The day I got the keys to my one-bedroom flat in central Leeds in April 2019 was the proudest moment of my life. Id spent four years saving a 10,000 deposit from my salary as a marketing and PR executive. I had just become single, and I thought my life would be about going out…
A NEWCASTLE builder accused of leaving five Hunter families out of pocket and with unfinished or ‘defect-riddled’ homes has been declared bankrupt. Ben Geary, of BJG Builders, filed for bankruptcy just days after Charlestown MP Jodie Harrison launched a scathing attack on him using parliamentary privilege in November. Ms Harrison said Mr Geary, of Lake…
Thursday, January 21, 2021 Greetings, Court fans! With the imminent inauguration of a new President and the mob attack on Congress dominating the news in recent weeks, the third branch continued humming along in the background. Late last week, the Court issued its sixth signed opinion of the term, in a low-profile bankruptcy case. The…
Insolvency and debt overhang following the COVID-19 outbreak: Assessment of risks and policy responses Lilas Demmou, Sara Calligaris, Guido Franco, Dennis Dlugosch, Mge Adalet McGowan, Sahra Sakha 22 January 2021 A swift response by policymakers across OECD countries has helped businesses to bridge the short-term liquidity shortfalls due to the economic shock following the COVID-19…
MILLIONS of families that are dealing with stretched household budgets face a debt time-bomb when the coronavirus crisis subsides, the anti-poverty charity the St Vincent de Paul Society suggests. Fewer people than usual are asking the Roman Catholic charity for help because most enforcement and eviction action has been temporarily suspended during the pandemic, and…
A NEWCASTLE builder accused of leaving five Hunter families out of pocket and with unfinished or ‘defect-riddled’ homes has been declared bankrupt. Ben Geary, of BJG Builders, filed for bankruptcy just days after Charlestown MP Jodie Harrison launched a scathing attack on him using parliamentary privilege in November. Ms Harrison said Mr Geary, of Lake…
The Aryza Group has today announced the acquisition of HubSolv, a move that will significantly strengthen Aryzas already dominant position within the financial services and insolvency market. Aryza incorporates technology such as Open Banking and AI-informed decision making to seamlessly automate the financial restructuring and recovery journey. HubSolv has developed a suite of fully automated…
Rationale Asset Management PLC, Value Asset Management PLC and Merydion Corporation Limited were wound up in the public interest on 12 January before ICC Judge Prentis. The Official Receiver has been appointed liquidator of the companies. During the proceedings, the court heard that Rationale Asset Management and Value Asset Management acted as property investment companies…
Timothy Dunn Stephen Skorbinski As we promised in our first article in this series, we will now discuss the advantages available to municipalities if it is determined that they can rely upon Canadas insolvency legislation to restructure their affairs. If applicable, the Bankruptcy and Insolvency Act (BIA) or the Companies’ Creditors Arrangement Act (CCAA) federal…
Thecompanybehind a32m development, intended to help regenerate Kilburn High Street,has gone into administration afteryears ofdelays. It has left buyers,who put hefty deposits intoapartments,in limbo aftertheir move-in dates were repeatedly delayed. Others, who have moved in,sayhave spentmonthsliving on aconstruction site. The Park Placeproject a ten-minute walk from West Hampstead train station wasmeant to house 60 luxury…