Supplied A screenshot from Makouri Scott’s website A Kiwi artist who booked a space flight, later spent almost the entire US$100,000 (NZ$162,000) refunded ticket despite bankruptcy proceedings against him. The facts of this case are, to my mind, unique, associate judge Owen Paulsen said, about the recent case before the High Court of Dunedin. He…
Ian Royle and Louise Longley who have been promoted to partner at Begbies Traynor Louise Longley and Ian Royle have been promoted to the position of partner in the Yorkshire region by leading rescue and recovery specialist Begbies Traynor. Having joined Begbies Traynors Leeds office in 2004 as an insolvency administrator, Louise qualified as an…
IBC: Guarantor’s Liability Not Always Co-Extensive With Borrower, Says Insolvency Tribunal Law & PolicyIBC: Guarantor’s Liability Not Always The Same As The Borrower, Says Insolvency Tribunal ADVERTISEMENT 24 May 2023, 7:17 PM IST 24 May 2023, 7:17 PM IST 24 May 2023, 7:17 PM IST WhatsApp Twitter Facebook Telegram Read the full article at: https://www.bqprime.com/law-and-policy/ibc-guarantors-liability-not-always-the-same-as-the-borrower-says-insolvency-tribunal
Were keen to hear from people who have entered into a form of personal insolvency called an individual voluntary arrangement (IVA). These legally binding agreements with creditors let a person pay an agreed monthly amount over a period of usually five or six years. At the end, as long as the agreement hasnt been broken,…
Solar-powered LED lights are helping young people in Africa to continue their studies after sunset, when mains-powered electricity isnt available.Credit: Waldo Swiegers/Bloomberg/Getty Theres one data point in the World Banks latest Africas Pulse report, published last month, that is impossible to ignore: 43% of the continents people still do not have electricity (see go.nature.com/3oploj). That…
Azalina Othman Said said more men are bankrupt than women. PETALING JAYA: Law and institutional reform minister Azalina Othman Said has refuted claims that youths aged under 25 make up the majority of bankruptcy cases in Malaysia. Winding up the debate on the amendments to the Insolvency Act today, Azalina said the highest number of…
Black Lives Matter is headed for INSOLVENCY after plunging $8.5M into the red – but founder Patrisse Cullors’ brother was still paid $1.6M for ‘security services’ in 2022, while sister of board member earned $1.1M for ‘consulting’ Black Lives Matter Global Network Foundation, a non-profit that grew out of the protest movement, is haemorrhaging cash, financial records…
KUALA LUMPUR: Amendments to the Insolvency Act have been unanimously passed via a voice vote by the Dewan Rakyat on Wednesday (May 24). With the Bill passed, the government is expected to provide more effective administration of bankrupts’ estates in Malaysia and to speedier process to discharge bankruptcy statuses. Minister in the Prime Minister’s Department…
May 24 (SeeNews) – Serbia sold a tractor repair centre of insolvent Industrija Masina i Traktora (IMT) for 64 million dinars ($588,000/545,000 euro) to local company Prvi Maj Cacak, the bankruptcy supervision agency said. in the transaction, Prvi Maj acquired a warehouse, a service hall, a department for overhauling tractor engines and a power transformer…
KUALA LUMPUR, May 24 Former prime minister Tan Sri Muhyiddin Yassin has urged the government to use a more flexible mechanism to discharge individuals who have been declared bankrupt. He said individuals who have been declared bankrupt are actually serving a punishment and if they have shown good behaviour their clearance should be expedited. A…