Stay informed with the latest in insolvency news and industry updates. We can keep you up to date with insolvency and finance information from around the world.
Debt relief Leading international development experts have called for fundamental reforms to the global debt architecture, warning that developing nations
From stabbing Jon Snow to axe throwing venue, Anthony McCaughley speaks about his career
Staff at Black Axe Belfast: Will Lavery, manager, Anthony McCaughley, owner/director, Andrew Cassidy, lead instructor
The owner of a Belfast axe-throwing venue has spoken of how he saved an indebted venue from closure after the previous owners went into liquidation.
Anthony McCaughley, 50, became the owner and manager of Black Axe Throwing Co in Belfast last year, when the then-owners revealed the venue was facing shutdown.
Renta 4 | According to an official statement, Revenga Smart Solutions has requested additional time from the Commercial Court to continue negotiating the entry of an investor group into the company’s shareholding structure. To this end, they would have the support of creditors representing more than 59% of total liabilities.
The potential investor group has shown interest in acquiring a significant stake in the company, which gives the viability plan greater visibility.
This request is pending approval by the court.
Assessment: Positive news, as confirmation of the entry of this investor group would represent progress towards resolving the company’s current…
UK rental company Reactive Rentals filed for liquidation just before midnight yesterday.
The company directors, Steve Skeates and Gary Sprecht, instructed FTS Recovery at the end of September to assist them in placing the company into Creditors’ Voluntary Liquidation. That has now gone ahead.
It seems that unsecured creditors are owed almost £2.4 million, many of them other rental companies, while secured creditors are owed just over £100,000, leaving the deficiency at £2,482,788.04. The deadline for filing the latest accounts – for the year to the end of 2024 – was September 30th, but as of yesterday, they had still not been filed. The annual Confirmation Statement was due on…
Liverpool cult hero Steve Finnan is facing a bankruptcy battle following a multi-million pound row between the Champions League winner and his brother.
Irish full-back Steve Finnan, 47, enjoyed a successful Premier League career, winning Champions League and FA Cup winners’ medals while with Liverpool in the 2000s, but has been embroiled in a decade-long legal tussle with his brother Sean after the pair got involved in a disastrous property business together.
The 49-year-old first sued his brother in 2016 after growing concerned with the manner in which the business was being run. The pair agreed a £4million settlement at the High Court in 2018.
However, the former footballer did not receive his money and his brother was declared…
Leading international development experts have called for fundamental reforms to the global debt architecture, warning that developing nations face unprecedented fiscal pressures threatening healthcare, education and climate action investments.
The experts delivered their assessments during a media briefing on November 13 ahead of the Group of 20 (G20) Global Leaders Summit in Johannesburg. Panelists emphasized that Africa and other developing regions are experiencing debt servicing costs that consume substantial portions of government revenues while yielding minimal development returns.
Mahmoud Mohieldin, United Nations (UN) Special Envoy on Financing Sustainable Development, described the situation…
Anthony McCaughley speaks about his career from stabbing Jon Snow to directing axe-throwing
Staff at Black Axe Belfast: Will Lavery, manager, Anthony McCaughley, owner/director, Andrew Cassidy, lead instructor
The owner of a Belfast axe-throwing venue has spoken of how he saved an indebted venue from closure after the previous owners went into liquidation.
Anthony McCaughley, 50, became the owner and manager of Black Axe Throwing Co in Belfast last year, when the then-owners revealed the venue was facing shutdown.
As per the proposal, the Information Memorandum (IM) must include the names, units allotted, and amounts due for all allottees as reflected in the corporate debtor’s (developer’s) own books of account, irrespective of whether they have formally submitted a claim. The resolution plan subsequently prepared by prospective buyers must provide for the treatment of these allottees.
The discussion paper claims that the change is intended to prevent post-resolution issues, uncertainty, and litigation when non-filing homebuyers approach the successful resolution applicant seeking inclusion.
An information memorandum is a detailed document that includes all information about a company undergoing an insolvency process. The memorandum must have…
Issuer innovation and regulatory support can help grow sustainable debt in emerging markets, a critical tool to address the multi-trillion-dollar climate financing gap, according to a new BloombergNEF (BNEF) report, Scaling Sustainable Debt in Emerging Markets.
The report, commissioned by the Dubai Financial Services Authority (DFSA) and the Hong Kong Monetary Authority (HKMA), finds that nearly half of all financing for low-carbon energy companies in the Middle East and North Africa (MENA) and emerging Asia Pacific (APAC) comes from labeled sustainable debt. These instruments are an important channel of capital to the energy transition and have a strong foundation for growth.
Brazil’s Central Bank on Tuesday ordered the extrajudicial liquidation of Banco Master, shutting down the institution and terminating its operations indefinitely.
The order, signed by Central Bank president Gabriel Galípolo, also calls for the judicial liquidation of Master SA Corretora de Câmbio.
The regulator appointed EFB Regimes Especiais de Empresas as the liquidator, granting it broad authority to dismantle the financial group’s activities.
The announcement came shortly after Federal Police arrested Banco Master owner Daniel Vorcaro in São Paulo.
His detention followed intensifying regulatory scrutiny and marked a dramatic turn for the lender, which had been on the verge of collapse for months.
