Overseas assistance Representation of the Viscount Comment As a jurisdiction, Jersey is at the heart of cross-border insolvency and restructuring. Inevitably, situations arise where insolvent companies’ assets or important evidence are located overseas, or an overseas liquidation regime would be best for creditors. Conversely, there will be situations where a foreign insolvency process requires…
Dubbo has the equal second highest number of personal bankruptcies in NSW and the equal eighth highest in Australia. The Personal Bankruptcy Analysis by data analyst company Illion shows the number of bankruptcies in Dubbo are the second highest in the state, equal ranked with Orange. It found 77 people in Orange were declared bankrupt in the…
Provogue has its own garment manufacturing facilities in Daman and in Baddi, Himachal Pradesh. Photo: Mint Mumbai: The Mumbai bench of the National Company Law Tribunal admitted Provogue (India) Ltd for insolvency resolution on Thursday, making it the fourth company from the textile and garment sector to attempt loan resolution in bankruptcy courts. Reid &…
Its perhaps a meaningless milestone, but humans love big, round numbers. And when Apples share price hit $207.05 today, it became the first U.S. public company to reach a $1 trillion market capitalization. Not bad for a company that was on the verge of insolvency when its late founder Steve Jobs came back to rescue…
Scroll back a few months, to October last year. Monarch, one of the UKs biggest holiday airlines, went bust. For a few days there was chaos: 110,000 people were stranded abroad; hundreds of thousands more, who had booked and paid for future departures, were left without tickets. The CAA, to its credit, and at a…
After making a decision on whether bankruptcy is the right option, there are forms and fees to submit. It costs a total of £680 to apply to go bankrupt, and this is non-refundable unless the application is cancelled before being submitted. Citizens Advice suggest withdrawing money for living costs before submitting the final application. Once…
Around 13% of companies in Wales may have suffered a financial hit following the insolvency of a customer, supplier or debtor in the last six months, according to new indicative research from the Welsh branch of R3, the insolvency and restructuring trade body. The Welsh figure is lower than the proportion of UK companies reporting…
Related Posts Kevin Cash struck gold during his 20s, managing to build an estimated £500 million (around R8,7 billion) fortune. He was less lucky in the marriage department, but they say the fourth times the charm. His most recent marriage is to South African model Carla La Reservee, with the pair having tied the knot back in…
At Leeds Crown Court [Tuesday 31 July] former company director Jonathan France was sentenced to 10 years, as well as being disqualified as a company director for 12 years. Also at court were his accomplices Jody Firth and Graham Myles Schofield having assisted Jonathan France carry out his dishonest activities. Jody Firth was sentenced for…
Orange has the equal second highest number of personal bankruptcies in NSW and the equal eighth highest in Australia. It found 77 people in Orange were declared bankrupt in the 2018 financial year, the highest in three years. The number equalled Dubbo and was only behind Port Macquarie (82) for the highest in NSW. The West…