Insolvency Guardian Media Centre
Simbhaoli Sugars Appoints New Company Secretary Amid Insolvency Proceedings TipRanks
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Simbhaoli Sugars Appoints New Company Secretary Amid Insolvency Process TipRanks
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When financial pressures mount and debt payments become overwhelming, many people begin searching for potential relief options, like debt forgiveness, which reduces your balance and makes it easier to pay off the remainder of what’s owed. But while credit card debt, medical bills and student loans tend to dominate debt forgiveness discussions, personal loans…
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This comes after the family agreed to pay US$3.5 billion to the court-appointed liquidators of the company and top creditor HSBC
HIN Leong’s founder Lim Oon Kuin and his two children were declared bankrupt last week, the electronic government gazette published on Friday (Dec 27) showed.
Better known in the oil trading industry as OK Lim, the 82-year-old, his 57-year-old daughter Lim Huey Ching and 54-year-old son Lim Chee Meng will have their bankruptcy estates managed by trustees Leow Quek Shiong and Seah Roh Lin of BDO Advisory.
The bankruptcy stemmed from the former Singapore oil tycoon and his two children having agreed in September to pay US$3.5 billion to the court-appointed liquidators of the company and top creditor HSBC after a…
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Introduction
The Privy Council has considered an appeal from the Court of Appeal of the Eastern Caribbean Supreme
Court, originating from the courts of the British Virgin Islands (BVI), and delivered a landmark
judgment in Sian Participation Corporation (In Liquidation) v Halimeda International Ltd [2024] UKPC
16. This decision engages the competing public policy considerations of (a) ensuring insolvency
proceedings can progress without undue delay; and (b) upholding parties’ agreement to arbitrate
disputes.
The Privy Council has decided that a debt must be the subject of a genuine dispute on substantial
grounds for the court to stay or dismiss a creditor’s winding up petition in favor of arbitration. It is not
enough…
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Goodtech Solutions AB Declared Insolvent, Financial Implications for Goodtech ASA TipRanks
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Ms Jeffrey said the biggest number of queries the Shropshire CAB had received concerned the Personal Independence Payment (PIP).
It is currently paid to more than 3.6 million people who have a long-term physical or mental health condition in England, Wales and Northern Ireland.
There are two elements – a daily living component and a mobility component. Claimants may be eligible for one or both.
Under the government’s proposals, assessments for the daily living part will be tightened.
The Office for Budget Responsibility said it will affect around 800,000 people.
The government has also announced changes to a number of other benefits.
Ms Jeffrey said she also wanted to make people more aware of the financial help and advice they could receive.
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Sponsored: Credit Card Debt Relief for Texans WFAA
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Himley Environmental Ltd (HEL), which owns the Oak Farm Quarry and Landfill site adjacent to the pub, which was gutted in a fire nearly two years ago, has been wound up voluntarily, according to Companies House.
George Adam Taylor was a previous director of HEL and is currently a director of ATE Farms Limited, the firm that bought The Cooked House from Marstons in July 2023.
Mr Taylor’s wife, Carly, was also a director before she stepped down from ATE Farms Limited in December 2023.
A final statement of affairs issued by the liquidator showed that the HEL had debts totalling £1,222,312, including £679,616 owed to the Environment Agency.
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A quarter century after its inception — and less than a year after its “full-throated” defense of artificial intelligence in writing — the nonprofit behind the annual National Novel Writing Month (NaNoWriMo) challenge is closing its doors.
Kilby Blades, a romance author serving as NaNoWriMo’s interim executive director, announced in a video and in emails posted to social media that the nonprofit, which challenged participants to crank out a draft for a novel every November, would be shuttering because, essentially, it’s out of money.
In the nearly 30-minute-long video, Blades explained in detail the money problems that the competition — which spawned the bestselling “Water For Elephants” and incorporated into a nonprofit six years…
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Quantron emerged as a new player in the commercial electric vehicle market at the end of 2019 – launched by Gersthofen-based Iveco contract partner and commercial vehicle specialist Haller. Andreas Haller is now also keeping the company alive: On 1 April, the remaining Quantron assets and the workforce, which had shrunk to 35 employees, were taken over by Andreas Haller Holding GmbH – as part of a transferring reorganisation. Quantron AG is now history and the company is being absorbed into a new company, which once again belongs to the Haller Group. The former founder buys Quantron anew, so to speak.
In its startup phase, Quantron positioned itself in the conversion industry but quickly transformed itself into a system integrator…
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Village Roadshow Entertainment has filed for Chapter 11 bankruptcy protection, a dark turn for the once-prolific film financing company that backed the “Joker,” “The Matrix” and “Ocean’s Eleven” movie franchises.
The West Hollywood company blamed its ongoing legal battle with longtime partner Warner Bros. for its collapse, according to a Monday filing in U.S. Bankruptcy Court in Delaware. Village Roadshow also conceded that its ambitious push into producing independent films and television programs before the pandemic was unprofitable, exacerbating its financial woes.
The breach of contract lawsuit against Warner Bros. came after the studio introduced “The Matrix Resurrections” in December 2021 on its HBO Max…