cash flow issues. The advice frombusiness rescue and insolvency firm Jirsch Sutherland comes as ATO debt attributed to small to medium enterprises was $21.4 billion at FY20. With lockdowns continuing throughout 2021, Jirsch Sutherland partnerAndrew Spring…
The money was then used to fund losses on other Ralan projects. Problems began to emerge at Ralan in about 2014 when its builder Steve Nolan Constructions went into administration in 2014. Ralan collapsed at the end of July 2019, when Said Jahani, Phil-Campbell Wilson and Graham Killer from Grant Thornton were appointed as administrators…
10:48 16/08/2021 MOSCOW, August 16 (RAPSI) – Ex-Deputy Agriculture Minister Alexey Bazhanov has filed an appeal against his bankruptcy and introducing of related procedures against him, according to the Moscow Commercial Courts records. The Moscow Commercial Court introduced an asset sale procedure against Bazhanov in June. In February, the court initiated debt refunding as to…
Convicted forger Peter Chan Chun-chuen has been declared bankrupt for failing to pay HK$28.4 million (US$3.6 million) in legal fees owed to the charitable foundation of late tycoon Nina Wang Kung Yu-sum after the civil suit that determined he had faked her will. Madam Justice Linda Chan Ching-fan on Thursday granted a bankruptcy order petitioned…
It is certain that the Sarajevo company GRAS will go bankrupt in the following period, and manyother entities fromthat sector could go that route as well. AzizSunje, a professor at the Faculty of Economics in Sarajevo and anexpert on public companies, statedthat there is a real moment when bankruptcy should be declared, and in the…
A 74-year-old farmer from Carlow has saved his land from sale through a personal insolvency arrangement (PIA). The farmer owed a number of debts totaling 215,000, 100,000 of which was secured over the 60ac farm which is now being farmed by his son. A secured creditor had instigated the process of selling the land, but…
{{featured_button_text}} MATTOON Tonya Reynolds was the guest speaker at a recent Kiwanis Club of Mattoon meeting. Reynolds is a teacher with the Prevention Initiative Birth-3 Program with the Mattoon Community Unit School District 2. The program promotes bonding with families of children from birth to 3 years of age and assists with prenatal care and…