As the Insolvency services tighten their belt and crack down on delinquent directors, it comes as no surprise that there is a sharp increase in the number of director disqualifications for frauds related to the Covid-19 Bounce Back Loans (BBL). The recent figures published by the Insolvency Service show that out of the total 932…
Prior to the bankruptcy, Codema was ‘seriously weakened’ by ‘poor management.’ This is the conclusion drawn by the trustee after completing its investigation into the causes of the bankruptcy. In a new report. Because of the problems that had arisen, work was necessarily taken on under cost price, resulting in high failure costs and mounting…
Atento enters into a restructuring support agreement with certain key financial stakeholders to obtain support for a comprehensive balance sheet restructuring Atento continues to work with additional financial stakeholders to achieve a consensual deal NEW YORK, July 3, 2023 /PRNewswire/ — Atento S.A. (NYSE: ATTO, “Atento” or the “Company”), one of the world’s largest customer relationship management…
As an insolvency practitioner, navigating those tricky, high risk, cases, can often take a toll on your, and your employees, mental health. By definition, your work requires the ability to balance various duties and handle pressure from concerned creditors, anxious or unhelpful directors, and distressed employees. It can be a distressed and distressing environment in…
The owner of an embattled pool company which has left 50 Victorian families drowning in debt claims “keyboard warriors” were partly to blame for the business’ collapse. Douglas Constable sat down with A Current Affair after Dreamtime Pools and Spas was accused of leaving customers high and dry following its insolvency. Constable said before the…
By Delisha Fernandes Today AI lending Credit Card Debt Management Debt management has become a significant concern for individuals and companies in the USA. Whether its credit card debt, or mortgages, managing and reducing debt can be a complex and overwhelming. Fortunately, the emergence of generative artificial intelligence (AI) companies has offered a new wave…
Zee Entertainment and IndusInd Bank on Monday announced that all the due payments have been settled between the two entities, as per media reports. The National Company Law Appellate Tribunal (NCLAT) has disposed of the appeal. The two companies had informed NCLAT that they have reached a settlement in relation to their payment dispute, paving…
Dozens of families are in limbo or out of pocket after a Melbourne-based home-builder collapsed. Bentley Homes slid into liquidation on Friday, catapulting customers and creditors into an anxious wait for news. Crouch Amirbeaggi Insolvency Services liquidator Timothy Holden on Monday revealed the company owed an estimated $1.6 million to trade and related-party creditors. Substantial…
More than 150 workers have lost their jobs and a further 45 employees are at risk after Queensland miner Aurora Metals entered voluntary administration following an unsuccessful public offering and plummeting zinc price. KordaMentha has been appointed to oversee the sale and recapitalisation of the group’s mining and processing assets, which include zinc, copper, lead,…
Dozens of families are in limbo or out of pocket after a Melbourne-based home-builder collapsed. Bentley Homes slid into liquidation on Friday, catapulting customers and creditors into an anxious wait for news. Crouch Amirbeaggi Insolvency Services liquidator Timothy Holden on Monday revealed the company owed an estimated $1.6 million to trade and related-party creditors. Substantial…