A 74-year-old farmer from Carlow has saved his land from sale through a personal insolvency arrangement (PIA). The farmer owed a number of debts totaling 215,000, 100,000 of which was secured over the 60ac farm which is now being farmed by his son. A secured creditor had instigated the process of selling the land, but…
{{featured_button_text}} MATTOON Tonya Reynolds was the guest speaker at a recent Kiwanis Club of Mattoon meeting. Reynolds is a teacher with the Prevention Initiative Birth-3 Program with the Mattoon Community Unit School District 2. The program promotes bonding with families of children from birth to 3 years of age and assists with prenatal care and…
KITCHENER The grand Spanish-style venue that was home to the now-bankrupt Hacienda Sarria wedding and event business is on the market for nearly $8 million. Originally a sugar beet factory, the late Ron Doyle transformed the Union Street property into an opulent, award-winning event space featuring beautifully-landscaped gardens and a light-bathed, two-storey atrium ringed with…
Fewer bankruptcies in July Skip to main content Change navigation 13/08/2021 15:00 Hollandse Hoogte / Hans van Rhoon The number of corporate bankruptcies, adjusted for court session days, has decreased. There were 12 fewer bankruptcies in July than in the previous month, according to Statistics Netherlands (CBS). The number of bankruptcies pronounced in the first…
What would happen if a property and casualty insurer were to go bust? Last week, thousands of Florida home owners were left scrambling for coverage when during peak hurricane season Sarasota-based Gulfstream Property & Casualty announced its liquidation to customers. In 2018, Californias Camp Fire left Merced Property & Casualty in ruins, unable to pay…
A Serbian glass manufacturer has declared bankruptcy and ordered insolvency administrators to commence with its liquidation sale. The Serbian Glass Factorys Parachin Glassworks has been in operation since 1907, producing glass containers production facility including bottles and jars. The sale also includes a tableware glass production plant as well as its “Plana” limestone quarry, which…
Peter Chan hails a cab after the hearing. SING TAO Sophie Hui Former fung shui master Peter Chan Chun-chuen has been declared bankrupt after failing to pay HK$28.4 million in legal fees to Nina Wang Kung Yu-sum’s charitable foundation. Chan, 61, had been sentenced to 12 years for forging a will in a bid to…
The latest Coface Romania study shows that in the first six months of 2021, 3,033 new insolvency proceedings were opened, 23 percent above the level recorded in the same period of the previous year. Insolvencies opened in the first half of this year have returned close to the level before the Covid-19 pandemic and are…
The National Company Law Tribunal (NCLT), Chennai, has said the entire corporate insolvency resolution process for Vasan Health Care Private Limited cannot be started afresh from the stage of issuance of expression of interest because it will upset the timelines prescribed under the Insolvency and Bankruptcy Code, 2016. The NCLTs observation came on a petition…
Two meetings of groups of creditors of indebted Ocho Rios attraction Mystic Mountain Limited, MML, held during the past week, have failed to resolve issues related to whether the beleaguered company will be declared bankrupt and its assets sold off to repay bondholders and other persons and institutions it owes money. Unresolved, too, is whether…