Spliethoff Group has confirmed its purchase of five multipurpose (MPP) heavylift vessels from the fleet of bankrupt operator Hansa Heavy Lift (HHL). The Dutch MPP operator has acquired four 12,750-dwt F-type ships and one 20,100-dwt P-type for an undisclosed price. It is buying the vessels a month after the German company was declared insolvent with…
There were 209 corporate insolvencies recorded for the period 1 October to 31 December, eight more than the same quarter in 2017-18. This number included 129 compulsory liquidations, 80 creditors voluntary liquidations and 122 members voluntary liquidations. No receiverships were recorded in the last quarter. Overall, corporate insolvency numbers in Scotland for the whole of…
By Press Association Published: 22:54 AEDT, 23 January 2019 | Updated: 02:55 AEDT, 24 January 2019 The number of people facing financial hardship has increased in Scotland, according to official statistics published on Wednesday. A report by the Scottish insolvency service Accountant in Bankruptcy (AiB) indicates the total number of personal insolvenciesrecorded in the third…
The National Company Law Appellate Tribunal (NCLAT) on Wednesday asked the Ahmedabad bench of National Company Law Tribunal (NCLT) to pass appropriate orders in the Essar Steel insolvency case by January 31, failing which the appellate tribunal would take up the matter and pass orders in the case on February 4, when…
The number of people facing financial hardship has increased in Scotland, according to official statistics published on Wednesday. A report by the Scottish insolvency service Accountant in Bankruptcy (AiB) indicates the total number of personal insolvenciesrecorded in the third quarter for 2018-2019 was 3,198. It represents an increase of 18% on the same period for…
The number of people facing financial hardship has increased in Scotland, according to official statistics published on Wednesday. A report by the Scottish insolvency service Accountant in Bankruptcy (AiB) indicates the total number of personal insolvenciesrecorded in the third quarter for 2018-2019 was 3,198. It represents an increase of 18% on the same period for…
The cross-border insolvency framework released for discussions encompasses authorities across jurisdictions pertaining to insolvency proceedings of any single corporate debtor. Currently several multinational companies (MNCs) hold their assets in foreign jurisdictions through subsidiaries which are distinct legal entities. Consequently, the commencement of insolvency proceedings for any single company cannot be extended to all its group…
Stock image Applicants for court-approved debt deals fall Independent.ie There has been a fall in the number of people applying for court-approved debt deals. https://www.independent.ie/business/personal-finance/applicants-for-courtapproved-debt-deals-fall-37739886.html https://www.independent.ie/incoming/article36500289.ece/62727/AUTOCROP/h342/courts.jpg Email There has been a fall in the number of people applying for court-approved debt deals. Around 1,000 people got an approved insolvency deal to keep them in their…
Galway Bay fm newsroom 209 insolvency arrangements were recorded in Galway from 2014 to 2018.Personal insolvency arrangements are designed to return debtors to solvency while keeping them in their home where possible.The data from the Insolvency Service of Ireland also reveals Galway recorded 126 bankruptcies during the period.The report finds personal…
Railrunner Europe has filed for insolvency in the bankruptcy court of Hamburg in Germany. The company cited multiple reasons for the financial distress and has appointed a preliminary insolvency administrator in the process. During the insolvency proceedings, RailRunner Europe intends to reorganise and restructure the company. Since July 2017, the company managed daily flow between…