David Smith submitted false VAT returns on behalf of long-established Scottish machinery firm Balgownie Limited across a three-year period In total, more than £1.5 million was undeclared to HM Revenue and Customs (HMRC) between 2019 and 2022 Smith has been banned as a director for 11 years and the company was bought out of administration…
In a development with potentially significant implications for the construction and insolvency sectors, the Ontario Superior Court granted an initial order under the Companies’ Creditors Arrangement Act (“CCAA“) that included a rarely seen measure: a stay on calls against performance bonds. The decision in Re Earth Boring Co. Limited raises important questions about the limits…
UK ministers appoint insolvency advisers for Thames Water collapse ‘contingency plans’ UK ministers have lined up insolvency practitioners to prepare for the potential collapse of Thames Water, Britain’s biggest water company. Steve Reed, the environment secretary, has signed off the appointment of FTI Consulting to advise on contingency plans for Thames Water to be placed…
CAPELLE ON THE IJSSEL, Netherlands (CelebrityAccess) –Dutch concert promoter Bon Bon Entertainment has been declared bankrupt by a local judge, ending nearly 15 years in the live entertainment business. Founded in 2010, Bon Bon staged concerts by international artists such as Wizkid, King Promise, Tory Lanez, Tiwa Savage, and…
The IBBI has proposed making it mandatory for the committee of creditors (CoC) to formally record its deliberations on the eligibility of resolution applicants under Section 29A of the IBC Code aimed to enhance transparency in the corporate insolvency resolution process (CIRP). Section 29A of the Insolvency and Bankruptcy Code (IBC) lays down the ineligibility…
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New Delhi, Aug 11 (PTI) The IBBI has proposed making it mandatory for the committee of creditors (CoC) to formally record its deliberations on the eligibility of resolution applicants under Section 29A of the IBC Code aimed to enhance transparency in the corporate insolvency resolution process (CIRP). Section 29A of the Insolvency and Bankruptcy Code…
Courtney McDonald HWLE Lawyers Read the original article here
On average, three people a day ask to be declared insolvent The number of people deciding to declare themselves bankrupt is growing in Ukraine. According to the Supreme Court, more than 2,900 Ukrainians have become bankrupt in the last five years. 577 Ukrainians have already filed for bankruptcy in the first six months of 2025.…
Texas cancer surgeon may go bankrupt amid United Healthcare dispute TheStreet Read the original article here