Category Archives: Bankruptcy

Carillion: move to disqualify directors signals UK authorities getting tougher on ‘corporate wrongdoing’ – The Conversation UK

It was a dramatic end for government super-contractor Carillion when it crashed into insolvent liquidation in January 2018. Part-completed road projects, unfinished hospital buildings and disruption to hospital cleaning and catering heralded the end of this self-styled integrated support services business. Carillion owed its creditors over 1.5 billion, and when matters came to a head…

New guide to help Yorkshire consumers who are worried about debts – Yorkshire Post

Business R3, the insolvency trade body, has launched a new resource for consumers in England and Waleswho want to learn more about personal insolvency processes and managing their debts Friday, 15th January 2021, 8:42 am Updated Friday, 15th January 2021, 8:46 am Eleanor Temple The document, Dealing with money worries a guide to your options,…

New guide to help Yorkshire consumers who are worried about debts – Yorkshire Evening Post

Eleanor Temple The document, Dealing with money worries a guide to your options, provides an overview of the potential solutions available to those who are worried about their personal finances. Weve developed this document to provide individuals with all of the information they might need about the various options they can access and to make…

Insolvency Claims in 2021 – Litigation Finance Journal

Insolvency Claims in 2021 Given the impact of COVID, insolvencies are on everybodys mindhow to avoid them or how to navigate them. Knowing what to do when you find yourself in the middle of a business or personal insolvency is crucial. Litigation funding may be one of the most valuable tools in the insolvency toolbox.…

Builder bankrupt as company owes $1.7m – Morning Bulletin

The director of a company that once billed itself as Brisbane’s premier home extension and renovation business before collapsing has declared bankruptcy with creditors unlikely to see any of their money, according to liquidators. Total Lifestyle Builders Pty Ltd went into liquidation in June last year owing more than $1.7m to 89 unsecured creditors as…

Builder bankrupt as company owes $1.7m – Queensland Times

The director of a company that once billed itself as Brisbane’s premier home extension and renovation business before collapsing has declared bankruptcy with creditors unlikely to see any of their money, according to liquidators. Total Lifestyle Builders Pty Ltd went into liquidation in June last year owing more than $1.7m to 89 unsecured creditors as…

A wave of COVID-19 business failures may not come but 2021 will still be excruciating for some – ABC News

Some experts now believe there will no longer be a massive spike in businesses going belly up as COVID-19 drags on in Australia. But for some, 2021 will still bring heartbreak. Key points: Coronavirus protections and stimulus measures for businesses are starting to be wound back Despite this, some experts believe 2021 will not be…

Troubled Russian refinery seeks for bankruptcy of its former head’s gas company – RAPSI

11:58 13/01/2021 MOSCOW, January 13 (RAPSI) Troubled Russias Antipinsky refinery has lodged an application seeking to declare New Stream oil and gas company chaired by the former co-owner of the refinery bankrupt, according to court records. In late December, the Supreme Court of Russia has refused to overturn a ruling declaring board chairman of New…

Bankrupt Katie Price makes over £10K by selling her old shoes and used bikinis for £15 on Depop – Daily Mail

‘Items new, old and worn’: Bankrupt Katie Price makes over 10K by selling her old shoes and used bikinis for 15 on Depop By Sean O’grady For Mailonline Published: 23:35 AEDT, 13 January 2021 | Updated: 23:52 AEDT, 13 January 2021 57 View comments Katie Price is raking in the cash by selling her old…

Bankruptcy review targets ‘untrustworthy’ advisers – The Australian Financial Review

The discussion paper notes that legislation which would have reduced the default period for bankruptcy from three years to one year the Bankruptcy Amendment (Enterprise Incentives Bill lapsed before the 2019 election over concerns about it being available to those “for whom a concession is not a desirable or justifiable outcome”. The paper says consideration…