Insolvency Guardian Media Centre
Highlights
- John Arne Riise’s playing career saw him win the Champions League with Liverpool in 2005.
- But the Norway international was declared bankrupt in 2007.
- Riise has turned things around in recent years, with financial support and punditry.
John Arne Riise’s legacy on the pitch sees him remain a modern Norwegian great who has a number of distinguished honours under his…
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On 19 July 2023, the parliament of the Grand Duchy of Luxembourg (Luxembourg) passed bill no. 6539A into law (the New Insolvency Law), marking a significant milestone in the movement to modernise and enhance the competitiveness of Luxembourg’s insolvency framework. The bill has been under discussion for a number of years and aims to curtail the use of bankruptcy as an insolvency solution in favour of the preemptive preservation or reorganisation of financially distressed companies. It implements Directive (EU) 2019/1023 of the European Parliament and of the Council of 20 June 2019 on preventive restructuring frameworks into national law.
The New Insolvency Law has come into force on 1 November 2023 and introduces novel…
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All Qualifying North Carolina Hospitals Are Joining Debt-Reduction Effort, Governor Says U.S. News & World Report
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Companies are collapsing at the fastest clip in years, as soaring interest rates push their borrowing costs sharply higher, while slowing economic activity is causing sales to languish.
The move by troubled US chemist chain Rite Aid Pharmacy to file for bankruptcy on Sunday has added another name to the list of US corporate casualties for 2023.
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Gold Coast build company owes $500k to 22 staff – in liquidation Gold Coast Bulletin
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Expanded pilot project planned to help munis pay Eskom as arrear debt continues to rise Creamer Media’s Engineering News
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The District Court of Shawnee County, Kansas has declared MutualAid eXchange (MAX) insolvent, and the company has been placed into liquidation pursuant to a petition filed by the Commissioner of Insurance.
The court ruled MAX to be insolvent on August 22, two weeks after the company’s board of directors consented to an Order of Rehabilitation. After further evaluation of the company’s solvency, the court determined that liquidation is necessary to pay outstanding liabilities.
MAX had consistent underwriting losses, lack of reinsurance, and a declining surplus that posed a hazard to its policyholders, creditors, and others, the court judgment.
Founded in 2001, Overland Park-based MAX concentrated on homeowners and farms…
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Luxury Australian fashion brand and favourite to the stars, Dion Lee, entered voluntary administration on Thursday.
Antony Resnick of insolvency firm dVT Group has been appointed administrator to the Australian arm of the 15-year-old brand, which operates six stores in Australia and one in America. Its designs are also sold through 160 global outlets.
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Whitsundays fishing charter goes under with $350k debts Courier Mail
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Practice Overview
A former Chief Justice of the Cayman Islands, Sir Anthony was admitted to practice as an attorney-at-law in Jamaica in 1977. He accepted an appointment as Principal Crown Counsel for the Cayman Islands where he relocated in 1983. He was appointed Solicitor-General in 1987 and acted as Attorney General for the Cayman Islands on several occasions until he accepted appointment as a Judge of the Grand Court in February 1993. Sir Anthony was appointed as Chief Justice of the Cayman Islands in June 1998. While Chief Justice, he also served as the Mutual Legal Assistance Authority under the Cayman – United States MLAT.
In August 1991 Sir Anthony was appointed as Queen’s Counsel. He was appointed to the Court of Appeal of…
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A Victorian solar energy company has plunged into liquidation with debts of $3.8 million.
Creditors voted to place G-Store into liquidation rather than have their debts wiped at a fraction of the cost on Friday afternoon.
G-Store, headquartered in Melbourne’s Malvern East and also with premises in regional Victoria in Warragul, specialised in installing custom solar energy and sustainability options into homes.
But last month, the business appointed Philip Newman of insolvency firm PCI Partners as administrator.
All 20 staff lost their jobs as a result. They learned that the business had gone under when administrators showed up at their workplace and had the locks changed.
Just past noon on Friday, creditors discarded the option of…