Bankruptcy cases are taking longer to resolve and yielding lower values for lenders, a credit rating agency analysis said on Monday. The average number of days taken to close a case either through a resolution process or liquidation was at its highest at 588 days for financial creditors if one were to look at official…
Monday, April 3, 2023 The Insolvency Practice Schedule (Corporations) (Practice Schedule) was introduced in 2015 via the Insolvency Law Reform Bill 2015. The Practice Schedule was introduced together with the Insolvency Practice Schedule (Bankruptcy) with the intention of providing specific rules to aid in the handling of personal bankruptcies and corporate external administration. The Practice…
Information for customers, creditors and others of DE Clinics UK Limited in provisional liquidation. On 30 March 2023, following an investigation by Company Investigations of the Insolvency Service, a provisional liquidation order was made against DE Clinics UK Limited, which traded as TDE The Dental Experts from 60 Harley St, London. The company is no…
April 3 (Reuters) – Cineworld (CINE.L) has scrapped plans to sell its U.S., UK and Ireland businesses after failing to find a buyer, the cinema chain operator said on Monday, as it proposed a new debt restructuring plan. The world’s second-largest cinema chain operator behind AMC Entertainment (AMC.N) placed the majority of the business under…
Paid advertisement Many people in the UK struggle with credit card debt, with the average credit card debt UK standing at 1,189 per adult. Even with good money management and economic spending, you can easily find yourself in credit card debt from unavoidable issues like job losses, reduced income, illness, or injury. Credit card debt…
Against a backdrop of economic uncertainty and a looming global recession, many senior executives are facing the prospect of leading businesses experiencing financial distress or insolvency. For many senior executives, being involved in a business that has failed will have long-lasting ramifications. Aside from the reputational harm that may be caused to an individuals career,…
In this article CINE-GB CNWGY Follow your favorite stocksCREATE FREE ACCOUNT Cineworld, which operates 9,000 theatres in 10 countries, has warned that a lack of blockbusters is hurting admissions. Geography Photos | Universal Images Group | Getty Images Cineworld has scrapped plans to sell its U.S., UK and Ireland businesses after failing to find a…
TELLY cook Rustie Lee has been declared bankrupt after lawyers spent nearly a decade chasing her over a 75,000 debt. Investigators found she withdrew money from a company she ran with her husband shortly before it went bust in 2013. TV cook Rustie Lee has been declared bankrupt after lawyers spent nearly a decade chasing…
A Chinese health brand declared on Monday that it has terminated its cooperation with brand ambassador Zhang Jike after the table tennis superstar was allegedly involved in a scandal. Nuotelande, a company that mainly sells nutrition products such as protein powder and vitamins, posted a statement on Monday afternoon via its account on Sina Weibo,…
(Yicai Global) April 3 — A number of brands, including Anta Sports Products and FAW Toyota Motor, have distanced themselves from Zhang Jike, deleting photos and information from promotional materials and social media accounts about their cooperation with the reportedly scandal-hit Chinese table tennis star. A search for Zhangs name on Antas official Weibo account came up…