A director who “repeatedly subverted the insolvency system’’ by helping owners of struggling businesses to drop debts has been banned from running companies for nine years.
Neville Taylor, 57, is listed as a director of more than 400 companies and was paid almost £270,000 by the operators of a scheme that replaced the directors of companies on the brink of failure.
The government’s Insolvency Service examined 12 companies Taylor was a director of which had ceased trading but had not entered liquidation.
In these companies, Taylor “made little or no attempt to verify information relating to their affairs, including securing records and assets, breaching his duties as a company director and subverting the insolvency system in…
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NEW YORK — Lenders will no longer be able to consider unpaid medical bills as a credit history factor when they evaluate potential borrowers in the U.S. for mortgages, car loans or business loans, according to a rule the Consumer Financial Protection Bureau finalized Tuesday.
Removing medical debts from consumer credit reports is expected to increase the credit scores of millions of families by an average of 20 points, the bureau said. The CFPB says its research showed that outstanding health care claims are a poor predictor of someone’s ability to repay a loan yet often are used to deny mortgage applications.
The three national credit reporting agencies — Experian, Equifax and TransUnion — said last year that they were removing…
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Of the ₹1,800 crore offered by Nuvoco Vistas, ₹1,725 crore is for repaying financial creditors’ dues, and the…
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Forward AM shutters U.S. operations following insolvency filing VoxelMatters
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The Insolvency Service has banned a 57-year-old man as a director for nine years after he took part in a scheme to undermine the insolvency system.
Atherton Corporate paid Neville Taylor £266,914 to replace the directors of 12 companies which had ceased trading but had not entered liquidation.
Taylor, who is listed as a director of more than 400 companies, is alleged to have made no attempt to verify details of the companies’ affairs, breaching his duties as a director.
The companies had combined assets of more than £8.2m according to their final filed accounts. By the time the companies entered liquidation with Taylor at the helm, their estimated assets stood at only £676k, a decrease of more than…
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Ivan Herrera, MSc Business, has worked as a journalist in San Antonio since 2016. His work for KSAT 12 and KSAT.com includes covering consumer and money content, news of the day and trending stories.
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Prolific company director Neville Taylor has been disqualified for nine years
Taylor, who is listed as a director of more than 400 companies, was paid by Atherton Corporate (UK) Ltd to replace the directors of 12 companies which had ceased trading but had not entered liquidation
In each of the 12 companies, Taylor made little or no attempt to verify information relating to their affairs, including securing records and assets, breaching his duties as a company director and subverting the insolvency system in the process
More than £7.6 million in assets across the 12 companies could not be accounted for at the date of insolvency
A key figure in a scheme designed to undermine the insolvency system has been banned as a company…
Read the original article here
Prolific company director Neville Taylor has been disqualified for nine years
Taylor, who is listed as a director of more than 400 companies, was paid by Atherton Corporate (UK) Ltd to replace the directors of 12 companies which had ceased trading but had not entered liquidation
In each of the 12 companies, Taylor made little or no attempt to verify information relating to their affairs, including securing records and assets, breaching his duties as a company director and subverting the insolvency system in the process
More than £7.6 million in assets across the 12 companies could not be accounted for at the date of insolvency
A key figure in a scheme designed to undermine the insolvency…
Read the original article here
Kamala Harris Announces New Federal Rule To Help People With Medical Debt MSN
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SCOTTSDALE, Ariz., Jan. 7, 2025 /PRNewswire/ — With the growing demand for estate sales and business liquidation services, Grasons offers an ideal franchise opportunity for motivated individuals looking to build a fulfilling and profitable career.
As we begin a new year, Grasons, a leader in estate sales and business liquidation services and member of Evive Brands, is expanding its national footprint by welcoming new franchisees eager to join a high-demand industry. Known for its compassionate approach to estate sales and unparalleled support for clients, Grasons provides a unique business model for…
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The Supreme Court recently dismissed an appeal seeking to confine Corporate Insolvency Resolution Process (CIRP) of Spaze Towers Pvt. Ltd. (Corporate Debtor) to a single real estate project of the company located in Gurugram.
A bench of Justice Abhay Oka and Justice Augustine George Masih dismissed an appeal against the decision of National Company Law Appellate Tribunal (NCLAT), Principal Bench, New Delhi rejecting an application to confine the CIRP of the corporate debtor to a single project.
“We agree with the view taken by the National Company Law Appellate Tribunal (NCLAT) that the order under Section 7 of the Insolvency and Bankruptcy Code, 2016 cannot be confined only to one project of the Corporate Debtor (CD). Accordingly, the…
