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.
Darshan Developers Private Limited along with 10 other consolidated corporate debtors (namely, Immediate Real Estate Private Limited, Manpreet Developers Private
Ashish Parwani, Devesh Juvekar, Rajeev Nair Rajani Associates has acted for Jayesh Sanghrajka, Resolution Professional of Darshan Developers Private Limited and
You will be aware of the new legislation, that came into effect on the 26 June 2020 within the Corporate Insolvency Governance Bill, to provide a company with a moratorium upon successful application to the court.
HMRC is likely to be a significant creditor in most cases where a moratorium is sought, we have set up a specific team to handle such cases.
For all notifications of a moratorium and subsequent contact regarding the moratorium we ask that monitors contact us on the following details:
Debt Management — EIS C HM Revenue and Customs BX9 1SH
Darshan Developers Private Limited along with 10 other consolidated corporate debtors (namely, Immediate Real Estate Private Limited, Manpreet Developers Private Limited, Wamika Real Estate Private Limited, Prithvi Residency Private Limited, Tenacity Real Estate Private Limited, Ghardwar Real Estate Private Limited, Fulgent Real Estate Private Limited, Suvarat Real Estate Developers Private Limited, Vyomakara Real Estate Private Limited, and Azinova Constructions Private Limited), entered into corporate insolvency resolution process on April 10, 2023 under the provisions of the Insolvency and Bankruptcy Code, 2016.
A gambling debt linked to Hong Kong actor Jacky Heung has been fully settled, Macau casino operator MGM China has said, adding legal proceedings have been terminated.
The casino company made the statement on Wednesday, a day after media reported that subsidiary MGM Grand Paradise had issued a writ against Heung.
The actor was sued for at least HK$1.4 million (US$178,000) over gambling debts, according to the court document.
“The matter involving Mr. Jacky Heung Cho arose from a credit guarantee he provided for a third party. Due to overdue payments not being made, MGM China subsequently initiated standard legal procedures to address the related matters,” MGM China said.
“Recently, all payments have been fully settled and the…
RajaniAssociates has acted for Jayesh Sanghrajka, Resolution Professional of Darshan Developers Private Limited and 10 other consolidated corporate debtors.
Darshan Developers Private Limited along with 10 other consolidated corporate debtors (namely, Immediate Real Estate Private Limited, Manpreet Developers Private Limited, Wamika Real Estate Private Limited, Prithvi Residency Private Limited, Tenacity Real Estate Private Limited, Ghardwar Real Estate Private Limited, Fulgent Real Estate Private Limited, Suvarat Real Estate Developers Private Limited, Vyomakara Real Estate Private Limited, and Azinova Constructions Private Limited), entered into corporate insolvency resolution process on…
Arizona Governor Katie Hobbs announces $429 million in medical debt cancellation for over 352,000 residents.
PHOENIX — Medical debt is one of the leading causes of bankruptcy, and in Arizona, the estimated amount of medical debt is about $2.4 billion.
But hundreds of thousands of Arizonans just got relief from those bills.
Last year, Gov. Katie Hobbs’ office announced a partnership with a national nonprofit, Undue Medical Debt, that would cancel $2 billion of medical debt for up to one million Arizonans.
On Wednesday, the governor made an announcement on Today in AZ,…
Martin Harte had left the firm years before its 2012 collapse
Bloxham Stockbrokers collapsed in 2012. Stock image: Getty
Martin Harte, a former partner with Bloxham Stockbrokers, which collapsed in 2012, has been declared bankrupt, according to the latest issue of Iris Oifigiúil.
The Dublin-based fund manager resigned from the firm in 2006 at the height of the Celtic Tiger, but later became embroiled, along with a number of other former partners, in a legal action launched by an insurance entity that sought to pursue a €4.9m judgment against them.
Bloxham, which operated as an unlimited partnership, went into meltdown in the spring of 2012 when the firm’s head of finance and compliance, Tadhg Gunnell, revealed that certain financial…
MGM responds to Jacky Heung’s unpaid gambling debt: Linked to third-party credit guarantee. (DDN)
According to Macau Daily News, regarding the relevant reports about Jacky Heung on July 15 by some media and platforms, MGM China hereby explains as follows.
The matter in which Jacky Heung was implicated stems from the credit guarantee provided by him to a third party. As the debt was overdue, MGM also initiated normal legal procedures to deal with the relevant matters. All the money has been repaid in full, and the corresponding legal procedures have been terminated.
The daily business and administrative affairs of gaming companies generally do not need to be disclosed to the media. However, given…
Macau-based MGM China,which operates MGM Cotai and MGM Macau, has confirmed that actor Jacky Heung has fully paid back a gambling debt that has taken over Hong Kong media in the last days.
Jacky is the eldest son of popular former actor, turned film producer and TV personality, who founded Win’s Entertainment and China Star Entertainment Group, Charles Heung Wah-keung.
Third Party Credit Guarantor
Following numerous media reports claiming that its subsidiary, MGM Grand Paradise, had filed a lawsuit against the 40-year-old actor, the company issued an official statement.
According to court filings, Heung was sued for at least HK$1.4 million (US$178,000) representing gambling debts that…
Hong Kong actor Jacky Heung (pic) was sued by Macau casino operator MGM China for an outstanding gambling debt of HK$1.4mil, according to a court document filed earlier this month.
The casino giant has since confirmed the debt has been fully settled and all legal proceedings have been terminated, reported South China Morning Post.
According to court document, Heung borrowed HK$2mil from MGM Grand Paradise, a subsidiary of MGM China, on Dec 1, 2024, which was then converted into betting chips. It also stated that the 40-year-old, who is the son of Hong Kong actor Charles Heung, had only repaid some of the money and owed the casino HK$1.4mil.
Millennials face increasing debt from student loans and housing, yet a new report shows more are seeking financial help to overcome burdens and stigma.
COLUMBUS, Ohio — When it comes to paying off debt, the race to the finish line is often more marathon than sprint.
No one knows that more than Jannette Adewunmi.
She’s on year three of a four year plan to get rid of almost $30,000 of debt.
“I had done like a home renovation that I had put a ton on a credit card for, and then I had like one that wasn’t a credit card debt but it was a line of credit associated with a home renovation as well,” she…
