Category Archives: Bankruptcy

Key Developments In Canadian Insolvency Case Law In 2020 | Blake, Cassels & Graydon LLP – JDSupra – JD Supra

In 2020, several significant judicial decisions were rendered across Canada relevant to commercial lenders, businesses and restructuring professionals. This bulletin summarizes the core issues of importance in each case and provides status updates on the cases reported on in our January 2020 bulletin, Key Developments in Canadian Insolvency Case Law in 2019. CHARACTERIZATION AND TREATMENT…

Solicitors launch specialist personal insolvency advice line – Lancashire Business View

News LBV Hub Legal Services Farleys Solicitors North West law firm Farleys Solicitors have launched a free personal insolvency advice line as a response to the sharp rise in number of bankruptcies and IVAs in the last three months of 2020 as the Covid-19 pandemic continues to affect vast numbers of individuals and their finances,…

Drinks company that falsified accounts to get £300000 wound up – GOV.UK

Liquor World (Scotland) Ltd was wound up in the public interest on 11 February 2021 by order of Lord Clark in the Court of Session. Julie Tait and Stuart Preston of Grant Thornton UK LLP have been appointed joint interim liquidators of the company. The company, which appeared to have traded as a retailer and…

Fund Sponsors & Portfolio Company Insolvency – The National Law Review

Wednesday, February 17, 2021 COVID-19 continues to disrupt normal business operations, creating liquidity problems and negative working capital for many companies. As fund sponsors take actions to help their portfolio companies navigate through this time, they should alsosensitize directors to insolvency issuesand the associated litigation risks. As we have previously highlighted, bothfunds and fund managers…

Creditor wants to force Bendigo miner into administration – Bendigo Advertiser

A CREDITOR wants the former operator of the goldfield under Bendigo declared insolvent because of a debt of just over $200,000. The Bendigo Advertiser has obtained a court document alleging Kralcopic Pty Ltd has failed to pay back $234,308.40 owed to company Gold Miners Australia Pty Ltd. It comes as Kralcopic fights on multiple fronts…

Influencer bankrupted over massive debt – Queensland Times

She hoodwinked investors by cooking the books of her wellness website, now glamorous social media influencer Bianca Cheah has been declared bankrupt. In 2019, the NSW Supreme Court ordered Ms Cheah and her husband Simon Chalmers to pay the former Australian boss of investment bank Lazard Garren Cronin and his wife Emma more than $1…

FOI 146: Individual insolvencies by ward for 2019 – GOV.UK

Our ref: FOI20/21-146 Date: 21 December 2020 Dear , Re: Freedom of Information Act 2000 Thank you for your email of 30 November in which you requested from the Insolvency Service: I am writing to ask if it would be possible to have the following data set from the Insolvency Service Individual Insolvencies by ward…

Is my one-third payout from a RA protected from creditors? – Moneyweb.co.za

I would like to know whether the one-third payout from a retirement annuity at retirement age would be protected from creditors? Thank you for sending your question through. You have raised a very important question as it is vitally important to understand how and when your retirement fund benefits enjoy protection from ones creditors. At…

Scarlets rugby team sponsor declared bankrupt – BBC News

image copyrightRobert Melenimage captionClare Louise Thomas, also known as Louise O’Halloran, has previously refuted all allegations against her and her business A businesswoman who was one of the Scarlets rugby team’s main sponsors has been declared bankrupt. Clare Louise Thomas’ firm Juno Moneta Group owes the region more than 500,000, believed to be in relation…

Italian Yacht Builders Ferretti Group And Sanlorenzo Form Joint Venture To Rescue Perini Navi From Bankruptcy – Forbes

Perini Navi’s 230-foot-long Sybaris that was designed by Phillipe Briand won great acclaim in 2018. Perini Navi Two of the worlds leading yacht buildersFerretti Group and Sanlorenzoalso happen to beItalianyacht builders. So, Im not surprised that when news of another storied Italian superyacht builderPerini Naviwas in financial distress, the leadership teams from the Ferretti Group…