R3, the UK’s restructuring, turnaround, and insolvency trade body, noted a decline from 223 in May to 163 in June. This includes administrator and liquidator appointments and creditors’ meetings. Nationally, the South East ranks sixth in insolvency-related activities, behind Greater London, the North West, East Anglia, the West Midlands, and Yorkshire & Humberside. Despite this,…
1. Director disqualification Director disqualification is the process whereby a person is disqualified, from: becoming a director of a company directly or indirectly being concerned or taking part in the promotion, formation or management of a company without permission from the court or a licence. The Company Directors Disqualification Act 1986 (CDDA) applies. The Insolvency…
Cyberluck continues to face serious trouble in Curaçao and is once again under fire by the Foundation for the Protection of the Interests of Victims of Online Gambling. The Court Declared the Operator Bankrupt The Court of First Instance of Curaçao has declared online gambling operator Cyberluck bankrupt. The company was one of the four…
One Coronation Street star was declared bankrupt years after her exit from the ITV soap. Actress Eva Pope portrayed Tanya Pooley, starring in 143 episodes between 1993 and 1994. The 57-year-old went on to appear in a number of other TV shows, including Casualty, Heartbeat, The Bill and Holby City. But Eva is perhaps best…
Seven MPs have written to the Home Office to share “bankruptcy concerns” over the financial situation of Lincolnshire Police. The letter states the force is at risk of having to issue a Section 114 notice, which would mean it may have to declare itself effectively bankrupt. Without additional support, the MPs said it would result…
The second half of 2024 saw a 47 per cent increase in total insolvencies compared to the same period the year prior, ASIC data has revealed. Insolvency rates increased across nearly all sectors of the economy in the final two quarters of 2024 as the ATO continues its stricter stance towards tax collection. The leading…
Elements you can claim for If you’ve been made redundant and your employer is insolvent, you can apply to the Insolvency Service for the money you’re owed. To apply, you must complete the online application. We’ll then assess your claim and pay you the money you’re entitled to. We make separate payments for the different elements…
A recent study has revealed that nearly a fifth (17 per cent) of Australian SMEs would collapse if they lost just one major client. As revealed in ScotPac’s SME Growth Index Report, if businesses lost a key client, there would be an average revenue loss of 22 per cent. Diversifying revenue streams is key to…
Guy Conroy was a director of Green IS Group Limited and GIS Forestry Limited, which offered customers the opportunity to invest in teak trees on plantations in Brazil Conroy allowed Green IS Group and GIS Forestry to mislead their customers, breaching contractual obligations in the process At least £8.525 million was owed to investors when…
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