Image copyright PA Image caption Three men were jailed at Leeds Crown Court for their parts in the deception A fraudster who ignored laws banning him from being a company director siphoned more than £6m from his business to fund a lavish lifestyle. Jonathan France’s deception enabled him to buy three Aston Martins, two Ferraris,…
Overseas assistance Representation of the Viscount Comment As a jurisdiction, Jersey is at the heart of cross-border insolvency and restructuring. Inevitably, situations arise where insolvent companies’ assets or important evidence are located overseas, or an overseas liquidation regime would be best for creditors. Conversely, there will be situations where a foreign insolvency process requires…
The South Dakota Public Utilities Commission has delayed further action in the H&I Grain bankruptcy case. The grain dealer, located in Hetland, was declared insolvent and had its dealers license revoked last year.Commissioner Chris Nelson says they are debating if they should take a more active role.. Nelson says the receivership would in theory allow…
We ARE contacted by someone in debt every 51 seconds, so we know the harm it is causing households [Personal insolvencies rise to highest level in six years, July 27]. We are not surprised that more people are seeking insolvency to help with their debt problems. But this is still just a small part of…