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Category Archives: Bankruptcy

Omagh bomb trio declared bankrupt in victims legal action – Belfast Newsletter

BankruptcyBy Insolvency GuardianMarch 12, 2019

Published: 16:03 Tuesday 12 March 2019 Share this article Three men have been declared bankrupt for failing to pay 1.6m to the victims of the 1998 Real IRA Omagh bombing. The High Court ruling in Dublin is the first time in the world that anyone has been declared bankrupt for refusing to compensate victims of…

Alleged Omagh bombers declared bankrupt | Ireland – The Times

BankruptcyBy Insolvency GuardianMarch 12, 2019

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…

Biden vs. Warren: Round 1 – POLITICO

BankruptcyBy Insolvency GuardianMarch 12, 2019

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…

StartupLand darling Shoes of Prey files for insolvency – iTnews

BankruptcyBy Insolvency GuardianMarch 12, 2019

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…

Alleged Omagh bombers declared bankrupt | Ireland – The Times

BankruptcyBy Insolvency GuardianMarch 12, 2019

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…

Pensions Regulator drops probe into publisher Johnston Press – Financial Times

BankruptcyBy Insolvency GuardianMarch 11, 2019

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…

Liquidator chases pet resort bosses over $169k loan – Sunshine Coast Daily

BankruptcyBy Insolvency GuardianMarch 10, 2019

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…

Flamboyant financiers flash home up for sale – NEWS.com.au

BankruptcyBy Insolvency GuardianMarch 10, 2019

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…

Till debt do borrowers apart – Economic Times

BankruptcyBy Insolvency GuardianMarch 9, 2019

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…

Blockchain Firm SETL Seeks Buyer After Filing for Insolvency – CoinDesk

BankruptcyBy Insolvency GuardianMarch 8, 2019

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…

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