A UK government review published on the 9th May has recommended Britain sets up a Flight Protection Scheme. The scheme would see all air passengers paying a 50p levy to finance their repatriation should their airline go bust. The Flight Protection Scheme would get you home if your airline goes bust. Photo: Pxhere Air passengers…
Defence lawyers sought on Thursday to poke holes in an expert witnesss conclusion that Sean Dunne was effectively insolvent as of late 2007. This is the fourth day of the once-high-flying property developers American civil trial. The plaintiffs claim that Mr Dunne was insolvent by the late 2000s is key to proving his allegation that…
Image copyright Getty Images Image caption Craig Hughes, from Luton, removed three coaches without the permission of liquidators in August 2017 A coach company boss who hid three coaches from liquidators has been banned from promoting, forming or managing a company for nine years. Craig Hughes, 27, from Luton, was director of HL Tours, a…
According to the minutes, Sidway (previously called Merhis Contracting) held the contract to build Stacey Apartments, a $78 million-development of 146 units at 196 Stacey Street, Bankstown, which was completed last year. The Sidway minutes also contain the assertion from Mr Hathway, managing director at corporate insolvency firm Helm Advisory, that “members of the Merhis…
Craig Andrew Hughes (27) of Luton was the registered director of HL Tours Limited from July 2013. Based in Bedford, the company provided private hire coach services catering to schools and private clients. However, the company could not pay its debts and entered into a Creditors Voluntary Liquidation (CVL) in October 2017, owing its creditors…
LATEST:A DEBT in excess of $1.7 million to the Australian Taxation Office led to Supercuts Hairdressing Salons being placed in voluntary administration by its shareholders. Staff at the 13 Queensland stores and one in Canberra, were told in the early hours of May 7 their stores would close by the appointment of liquidators and their…
The markets are back at or close to all-time highs and selecting investments at this point is becoming quite tricky, especially for a fundamentalist and contrarian investor, like me. Also, trying to follow the macro tourists into which sector is poised to go up can prove itself a very difficult task or, as experience shows…
Blink and youll miss itbut some high-street companies are finding ways to reduce their business rate bills. Last week two retailers proposed to ease their business rates burden using company voluntary arrangements, or CVAs, an early-stage insolvency mechanism where businesses seek better terms with creditors. Debenhams, the department store chain, is looking for a 48-50…
Committees of Creditors (CoCs) should provide all relevant information and share their vision for companies under the insolvency process, a senior official said on Saturday as he asserted that it will be dangerous to let viable firms to close down. Amid rising number of stressed assets being referred for resolution under the Insolvency and Bankruptcy…
Blockchain infrastructure firm SETL Development Ltd., which filed for insolvency in March, is back as a trimmed-down new entity formed by its management team. The new company, SETL Ltd., said Friday that it has now acquired the operating assets, staff and intellectual property (IP) rights of the old entity. Further, the company has reached an…