Mick Wallace has been declared bankrupt in the High Court. The Wexford TD was found to be unable to pay back multi-million euro loans following an application by the US fund Cerberus. Todays decision comes on the back of an application by Promontoria Limited, a subsidiary of US fund Cerberus, in relation to a 2m…
The operator of a string of Noodle Box restaurants has been charged with fraud after an investigation by the corporate regulator into the illegal practice of phoenix activity. Amy Timko, who formerly ran several Noodle Box franchises in northern Tasmania, appeared in court in Hobart on Friday on charges of fraudulent conduct under the Corporations Act. AmyTimko’s…
Mick Wallace has been declared bankrupt in the High Court. The Wexford TD was found to be unable to pay back multi-million euro loans following an application by the US fund Cerberus. Todays decision comes on the back of an application by Promontoria Limited, a subsidiary of US fund Cerberus, in relation to a 2m…
By JOSEPH OPENDAMore by this Author Nakuru County Kanu officials have appealed to President Uhuru Kenyatta to intervene and help prevent the sale of their party offices over a Sh212 million debt. Kanu county chairman John Muthee called on the President to waive the debt, which is owed to Kenya Power. In November 2016, a…
Mick Wallace TD Picture: Tom Burke TD Mick Wallace has been adjudicated bankrupt with debts of 30m in the High Court. The Independents4Change TD ended his fight to avoid bankruptcy after a major debtor would not facilitate him in coming to a personal insolvency arrangement. The heavily indebted Wexford politician was forced into bankruptcy by…
Romanias Government approved in the Thursday meeting the decision to postpone by six months the entry into force of the law on personal insolvency, until August 1, next year. The law had to come into force at the beginning of 2017. The Government postponed implementing the law because it requires a complex system, namely setting…
Independent TD Mick Wallace has been adjudicated bankrupt at the High Court on foot of a 2 million judgment. Mr Wallaces total debts exceed 30 million, a court in Dublin has heard Ms Justice Caroline Costello today granted the bankruptcy petition by Promontoria (Aran) Ltd fund arising from a 2m judgment obtained after the fund…
Dec 19 Ukraine declared the country’s largest lender PrivatBank insolvent on Monday and said bringing it under state ownership was the only way to protect the money of 20 million Ukrainian clients and stave off threats to the financial system. The central bank said in a statement that PrivatBank had not fulfilled its recapitalisation programme…
Ukraine declared the country’s largest lender PrivatBank insolvent on Monday and said bringing it under state ownership was the only way to protect the money of 20 million Ukrainian clients and stave off threats to the financial system. The central bank said in a statement that PrivatBank had not fulfilled its recapitalization program and 97…
Monday, December 19, 2016 The government decided on Thursday to move back to August 1, 2017 the coming into force of Law No. 151/2015 on personal insolvency proceedings, informs a government release . “The postponement by yet another seven months of the coming into force of this law was decided as the enforcement of the…