A deceased estate is insolvent when the deceased persons liabilities exceed the value of their assets. This leads to creditors being owed money by the estate, which must be repaid as far as funds allow. A hierarchy of payment exists for deceased insolvent estates. The executor, or personal representative, is responsible for ensuring debts are…
HOT SPRINGS — The old Social Security Administration Office here needs to be preserved, U.S. Sen. John Boozman, R-Ark., said after a recent tour of the vacant building. The two-term Republican senator from Rogers was joined on the tour by Garland County Judge Darryl Mahoney, County Attorney John Howard and former County Judge Larry Williams,…
EVER wondered what goes on in the mind of a person who has been served a bankruptcy notice or even declared bankrupt? The likelihood of the mind being enveloped with fear, lack of information and misplaced pessimism of losing a family home, car, life savings and the inability to restart afresh is high. It can…
The Mumbai bench of the NCLT approved Piramal Group’s resolution plan for the beleaguered DHFL on June 7. TopicsDHFL|NCLT|debt resolution Subrata Panda | Mumbai Last Updated at June 14, 2021 01:08 IST The National Company Law Tribunal (NCLT), while approving the resolution plan of Piramal Group for Dewan Housing Finance Limited (DHFL) has named a…
Click here to get Khmer Times Breaking News direct into your Telegram KrisEnergys winding up petition will be addressed by Grand Court of the Cayman Islands on July 12 at 9 am according to an announcement released by the upstream oil and gas company on Friday. A winding up petition is a notice issued when…
LAWRENCE SMITH/Stuff Doug Robson, with the love of his life Cherie Wells. Robson has emerged from bankruptcy, but his experiences with the Official Assignee have left him angry and depressed. Extraordinary personal stories of bankruptcy are prompting calls for an overhaul of the Insolvency Act, and a plea for more compassion. Rob Stock reports. Doug…
A payroll services boss has been banned for orchestrating a multi-million pound tax avoidance scheme. Leicester-based Scott Rooney was appointed sole director of Magnetic Push Limited in February 2017. The company provided payroll services, trading from an office in Liverpool, and was previously known as The Knowledgeshares Limited and My PSU Subcontractors Limited. Magnetic Push…
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 2017 June 300 2017 July 266 2017 August 231 2017 September 237 2017 October 261 2017 November 251 2017 December 269 2018 January…
KUALA LUMPUR (June 11): The Inland Revenue Board today denied at the High Court here that there was any malice on its part in filing a bankruptcy notice against former prime minister Datuk Seri Najib Razak for owing RM1.69 billion in taxes to the government. Senior tax counsel Norhisham Ahmad said since obtaining the court’s…
A battle over who is responsible for cleaning up hundreds of oil and gas rigs in the Gulf of Mexico is quietly playing out in a bankruptcy court in southern Texas. The contestants in this game of fossil fuel infrastructure hot potato: Fieldwood Energy, an offshore drilling company attempting to offload more than $7 billion…