Jonathan Bennett (49), from Cardiff, appeared at Cardiff Crown Court on 10 May before Judge Fitton QC were he was sentenced to 9 months in prison, suspended for 2 years. During the hearing the court heard that Jonathan Bennett was banned as a company director in 2010 for 8 years. Jonathan Bennett, however, continued to…
Mr Tinklers spokeswoman challenged the validity of the claim over the property and the size of the debt claimed. The Tinkler camp said arbitration was under way and they believe the appointment of FTI may amount to a breach of the arbitration process. A ban on Mr Tinkler being a director of Australian companies expired…
A High Court ruling that will allow a 54-year-old woman pay a mortgage until she is 90 could help an estimated 20,000 people who are unable to pay Celtic Tiger-era debts. Mr Justice Mark Sanfey signed off on a personal insolvency arrangement a form of financial rescue for heavily indebted borrowers that will allow Co…
Months after sweeping changes to insolvency laws, the budget revealed the government will re-examine what should happen when businesses go bust. Key points: Laws around how failed businesses are wound-upwill be re-examined Broad, temporary protections set up during the pandemic have ended Sweeping changes were introduced in January, but have notbeen used much That could…
The High Court has approved a Personal Insolvency Arrangement that will see a 54-year-old woman continue to make mortgage repayments on her family home until she is 90 years of age. Mr Justice Mark Sanfey approved the PIA in respect of Esther Kirwan, from Moycarkey, Thurles, Co Tipperary, in what is a regarded as an…
TAP Air Portugal (TP, Lisbon) has filed an application in the Commercial Courts of Lisbon for the liquidation of its groundhandling company, Servicos Portugueses de Handling, S.A. (SPdH), also known by its trademark Groundforce Portugal. The airline is a creditor of Groundforce, which to date has provided ground-handling services to TAP at Lisbon, Porto, Faro,…
Enlarge this image National Rifle Association CEO Wayne LaPierre at the group’s annual meeting in Dallas in May 2018. A secretive figure, LaPierre makes few public appearances outside of carefully scripted speeches. Daniel Acker/Bloomberg via Getty Images hide caption toggle caption Daniel Acker/Bloomberg via Getty Images Updated at 6:43 pm ET A federal bankruptcy judge…
Employees working for an insolvent company will have to be given at least 30 days’ notice of redundancy, under new legislative reforms to be introduced by the Government. The proposal is part of a new Department of Enterprise, Trade and Employment Action Plan to boost the rights of employees hit by insolvency – an issue…
The Government is to introduce new legislative reforms over the medium term to enhance the rights of employees facing collective redundancies following insolvency. In a new action plan, the Department of Enterprise and Employment says that in future workers affected by collective redundancy will in all cases have to receive 30 days notice. The plan,…
The Insolvency Service will be given powers to investigate directors of companies that have been dissolved, closing a legal loophole and acting as a strong deterrent against the misuse of the dissolution process. The process will no longer be able to be used as a method of fraudulently avoiding repayment of Government backed loans given…
