The training focused on the ECG live debt dashboard

On Friday, February 28, 2025, the Electricity Company of Ghana’s (ECG) Revenue Assurance Information Technology team conducted a comprehensive training session for the Volta Region’s Priority Clients Management Executives (PCMEs), Debt Management Officers (DMOs), and the Revenue Management Officer at the Regional Conference Room.

The training focused on the ECG live debt dashboard, equipping participants with the necessary tools to effectively manage high-consuming customers and reduce outstanding debts across various districts in the region.

The objective was to enhance efficient debt management and ensure steady revenue generation.

Participants were encouraged to leverage the…

KEY TAKEAWAYS

• Changes to the Companies Law in 2022 have increased the options available to creditors of insolvent Jersey companies

• A creditor is now able to apply to the Jersey Court to wind up a company a liquidated claim against a Jersey incorporated company for not less than the prescribed amount of £3,000

• This guide sets out the key features of the Jersey creditor-driven winding up regime

The right of a creditor who is owed a liquidated debt that is not subject to a bona fide and substantial dispute to have the debtor company wound up if that debt is not paid in accordance with its terms is fundamental to the proper functioning of any modern financial system.

The existence (or absence) of an efficient…

The goalposts for Members’ Voluntary Liquidation taxes are changing as announced in the Autumn Budget, Labour’s first major fiscal announcement since coming into power. As the government set out to raise a record £40 billion through tax rises, Capital Gains Tax and Business Asset Disposal Relief, both crucial to an MVL, came under the firing line.

A Members’ Voluntary Liquidation is a popular liquidation procedure as it provides a seamless exit route from a solvent limited company to company directors. An MVL provides a highly tax-efficient solution to exiting company directors in search of tax favourable ways to extract funds, and continues to uphold this advantage, despite the increase in MVL taxes.

What’s…

Interior design firm Casa filed for bankruptcy in a Belgian court on Wednesday, raising questions over the future of the company’s stores and employees in Luxembourg.

Casa has eight stores across the Grand Duchy and its latest annual results listed 26 employees in the country in 2023.

The Luxembourg stores “will remain open” for the time being despite the bankruptcy application in Belgium, Casa International CEO Vincent Nolf told Belgian broadcaster VRT. “We cannot draw any conclusions about what will happen there,” he added, without giving further details.

Founded in 1975, Casa’s declaration of bankruptcy will lead to the closure of 63 stores and a distribution centre in Belgium, with 544 employees affected.

Casa’s problems…

– An unusual South Island estate, Campbell Park, sold by liquidators for $3.2 million.

– The 79-hectare property features a Gothic-style castle, 35 homes, and a gymnasium.

– The estate, linked to abuse allegations, was previously owned by a company tied to Richard Yan.

An unusual but crumbling South Island estate the size of a small town has been sold by liquidators for $3.2 million.

OneRoof has reached out to the agent for comment but can report the sale price was over the $2.9m CV, $2.27m of which was improvements and $630,000 land value.

Campbell Park Estate, in Duntroon, slightly inland between Oamaru and Timaru, featured in the Hollywood blockbuster The Lion, the Witch and the Wardrobe but had also been in the headlines over

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The MLT Aikins insolvency and restructuring practice group carried out assignments in 2024 as counsel to debtor companies, lenders and court officers administering insolvency proceedings. Notable highlights are as follows.

View pdf version

Alberta assignments

Tallahassee Exploration Inc. (Receivership)
Ryan Zahara and Molly McIntosh acted as counsel to the Orphan Well Association (“OWA”) and the British Columbia Energy Regulator (“BCER”) in obtaining a receivership order against Tallahassee Exploration Inc. (“Tallahassee”) on October 23, 2024. Tallahassee holds licenses for hundreds of oil and gas wells, pipelines and facilities across Alberta and British Columbia.

KMC Mining Corporation (CCAA)
Ryan Zahara…

Several businessmen were once billionaires, but later they went bankrupt. They had to rely on family income for daily expenses. In this article, we will tell you about the story of one such person, who spent a whopping amount on her daughter’s marriage but later went bankrupt. His name is Pramod Mittal, brother of Lakshmi Mittal, the Indian steel magnate who runs ArcelorMittal, the world’s largest steel and mining company by output. He is the richest Indian in mining and metal sector with a net worth of USD 18.5 billion, as per Forbes.

His brother Pramod Mittal was the chairman of Ispat Industries Limited (now JSW Ispat Steel). Pramod used to be…

Thomas Alexander Ross, 44, racked up debts into the tens of millions.

Most creditors were paid nothing when bankruptcy trustees published their final report in August 2024, as the sale of his assets didn’t even cover what he owed to banks, who get first dibs on any cash raised.

So they were horrified to discover video, shot just weeks before they were told they’d get nothing, of Ross living it up in Sin City, splashing cash in the World Series of Poker (WSOP).

Ross previously lived in a £2.5m house in Claygate, Esher, had a second home in the area and owned a flat in Hyde Park Gardens.

Thomas Ross was released from his bankruptcy in 2022, but trustees didn’t issue their final report until summer 2024 (Image:…