The rate of personal insolvencies in Sunderland has significantly increased over the last two years, official data has revealed. In 2015, 24.8 adults per 10,000 were declared insolvent in Sunderland, according to Insolvency Service figures. However by 2017 that figure had risen to 28.1, an increase of 13.6%. Insolvency is when someone cannot pay their…
The crisis engulfing Britain’s high streets will deepen on Wednesday when Gaucho, the steak restaurant chain, crashes into administration after its lenders opted not to pursue a rescue deal. Sky News has learnt that the company, which employs about 1,500 people, has filed a notice of intention to appoint Deloitte as its administrator. While that…
The rate of personal insolvencies in Wakefield has increased by more than a third over the last two years, official data has revealed. In 2015, 16.9 adults per 10,000 were declared insolvent in Wakefield, according to Insolvency Service figures. However by 2017 that figure had risen to 22.8, an increase of 35.3%. Insolvency is when…
Reggiana, the third-division Italian soccer team Mike Piazza agreed to purchase in 2016, has been declared bankrupt, according to reports out of Italy. The team announced on June 24 that it would not be registering in Serie C for the forthcoming season because of its financial issues. Five days later, the team had begun negotiations…
TORONTO An association aimed to promote Canadian companies involved in the space industry has declared itself insolvent and has ceased operations. Michelle Mendes, executive director and president of the Canadian Space Commerce Association, says on its website that the move comes after significant consideration and exploring all options. The CSCA official stressed that the decision…
TORONTO An association aimed to promote Canadian companies involved in the space industry has declared itself insolvent and has ceased operations. Michelle Mendes, executive director and president of the Canadian Space Commerce Association, says on its website that the move comes after significant consideration and exploring all options. The CSCA official stressed that the decision…
Bankrupt manufacturing tycoon Siegfried Lee Siu-fung, who once owned the most expensive house in Hong Kong, has moved into property development in the US, targeting investors from the city and China seeking residency status through an investment visa programme. Lee moved his base out of Hong Kong to the US after his company Siu-Fung Ceramics…
A large and sometimes noisy meeting of teachers (inset) submitted stronger demands for loan relief at the government’s help centres, but Minister of Education Teerakiat Jareonsettasin (above) and the prime minister have shown little sympathy for the ‘self-inflicted’ debt problems. (Main photo by Apichart Jinakul) Teachers who are threatening to stop repaying their loans in…
Chief Justice Mr Frank Clarke. Picture: Collins ‘Unduly complex’ laws threatening major developments in Ireland – Chief Justice Independent.ie Irelands top judge has warned major developments are being held up due to unclear and unduly complex environmental legislation. https://www.independent.ie/irish-news/unduly-complex-laws-threatening-major-developments-in-ireland-chief-justice-37127544.html https://www.independent.ie/incoming/article36501385.ece/5bbd3/AUTOCROP/h342/PL32919851Calls%20to%20the%20out%20INT_ED5_S01%20Read-Only.jpg Email Irelands top judge has warned major developments are being held up due to unclear…
Chartwell Trustee Pension Solutions Ltd (Chartwell), was the sole trustee of the Pinnacle Pension Scheme and was incorporated on 14 December 2007. Its registered office was Kingfisher House, Bromley, Kent. The Insolvency Service launched an investigation into the companys activities following complaints received by it and Action Fraud. The investigation found: the company was entrusted…