The new rules restructure the 1986 version of the insolvency rules, introduce gender-neutral drafting and incorporate the 28 sets of amendments made since the rules came into force. They also take into account changes made to insolvency procedures by the 2015 Deregulation Act and Small Business, Enterprise and Employment Act, particularly around the use of…
CHARLIE GATES JOSEPH JOHNSON/FAIRFAX NZ Then office manager Mary Sangster, left, and former owner Sheila Sinclair in 2012. CARYS MONTEATH/FAIRFAX NZ The Children’s Bookshop employee Liz McCracken fills shelves after the move to Riccarton in 2011. Relevant offers The Original Children’s Bookshop has gone into liquidation after nearly 37 years of trading in Christchurch. The…
The rising numbers of personal insolvencies have been driven by an increase in individual voluntary arrangements The number of people going insolvent across England and Wales jumped by a fifth in the third quarter of 2016 compared with the same period a year earlier. There were 24,251 personal insolvencies between July and September, marking a…
Family First senator Bob Day has confirmed he will return to the Senate next month to support the government on industrial relations and the same-sex marriage plebiscite, despite announcing his resignation. With his housing construction empire in liquidation, Senator Day faces being expelled from Parliament if he is declared bankrupt, and last week announced he…
Royal Bank of Scotland has conceded it will miss a Brussels-enforced deadline to offload its Williams & Glyn arm, as it slumped to a bigger-than-expected loss for the third quarter. Speaking as the state-backed lender swung to net loss of £469m from a £940m profit a year earlier, boss Ross McEwan that we dont know…
NEW DELHI: The Insolvency and Bankruptcy Board of India (IBBI) is scheduled to hold a meeting around November to discuss and finalise draft rules under the Insolvency and Bankruptcy Code, 2016.These draft rules were notified earlier this month and put out for public comments till 31 October. The Centre has, till now, notified six draft…
“If houses are being completed and trade contractors and others are being paid, then I may stay on as senator”. (AAP) Family First senator Bob Day says he may see out his parliamentary term if an investor can “revive” his housing group, which owes almost $38 million to creditors. But Senator Day also said in…
CHARLIE GATES JOSEPH JOHNSON/FAIRFAX NZ Then office manager Mary Sangster, left, and former owner Sheila Sinclair in 2012. CARYS MONTEATH/FAIRFAX NZ The Children’s Bookshop employee Liz McCracken fills shelves after the move to Riccarton in 2011. Relevant offers The Original Children’s Bookshop has gone into liquidation after nearly 37 years of trading in Christchurch. The…
Family First senator Bob Day has confirmed he will return to the Senate next month to support the government on industrial relations and the same-sex marriage plebiscite, despite announcing his resignation. With his housing construction empire in liquidation, Senator Day faces being expelled from Parliament if he is declared bankrupt, and last week announced he…
Putrajaya wants to enforce automatic discharge after three years and raise threshold for declaring a person bankrupt from RM30,000 to RM50,000. PETALING JAYA: Proposed amendments to the Bankruptcy Act 1967 will see an automatic discharge after three years for anyone declared a bankrupt, TheSun reported today. This is one of the major changes that could…