Business partners who exploited banking system by channelling £13.9 million in unauthorised overdrafts through companies banned for combined 23 years

Bankruptcy

Scott Dylan and David Antrobus allowed £13.9 million to pass through two companies using unauthorised bank overdrafts, with Dylan himself receiving £1.675 million The pair’s actions resulted in Barclays Bank freezing the company accounts and demanding repayment Dylan and Antrobus subsequently defied freezing injunctions obtained by Barclays, leading to contempt of court proceedings and jail…

Savage Cabbage Founder Wins £137k

Bankruptcy

Last month, international cannabis operator Cannim collapsed, calling in administrators to sift through the company’s remaining assets and attempt to find tens of millions of dollars to satisfy its increasingly frustrated creditors.  As details continue to emerge regarding Cannim’s questionable handling of finances in the run-up to its collapse, legal challenges claiming ownership of whatever…

Paul McCartney’s favourite bass company is in trouble – Höfner’s future uncertain as it files provisional insolvency proceedings

Bankruptcy

The future of Höfner, one of guitar and bass’s oldest brands, famous for Paul McCartney’s 500/1 bass guitar, is under threat after it filed for bankruptcy protection. The Furth Local Court, in Bavaria, announced the provisional insolvency on 10 December, appointing a provisional administrator, Dr Hubert Ampfer, to secure the company’s assets. These proceedings do…

Bankruptcy has not ended Regional Jet activities | News

Bankruptcy

Although Regional Jet, which operated under the Xfly brand, went bankrupt in February, it still has dozens of employees and a valid maintenance certificate. In November last year, Nordic Aviation Group and its subsidiary Regional Jet filed for bankruptcy. The court declared Nordica bankrupt in January, followed by the bankruptcy ruling for Regional Jet, which…