Theodoric Meyer is a Politico reporter. On a February morning in 2005 in a hearing room in the Dirksen Senate Office Building, Joe Biden confronted Elizabeth Warren over a subject theyd been feuding over for years: the countrys bankruptcy laws. Biden, then a senator from Delaware, was one of the strongest backers of a bill…
One of Australias most heavily touted tech startups – custom footwear-maker Shoes of Prey – has filed for insolvency. Helpfully, co-founder Michael Fox has explained why in a Medium post. The TL;DR: even though it had a loyal fan base among well-heeled women who appreciated its shoe customisation service, the company was never profitable and…
Aodhan O Faolain Michael McKevitt was among four men found liable for the attackPACEMAKER PRESS Three men found liable for the Omagh bombing have been declared bankrupt by the High Court after failing to pay damages to relatives of the victims. The car bomb on a street packed with shoppers killed 29 people, including nine…
The Pensions Regulator has dropped its probe into whether Johnston Press used a controversial insolvency procedure to dump 300m in pension liabilities on the industry lifeboat fund. The UK regulator opened an investigation in November after Johnston, the publisher of the Scotsman and Yorkshire Post, used a pre-pack insolvency to keep the business afloat. Pre-packs…
THE depth of debt owed by the failed Sunshine Coast Pet Resort is yet to be confirmed as liquidators chase up a $169,000 loan from the business to directors Jack and Sam Brown. Ms Brown has indicated a total debt of more than $660,000 but liquidator Cameron Crichton has not put a final figure on…
The longtime abode of the flamboyant financier Jim Byrnes has hit the market in Bellevue Hill. It is the address where bullets were fired into the five bedroom family home in 2012 in a dramatic drive-by shooting. It last sold in 2004 when $4.5 million was paid by his wife, Gina. MORE: Nicole Kidman and…
By Renuka Sane In this season of non-performing assets (NPAs) clean-up, lenders recently moved to invoke the personal guarantees the Ruias had made on the debt taken by Essar Groups power companies. Zee Groups promoter gave a personal guarantee for payment obligations on an irrevocable and unconditional basis to a group of lenders. In other…
Update (12:10 UTC, March 7): This article has been updated with statements from a SETL press release received after publication. London-based blockchaininfrastructure company SETL has filed for insolvency and is looking for a larger financial services firm to take on some of its holdings. The newsrevealed in a notice of insolvency filed today with the…
SETL Blockchain Project Files For Bankruptcy, Now Seeks Buyers SETL Development Limited, a London-based firm founded in 2015 to bring the benefits of blockchain technology to financial institutions, reports The Block on March 7, 2019. SETL Goes Bankrupt SETL, an enterprise blockchain platform that builds a solution for financial institutions, has declared itself insolvent and…
Pauline Muldowney, more commonly known as Pauline Gopee, was disqualified for 12 years on 7 December 2018 at the High Court of Justice. The court heard that Pauline Muldowney was the sole formally appointed director of Pangold Investments Limited in March 2016 and just over a year later on 27 April 2017, a winding-up order…