Alan Brown MP The case for the introduction of a Bill to safeguard and release cash retentions in the construction industry was made to MPs at Westminster yesterday. In a Motion debate in the House of Commons, Alan Brown MP said unprotected cash retentions should not exist in the 21st century and described the human loss…
The number of people who have become personally insolvent is expected to have increased in official figures released on Friday. Experts predict there will be around 23,000 to 24,000 cases recorded across England and Wales during the first quarter of 2017 in figures released by the Insolvency Service. Previous figures show there were 22,852 personal…
Related Story: Investigators raid offices of man linked to tax avoidance scheme A building company linked to underworld figure Mick Gatto has been targeted in an online campaign by sub-contractors who say the company has ripped them off after they did work on apartment complexes. Key points: The building company is…
Former property tycoons Michael and John Taggart’s fight against being declared bankrupt centres on the firm that controls £1bn of Nama loans in Northern Ireland, it has emerged. It was revealed in the High Court that the Co Londonderry brothers are challenging Promontoria Eagle’s standing at a meeting where creditors rejected an alternative proposal. Dublin…
Interest-Rates / UK Debt Apr 27, 2017 – 04:41 AM GMT By: Nicholas_Kitonyi The UK lending market has benefited from the reduced lending rates after the interest rate was reduced to an historical low. The UK base interest rate was cut in half in August last year to 0.25% in a bid to stimulate economic…
Bankrupt former rich-lister “Diamond” Joe Gutnick has faced a court grilling over loans to a New York fraudster and Brooklyn-based community organisation. In a fiery examination at the Federal Court on Thursday, Mr Gutnick was challenged over the validity of two major debts declared in his bankrupt estate, including a $33 million debt to Nochum…
My mother recently received a bill from a medical collection agency for lab work performed at a hospital 200 miles from her home that she has never visited. In the end after several phone calls and a lengthy complaint letter the debt was identified as a free, at-home, mail-in screening she had been provided by…
Guidebooks for managers the world over dispense oodles of tips on how to run a slick and efficient machine foremost among them is the old adage “if you can’t measure it, you can’t manage it”. As he grapples with Government debt, Scott Morrison is re-writing the rulebook. He can measure debt, down to the…
Wednesday, April 26, 2017 08.34PM / Anthony I Idigbe, Punuka Attorneys & Solicitors, November 15 2013 World Bank reports on the observance of standards and codes principles and guidelines for effective insolvency and creditor rights systems, published in October 2007, identified the following weaknesses in Nigerian insolvency law: · a lack of efficient means by…
Brisbane based Vanessa Garrard founded E3 Style in 2006, she called in the administrators in 2016, now the former CEO, who is currently in a major legal battle with Brisbane based distributor The Crest Company, is trying to kick start a new business called SourceHub. She claims that this Company was formed because of the…