The Insolvency Service Published 14 March 2023 Contents 1. Main Messages for England and Wales 2. Things you need to know about this release 3. Company and Individual Insolvencies in England and Wales 4. Company Insolvencies in Scotland 5. Company and Individual Insolvencies in Northern Ireland 6. Data and Methodology 7. Glossary Print this page…
April 5, 2023 11.56am April 5, 2023 11.56am Normal text sizeLarger text sizeVery large text size China Evergrande, the worlds most indebted property company, has finally convinced a core group of its creditors to support a restructuring of its $US20 billion ($30 billion) of offshore bonds. The nature of the deal, however, will provide little…
Hyderabad: The National Company Law Tribunal (NCLT) at Hyderabad took note of the default by Sukesh Gupta and his company, MBS Impex Pvt Ltd, in repaying loan taken from ICICI. The bank entrusted task of recovery to Rare Asset Reconstruction Ltd. Its counsel Dishit Bhattacharji told TOI that the tribunal admitted its application against Gupta…
That’s one of the predictions in this year’s edition of From Red to Black, Clayton Utz’s annual review of the dynamics of Australia’s Restructuring and Insolvency (R&I) market. After a slow start to the year, a combination of rampant inflation, constrained liquidity, under-pressure management and critically squeezed margins is contributing to an increase in R&I…
A glass door has been smashed at the Commonwealth parliament offices in Brisbane’s city centre during a series of mass union rallies held nationwide. The Brisbane rally was one of seven the Construction, Forestry, Maritime, Mining and Energy Union held across the country on Wednesday morning. The union is calling for industrial relation reform and…
A customer of collapsed building company Porter Davis claims he was encouraged to hurry up a payment, under the guise of a discounted rate, before the builder went into liquidation on Friday. Speaking to A Current Affair, George claims he was contacted last week and was offered a discount if he paid money to Porter…
High Court reporters The High Court has approved Personal Insolvency Arrangements that will allow a retired couple aged in their mid 70s to rent back their Dublin home after it is sold to a housing agency. Under the terms of the PIA Thomas and Catherine Carroll will remain in their home under a social tenancy…
Collapsed homebuilder Porter Daviss directors are being investigated for trading while insolvent as hundreds of customers risk losing their deposits. About 500 people attended a webinar with appointed liquidators Grant Thorntons Said Jahani, Matt Byrnes and Cameron Crichton earlier this week to hear they could lose their deposits if work on their projects had not…