The Insolvency Service is to start interviewing former directors of the collapsed government contractor Carillion as it steps up an investigation into one of the biggest corporate failures in recent British history. Nearly seven months after Carillion entered liquidation, the government agency said it had finished transferring 278 contracts to new suppliers as part of…
North East England has retained its unwanted place at the top of the national table for personal insolvency for the tenth successive year. According to the latest annual figures from the Insolvency Service, there were 27.2 individual insolvencies per 10,000 people in the region in 2017, which are comprised of bankruptcies, Debt Relief Orders (DROs)…
Moneycontrol News The Corporate Affairs Ministry is planning to set up eight special courts under the National Company Law Tribunal (NCLT) to deal with insolvency cases, according to a report by Business Standard. “These courts will be set up in Mumbai, Delhi, Chennai, Kolkata, and Hyderabad,” a senior ministry official was quoted as saying. Three courts will be…
Industry consolidation, economic pressures and a decline in orders from within the food trade are understood to have been major contributory factors leading to the failure of Austrian fruit and vegetable wholesaler Zeilberger fruit-service, which was declared bankrupt last week. Zeilberger, which runs a packaging and distribution facility alongside its head office in the northern…
Sir Clive Sinclair’s company has accused flailing ZX Spectrum reboot firm Retro Computers Ltd of trading while insolvent. Meanwhile, the firm has delivered some consoles and been stripped of the brand rights to its flagship product. Last week some customers of Retro Computers Ltd reported on social media that they had received samples of the…
PUBLISHED: 12:00 06 August 2018 Laura Brainwood New figures show a significant rise in personal insolvency in East Devon. Picture: Getty Images This content is subject to copyright. The Citizens Advice … Read the full article at: http://www.exmouthjournal.co.uk/news/rise-in-east-devon-personal-insolvency-1-5634740
The court case in the USA relating to collapsed broker Beaufort Securities has seen one of the defendants plead guilty to a money laundering conspiracy. Arvinsingh Vinesh Canaye, a Mauritian citizen and general manager of Beaufort Management, an offshore company connected with Beaufort Securities, has pleaded guilty according to The Times. Canaye was one of…
Tens of thousands of people every day drive past the towering wind turbines posted at four Thruway exits between Eden and the Pennsylvania state line. But no matter how windy the day might be, those two-blade turbines stand motionless. Just a few years after the New York State Thruway Authority spent about $5 million on…
“I needed to take drastic action as I was only two months months away from bankruptcy,” Barrass says. While Barrass, from Melbourne, now owns a cleaning business and has managed to turn her finances around, more Australians are finding it difficult to keep the wolf from the door. Bankruptcies increase Figures from credit reporting agency…
Westlife star Shane Filan’s wife Gillian ‘is declared BANKRUPT’… six years after his own financial collapse left him in £20M debt Legal documents obtained by The Mirror show Gillian was ruled bankrupt by The High Court on 23 July Gillian’s money woes are believed to stem from unpaid mortgage debts she and husband Shane share…