Category Archives: Bankruptcy

Laurentian faculty going after LU insurance money, claiming mismanagement – Sudbury.com

LUFA president says union has made a D&O claim against Laurentians leadership under insolvency legislation The union representing Laurentian University faculty is going after insurance money held by the insolvent university, saying the universitys leadership mismanaged its finances. Laurentian University Faculty Association (LUFA) president Fabrice Colin explained that lawsuits cannot be filed against Laurentian at…

Coles County Fair agricultural and horticulture awards announced – Journal Gazette and Times-Courier

CHARLESTON Agricultural and horticulture products Art Hall winners at the at this year’s Coles County Fair livestock show have been announced. Agricultural Products – Grains/Seeds/Forage/Crops – Soybeans 1st – Bridget Overton Agricultural Products – Grains/Seeds/Forage/Crops – Wheat 1st – Bridget Overton Agricultural Products – Grains/Seeds/Forage/Crops – Shelled Corn, Yellow 1st – Bridget Overton Agricultural Products…

Moscow’s notorious confectionary loses appeal against bankruptcy – RAPSI

12:53 15/09/2021 MOSCOW, September 15 (RAPSI) The Ninth Commercial Court of Appeals rejected an appeal filed by Moscows confectionary Menshevik, whose ex-owner Ilya Averyanov had been acquitted of the 2017 murder of a security guard, against a ruling on its bankruptcy, according to court records. Menshevik was declared bankrupt by the Moscow Commercial Court in…

Slew of new intervention bids may delay start of Steinhoff liquidation case – News24

Steinhoff’s legal team says the main proceedings cannot start until all the applications, including an appeal to the Supreme Court of Appeal, have been heard. Edrea du Toit The first day of a court hearing into whether retailer Steinhoff is insolvent was taken up with new intervention bids, arguments to postpone the matter, and applications…

Landlord hands over 10 properties in insolvency deal – The Irish Times

The High Court has approved a personal insolvency arrangement (PIA) that will allow a 52-year-old man write off approximately 1.38 million in debt owed to a financial fund. Under the terms of the arrangement, Alan Jenkins, who had debts of approximately 2.5 million, will see that sum reduced to zero after he agreed to surrender…

Temporary Insolvency Proceedings Ending in the UK – The National Law Review

Tuesday, September 14, 2021 The UK governmenthas announcedthat temporary restrictions on creditor action introduced in the Corporate Insolvency and Governance Act 2020 are to be phased out. These temporary restrictions were put in place to protect businesses in financial distress, as a result of the coronavirus (COVID-19) pandemic, from being forced into insolvency. The current…

Insolvency Service bans used car salesman for nine years – Motor Trader

A used car salesman banned for nine years after failing to pass on 750,000 to customers from the sale of 47 vehicles. Steven Edwin Prosser (60), from Broxbourne, Hertfordshire, was appointed a director of Sell Your Car With Us in May 2016. The company sold used cars and traded from premises on Hare Street in…

Registration open for upcoming virtual technology summit for girls – Journal Gazette and Times-Courier

The gender gap in computing is getting worse. According to the national nonprofit Girls Who Code, in 1995, 37 percent of computer scientists were women. Today, its only 24 percent. And, the biggest drop off of girls in computer science is between the ages of 13 and 17. But, a brand new event, called the…

Mustard Seed declares bankruptcy, announces closure after asking members to help pay off debts – CBC.ca

TheMustard Seed has declared bankruptcy and announced it is closing its doors. In an email to members sent Monday and obtained by CBC, the boardsaysits unsecured debts exceedits assetsby “well over $300,000.” “On declaration of bankruptcy the volunteer board had to resign,” the email said. “All the staff have lost their jobs. This is an…

SC urges company tribunals to quickly clear IBC cases – Hindustan Times

Company law tribunals must therefore remain mindful that inordinate delays cause commercial uncertainty, degradation in the value of the corporate debtor and makes the insolvency process inefficient and expensive. By Utkarsh Anand, Hindustan Times, New Delhi UPDATED ON SEP 14, 2021 04:27 AM IST The Supreme Court on Monday said judicial delay was the main…