Asset Backed Management Limited was wound up on 7 May 2019 by Judge Barton at the High Court in London following an investigation by the Insolvency Service. The Official Receiver has been appointed as liquidator. The court heard that Asset Backed Management, incorporated in January 2017, sold asset investment opportunities to members of the public,…
The U.K. High Court on Wednesday placed British Steel Ltd. into compulsory liquidation after the steel maker failed to obtain last-minute rescue funds from the government. The company, which employs more than 5,000 people, will continue operating while the governments Official Receiverthe liquidatorexplores options for the business, including a potential sale, according to a spokesman…
A Conewango Valley man who helped defraud more than 100 small business owners out of $397,249 through a debt restructuring scheme was sentenced Thursday to time served in prison, which equaled 9 months. Prosecutors wanted U.S. District Judge Lawrence J. Vilardo to send Mark Farnham to prison for 27 months. Farnham, 26, who pleaded guilty…