“Unfortunately, we cannot complete the original transaction as intended and amounts paid already cannot be refunded or credited,” the letter said. The customer told the Herald that they felt there was so little that unsecured creditors could do. “I know this can be standard practice in receiverships, but it feels like extortion,” they said. “We…
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
The company went into liquidation in June 2023, having paid just £133,654 of the £574,238 in VAT due between May 2022 and May 2023. Following an investigation by the Insolvency Service, Dickson, of Lawrie Reilly Place, Edinburgh, has been disqualified from acting as a company director for four years. His ban began on Wednesday, September…
IRD seeks to liquidate Christchurch salon owner’s companies The Press Read the original article here
In the decision in Woodhouse, in the matter of Panoramic Resources Limited [2024] FCA 449 , handed down this week (1 May 2024) by Feutrill J, the Federal Court of Australia considered the meaning of ‘Secured Property ‘as defined in a specific security deed and the extent to which phrases such as ‘in respect of’…
In 2016, AIG conducted a review of more than 300 D&O claims from across the United Kingdom and Europe on which it had significant reserve activity from September 2008 to March 2016 — and almost 25% of those claims were bankruptcy related. More recently, Willis Towers Watson’s “Insolvency Risk on the Rise — Global Directors’…
The National Company Law Tribunal’s ( NCLT ) inability to fill judge and technical posts has a detrimental impact on the prompt resolution of cases under the Insolvency and Bankruptcy Code (IBC). This problem has persisted and runs counter to the IBC’s main goal of offering quick settlement for corporate insolvency. An Advocate named Y.…
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Former hotel boss Campbell Dickson has been banned from being a company director for four years after his company went into liquidation owing more than £400,000 in VAT to HM Revenue and Customs (HMRC) Dickson had previously run two similarly named companies that also failed with substantial tax debts, leaving a combined total of more…
Insolvency numbers drop but November Budget casts “long shadow” – North East chair of R3 Insider Media Ltd Read the original article here