Galway Bay fm newsroom 208 Galway people have reached arrangements on debt or been made bankrupt in the last 3 years.
Thats according to the latest report from the Insolvency Service of Ireland.
The report covers the period from the beginning of 2014 to the second quarter of this year.
It reveals that 88 people were declared bankrupt during that time across the city and county.
A further 120 people reached an agreement on their debts in that period.
These include arrangements such as Personal Insolvencies, debt settlements or debt relief.
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The directors of the now defunct Glasgow-based George Hunter (Demolishers) Limited have been disqualified for allowing the company to continue to incur liabilities despite knowing a petition to wind the company up was before the court.
George Beattie (senior) signed a seven year disqualification undertaking on the 12 April 2017; Michelle Beattie signed a three years and six month disqualification and George Beattie (junior) was disqualified on 31 May 2017 from acting as a director of a limited company by Order of the Glasgow Sheriffs Court for seven years.
The sanctions come more than two years after George Hunter (Demolishers) Limited was placed into liquidation with an estimated deficiency to creditors of £1,755,782 on 20 A…
Read the full article at: https://www.scottishconstructionnow.com/20644/directors-of-liquidated-demolition-firm-banned-for-17-years-after-ignoring-winding-up-order/
NOIDA: Jaypee Wishtown homebuyers have pushed the panic button with the company presently listed for insolvency hearing at the Allahabad bench of the National Company Law Tribunal. The buyers have started a social media campaign on micro-blogging site, Twitter with hashtag, Jaypeescam where the buyers are upholding the plight of the buyers invested in Jaypee projects. The wishtown buyers also mentioned that they may organize protests further to this to get the attention of the government on their issue.
“We are aware of the listing of Jaypee group at the Allahabad bench of the National Company Law tribunal where IDBI’s plea against Jaypee Infratech as an insolvent company is being heard. We have heard that the Tribunal will no…
Read the full article at: http://timesofindia.indiatimes.com/city/noida/jaypee-buyers-anxious-over-company-insolvency-proceedings/articleshow/60007793.cms
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BERLIN, Aug. 10 (Xinhua) — Incidents of insolvency among German firms and individuals are on the rise, figures released on Thursday by the Federal Statistical Office show.
A total of 1,764 firms were declared insolvent by German district courts in May 2017, an increase of 1.6 percent compared to last year. Most insolvencies were filed in the retail sector.
District courts estimated that the outstanding liabilities of bankrupt firms in May 2017 amounted to roughly 1.6 billion euros (1.87 billion U.S. dollars). In May 2016, the figure was 2.1 billion euros. Even though a larger number of firms were declared bankruptcy, their relevance to the German economy was thus smaller than that of the cohort of in…
Read the full article at: http://news.xinhuanet.com/english/2017-08/10/c_136515768.htm