17:16 28/01/2019 MOSCOW, January 28 (RAPSI) – The Commercial Court of Tatarstan has extended bankruptcy proceedings against VIM Airlines for six months, RAPSI has learnt in the court. The republican commercial court has scheduled hearing of a bankruptcy receivers report on the results of the bankruptcy procedure for July 19. On September 26, the court…
The number of people going financially insolvent is predicted to have jumped to levels not seen for at least six years in official figures released on Tuesday. The Insolvency Service is due to release figures showing how many bankruptcies, debt relief orders (DROs) and individual voluntary arrangements (IVAs) took place in the fourth quarter of…
The RCMP have laid charges against a separated couple who allegedly declared that their snow removal business, Ottawa Diamond Construction Inc., was bankrupt even though the business appeared to remain solvent. According to federal police officers, the pair, who are now divorced, declared the business bankrupt in 2015. They are alleged to have removed as…
The number of people going financially insolvent is predicted to have jumped to levels not seen for at least six years in official figures released on Tuesday. The Insolvency Service is due to release figures showing how many bankruptcies, debt relief orders (DROs) and individual voluntary arrangements (IVAs) took place in the fourth quarter of…
The company said it had applied for the court order for preliminary insolvency proceedings, but aimed to try and restructure its operations and has brought in an expert, Christian Gerloff, to support this. The order applies to parent company Gerry Weber International, which said all subsidiaries are currently excluded. Key measures, which have been agreed…
Turkish intercity bus company Pamukkale, which employees 3,500 people, was declared bankrupt after the ruling of a court, BBC reported. A court in the Aegean province of Izmir rejected the companys request for bankruptcy protection on Thursday. In weighing Pamukkales request, the court examined the companys finances, determining that there was no potential for the…
More than 11,600 borrowers received advice and support from Abhaile, the States mortgage arrears and debt resolution service over a two-year period, according to a recent report. The Department of Justice and Equality, and the Department of Employment Affairs and Social Protection, who co-ordinate the scheme, published annual reports reviewing the take up and outcomes…
Catherine Sanz Charlie Flanagan, the justice minister, said Abhaile was helping those struggling most with arrearsBRIAN LAWLESS/PA Nearly one third of borrowers who engaged with the states mortgage advice service had a solution in place within a year of seeking help, a report says. A second annual report from Abhaile, a service for mortgage holders…
With State Bank of India (SBI) putting its entire loan exposure in Essar Steel the company involved in one of the largest insolvency cases on the block, one message thats come through loud and clear is of a loss of confidence in the Insolvency and Bankruptcy Code (IBC). The move was just the cue…
An amendment in the Insolvency and Bankruptcy Code (IBC) last year to insert Section 12A which allowed withdrawal of cases admitted to the National Company Law Tribunal (NCLT) has slowly begun to make an impact. At the end of December 2018, two years after the IBC came into effect, 586 cases have been…