Renewed calls for the continuation of widespread supports for SMEs have been made amid fears of an escalation in company failure rates. While the Government has moved to push into law new rescue legislation aimed at making it cheaper, easier, and faster for small companies to restructure if in trouble, there is rising concern that…
WOULD you rather lose your only home that provides shelter to you and your loved ones or find ways to safeguard it. The ongoing Covid-19 pandemic is certainly not helping as it has led many to lose jobs and take pay cuts, leading to financial instability. With that, repaying loans and mortgages may not be…
Released 16 July 2021 Next release 17 August 2021 Media enquiries Steven Fifer +44 (0)30 3003 1568 Statistical enquiries Becca Wedge-Roberts (author) Stacey Witchell (author) [email protected] Kate Palmer (responsible statistician) 1. Main Messages for England and Wales The number of registered company insolvencies in June 2021 was 1,207: 63% higher than the number registered in…
1. Data Sources 1.1 Data sources for insolvencies Company Insolvency data for England & Wales, Scotland and Northern Ireland are sourced from Companies House, except for compulsory liquidation data for England & Wales and Northern Ireland. Compulsory liquidation data for England & Wales are sourced from the Insolvency Service case information system (ISCIS). Compulsory liquidation…
The change seeks to eliminate a potential conflict of interest that insolvency professionals in charge of steering a company through the bankruptcy process could have if any of their colleagues advise others involved in the case. By Gireesh Chandra Prasad, Livemint, New Delhi PUBLISHED ON JUL 17, 2021 12:10 AM IST Insolvency resolution professionals hired…
The unemployed Maserati-driving former bankrupt Marie Simone has been thwarted in her bid to gain Liberal Party pre-selection for the forthcoming local government elections. Ms Simone, 56, who is the president of the Caringbah Liberal branch, was attempting to win top-spot on the Liberal ticket to contest Ward A on the Sutherland Shire Council. Property…
Click here to get Khmer Times Breaking News direct into your Telegram Derivatives brokerage GoldFX Investment Co Ltd (GFX) is preparing to declare bankruptcy, several sources familiar with the matter have told Khmer Times. The company has been at the heart of a dispute since March involving the loss of $27 million, affecting more than…
Salus Mutual Management expects growers will be able to protect themselves against counterparty risk for the value of one B-double of wheat per 10,000t crop. THE feasibility of launching a discretionary mutual fund to protect growers from the risk of counterparty default is being couched in what is believed to be a first for Australia.…
The federal appeals court in Atlanta on Wednesday upheld the Centers for Disease Control and Preventions nationwide freeze on most evictions due to the coronavirus pandemic. The 2-1 opinion by the 11th U.S. Circuit Court of Appeals said the landlords who brought the suit failed to do what they needed to do to strike down…
A 2020 decision of Mr Justice Harris concerned FDG Electric Vehicles Limited (the Company), a company which has been put into provisional liquidation in Bermuda, where it was incorporated. The Joint and Several Provisional Liquidators (the Provisional Liquidators) applied to the Hong Kong court for an order of recognition and assistance (the Application). In considering…