Totalbrand Limited (the company) entered creditors’ voluntary liquidation on 28 July 2016. The liquidators of the company assigned certain rights of action to Cage Consultants Limited (CCL) under s.246ZD of the 1986 Insolvency Act (IA86). These rights of action included claims against the directors of the company for misfeasance, and claims under IA86 relating to…
(Source: resort-elbrus.ru) The economic crisis in the Russian Federation has resulted in the central government further tightening its control over the republics of the North Caucasus. Ingushetia now faces a loss of its financial autonomy. Similarly, the property rights for a key tourist enterprise in Kabardino-Balkaria have been handed over to a federally owned company.…
{{featured_button_text}} CHARLESTON Blakeman Bridge near the main entrance to Lake Charleston is scheduled to be closed for repairs, starting Tuesday. The bridge will be closed during work hours and the work is expected to last two days, a news release from the Coles County Highway Department said. Support Local Journalism Your membership makes our reporting…
Credit ratings or credit scores can be tricky things to navigate and understand. To try and help make sense of it all, West Real Estate spoke with Loan Market State Director Western Australia Royden DVaz. With more than 25 years of experience in finance, Mr DVaz said credit scores were like a financial tattoo. A…
Recently we learned that two mall real estate investment trusts, or REITs, declared bankruptcy after the COVID-19 pandemic decimated their already-fragile businesses. Pennsylvania Real Estate Investment Trust (NYSE:PEI) and CBL & Associates (NYSE:CBL) were the first two victims of the pandemic, but will there be others in the mall REIT space? In this Fool Livevideo…
A home previously owned by MEP Mick Wallace which was the subject of legal proceedings after he was declared bankrupt has gone sale agreed. AIB placed his Clontarf home on the market after repossessing the property over unpaid mortgage debts. No 13 Clontarf Road, a three-bedroom bungalow in Dublin, had a price tag of 725,000…
Approached by The Australian Financial Review to comment, Mr Porter said: “The government is considering Australias personal insolvency settings to make sure they best support our economic recovery from the impacts of COVID-19, including considering the default bankruptcy period. “The nature of the personal insolvency system, and the bankruptcy default period, is that it necessarily…
Legislation setting out reforms to Australias insolvency framework has now been introduced into Parliament. The Corporations Amendment (Corporate Insolvency Reforms) Bill 2020 has now been introduced, laying out significant changes that the government contends will help small businesses restructure and survive the economic impact of COVID-19. The reforms are set to kick in from 1…
The news that Croydon Council has declared itself bankrupt has been on the cards for the past few months but what does it mean for those that live in the borough? You should still be able to get your bins emptied as this is considered an essential service. And many will worry about what this…
Download CSVShow datatableNumber of bankruptcies of businesses and institutions (excluding sole proprietorships) adjusted for court sessions days Number of bankruptcies of businesses and institutions (excluding sole proprietorships) adjusted for court sessions days 2016 November 417 2016 December 332 2017 January 336 2017 February 292 2017 March 304 2017 April 263 2017 May 281 2017 June…