Many crypto investors are accustomed to collateralized lending such as margin in a brokerage account, perpetual futures, DeFi loans, yield farms, and other secured loans. In trust-minimized ecosystems like crypto, borrowers must give lenders some type of assurance that they will repay and almost always, that assurance takes the form of collateral. A collateralized loan…
Fallout from the Budget and rising overheads have driven up this month’s corporate insolvency figures, with struggling businesses set to face further challenges in 2025 when wage costs increase. This is according to the Midlands branch of insolvency and restructuring body R3 and follows latest statistics published by the Insolvency Service which show that corporate…
GS Holdings Faces Liquidation of Key Subsidiary TipRanks Read the original article here
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Date published: 18 December 2024 The Department for the Economy has accepted a disqualification undertaking from the director of a company involved in repair and maintenance of aircraft and spacecraft. The undertaking was received for eight years from Jonathan Munn (40) of Hillside Park, Castlereagh, Belfast, in respect of his conduct as director of JMM…
A small family-run used car dealership appears to have appointed insolvency practitioners, just weeks after the business closed without warning. Car Dealer reported on December 4 that the doors to Swanson Motor Company had suddenly slammed shut with a message confirming the closure appearing on the firm’s website. The Newton Abbot-based Ford specialist told customers…
Heritage Park Estates Ltd liquidated during lodge eviction dispute Calendar An icon of a desk calendar. Cancel An icon of a circle with a diagonal line across. Caret An icon of a block arrow pointing to the right. Email An icon of a paper envelope.
Boutique restructuring consultancy Cathro & Partners has appointed Mark Cook as a director. Founded in 2021 by industry expert Simon Cathro, Cathro & Partners specialises in restructuring, turnaround, personal and corporate insolvency, safe harbour, secured enforcement, government advisory, and pre-lending services. The addition of Mark Cook bolsters the firm’s senior team – he brings around two…
In a significant ruling, the National Company Law Appellate Tribunal (NCLAT) on Tuesday dismissed an appeal by former promoters of Spaze Towers. The promoters sought to confine the Corporate Insolvency Resolution Process (CIRP) to just one project, Spaze Arrow, instead of multiple ongoing projects. The initial directive for insolvency proceedings came from the National…
Representative image NEW DELHI: Appellate tribunal NCLAT on Tuesday dismissed the plea filed by the former promoters of realty firm Spaze Towers to confine the Corporate Insolvency Resolution Process to only one project — Spaze Arrow. The National Company Law Tribunal (NCLT), on October 21, 2024, directed the initiation of insolvency proceedings against Spaze Towers,…