The German civil aviation authority Luftfahrt-Bundesamt today revoked the operating license of Germania Fluggesellschaft after the company filed for insolvency and ceased flight operations in the night between February 4 and February 5. The Berlin-based leisure carrier blamed unforeseeable events such as the increases in fuel prices last summer and the simultaneous weakening of the…
The average household debt is creeping towards 59,000. Per adult, the typical amount we owe is increasing by almost 900 a year. And when the credit runs out or the repayments fail, the house of cards can quickly come crashing down. … Read the full article at: https://www.independent.co.uk/money/spend-save/insolvency-guide-facts-risks-personal-finances-credit-debt-mortgage-a8757716.html
The Financial Conduct Authority (FCA) introduced a deadline of 29 August 2019 for making PPI claims. The Official Receiver is seeking to claim outstanding PPI awards available in bankruptcy estates to ensure creditors receive assets owed. Information for creditors If you are a creditor in a bankrupts estate, the Official Receiver will contact you if…
Paul Rossi (53), also known as Paolo Rossi, and his wife, Claire Michelle Rossi (49), were directors of Independent Derivative Traders Ltd. The company traded as Futex and provided access to a financial markets trading platform for sub-contracted independent traders. The married couple were joined in the management of the company by Pauls brother Mark…
German airline Germania said on Tuesday it had filed for insolvency and would terminate flight operations immediately, citing rising fuel prices and a stronger dollar. There were also delays integrating aircraft into the fleet and a high number of “maintenance events”, the company said in a statement. (https://bit.ly/2MNKtkQ) CEO Karsten Balke said it was unable…
Date: 05.02.2019 Lessons to be learned from case of decades-old business The TFT fleet up for auction It was a business that serviced much of Queensland for the best part of three decades but now Tim Fisher Transport (TFT)…
One of Tomorrowlands key stage design associates, Neverland Themepark Projects, has declared bankruptcy. The company, which was founded in 1997, had been working with Tomorrowland since the EDM event was launched in 2005. Last week, however, it was reported that the company would no longer be providing its services to the festival or any other…
What The Directors Want The directors sought that the CoCs decision to back ArcelorMittal India Pvt. Ltd.s bid should be quashed and set aside. They also asked the NCLT to direct the resolution professional and the CoC to provide them with all documents necessary for deliberations and discussions during meetings. But most importantly, the directors…
Three brothers, who stole 3m in a tax scam involving pubs and restaurants, have been jailed and banned from being directors for 28 years. Bournemouth brothers Shahab Hashtroudi, 64, Shahin Hashtroudi, 58 and Hedayat Hashtroudi, 68, ran pubs and restaurants in Hampshire, Dorset and Surrey, using the money to prop up their loss-making business empire…
The 73-year-old and his partner Ria have been living in poverty in southeastern Bulgaria for the last two months, only to receive help after his story grabbed huge attention in the Netherlands following a TV documentary shown last Sunday. They survived the freezing conditions in a broken-down van, lacking electricity, water and sanitary facilities, and…