The number of bankruptcies in Ireland increased last year, according to the Insolvency Service of Ireland (ISI)s latest annual report. According to the report, there were 479 bankruptcies in 2015 up seven per cent from 448 in 2014. There was also a massive increase in the number of people who were returned to solvency thanks…
Former Billabong boss Matthew Perrin has accused his ex-wife of fabricating a confession and making him sign it when he was “contemplating suicide”. The former CEO is on trial in Brisbane District Court for fraud and forgery after he allegedly faked signatures on bank documents in 2008. Play Video Don’t Play Market calls: what was…
The news is the latest development in a long-running and increasingly ugly dispute over measures to ease Greeces massive debt burden and the strict fiscal targets the country needs to meet to receive it. Yesterday, the European Stability Mechanism, which finances Greeces third 86bn bailout deal, announced that it would be putting plans for debt…
While the Bank of Canada said Thursday the probability of an economic shock materializing remains low, it noted that such an event could have significant consequences. (AFP/GETTY IMAGES FILE PHOTO) By Andy BlatchfordThe Canadian Press Thu., Dec. 15, 2016 OTTAWAThe Bank of Canada is expecting new mortgage rules to help ease a continued rise in household…
The number of bankruptcies in Ireland increased last year, according to the Insolvency Service of Ireland (ISI)s latest annual report. According to the report, there were 479 bankruptcies in 2015 up seven per cent from 448 in 2014. There was also a massive increase in the number of people who were returned to solvency thanks…
NDP administrators have told unsecured creditors they could expect as little as five cents in the dollar, under a deed of company arrangement (DOCA). NDP CREDITORS: NDP’s unsecured creditors include dairy farmers Alex Robertson, Donna Edge and Fiona Plant. In a letter to unsecured creditors, joint and several administrators Salvatore Algeri and Glen Kanvesky said…
Updated Dec. 15, 2016 10:21 a.m. ET A U.S. bankruptcy judge has approved the chapter 11 plan for the U.S. arm of Spains Abengoa S.A., a key element in the renewable-energy companys multibillion-dollar debt restructuring. Judge Kevin J. Carey of the U.S. Bankruptcy Court in Wilmington, Del., Wednesday signed off on the creditor-repayment plan for…
Trey Hollingsworth × Millionaire Congressman-elect Trey Hollingsworth appeals for help with campaign debts Trey Hollingsworth WASHINGTON, D.C. Trey Hollingsworth, the multimillionaire who won a seat in Congress during the November election, is asking for donations to help repay money he owes to his pollster and political consultants. According to our newsgathering partners at the IndyStar, Hollingsworth…
A Manchester-based company that operated a business rates mitigation scheme for clients has finally been wound-up after it withdrew an appeal to close the business in the public interest. The High Court in Manchester ordered the winding up of PAG Management Services Ltd on 9 October 2015 after it was found to have operated a…
Perth-based architecture firm DAPM Architects is in the hands of liquidators, less than a week after it was spun-out of national group DesignInc, but its managing director says the collapse represents an opportunity for a new beginning. DesignInc announced last week that its Perth outpost would leave the group, with DAPM to be headed up…