Personal insolvencies fell back from a six-year high in the third quarter of this year, official figures show. Across England and Wales, 25,151 personal insolvencies were recorded between July and September – a 10.5% fall compared with the previous quarter when there were 28,108 personal insolvencies – the highest quarterly figure since 2012. Richard Haymes,…
Company insolvencies leapt 19.3 per cent in the third quarter compared to the same quarter last year. Data from the Insolvency Service shows company insolvencies increased 8.9 per cent in the quarter to the end of September compared to the previous quarter. A total of 4,308 companies entered insolvency in the third quarter, with 3,083…
Troubled commodity trader Noble Group, which almost blew up in an accounting and debt scandal before pushing through a dramatic financial restructuring in August, will report another loss in the third quarter. The Singapore-listed commodity house, which was founded by British born trader Richard Elman, is expected to report an overall net loss of $90-$115m,…
The insolvency law committee (ILC) that recently came out with recommendations on cross border insolvency essentially based on the UNCITRAL Model Law has proposed a presumption of default trigger to start insolvency proceedings in India. This, if the insolvency proceedings in the corporate debtors COMI (centre of main interest) has been recognised in India. Under…
Dear Sir / Madam, We would like to inform you that 6th meeting of Committee of Creditors of Sterling Biotech Limited was held on Monday, 29th October 2018 at 12.00 noon IST at Mayfair Banquets, 254-C Dr. Annie Besant Road, Shivaji Nagar, Worli, Mumbai-400 030, Maharashtra, India. You are requested to take the same on…
The Australian Financial Security Authority (AFSA) released regional personal insolvency statistics for the September quarter 2018. The numbers of new debtors decreased in the capital cities in the September quarter 2018 compared to the June quarter 2018. The number of new debtors in the Australian Capital Territory decreased. September quarter 2018 regional personal insolvencies state…
| 5 hours ago The J.M. Smucker Company has concluded a holding company-based review by assigning both creative and media work for many of its best-known U.S. brands to Publicis Groupe. According to multiple sources with knowledge of the matter, the product lines involved include the companys many jams, jellies and peanut butters, as well…
October 30 2018, 12:00am,The Times Manchester Partners 12 | Staff 60 Established in Manchester in 1995, Turner Parkinson is a business-focused law firm with one of the largest insolvency practices in the northwest. It provides a full range of advisory and transactional services contentious and non-contentious to insolvency practitioners, banks, secondary lenders, directors and business…
KOTA KINABALU: Allegations of a bankrupt candidate having two identity cards and his arrest by graft investigators are among two ongoing issues as Sabah PKR goes to the polls this weekend. Sabah PKR chairman Datuk Christina Liew said the matter was being investigated by the Malaysian Anti-Corruption Commission. We will wait for the outcome of…
A Castleton man who brutally stabbed his wife to death has been jailed for life. David Pawluk aged 59 of Alexander Street was sentenced to life in prison, to serve a minimum of 16 years and eight months, at Manchester Crown Court today after pleading guilty to murdering Margaret Howlett. Pawluk met Margaret due to…