MUMBAI: The panel reviewing the Insolvency and Bankruptcy Code (IBC) has proposed that lenders to defaulting companies should be allowed to invoke personal guarantees, which in most cases are those of the promoters, even if the resolution process has been initiated, said people with knowledge of the matter. If accepted, this will be a significant…
By Laura Fox For Mailonline Published: 05:08 AEDT, 17 March 2018 | Updated: 11:44 AEDT, 17 March 2018 e-mail 62 View comments He has reportedly been declared bankrupt after failing to pay a six-figure tax bill. But Coronation Street star Michael Le Vell put his financial woes aside on Friday as he placed a bet or…
16 March 2018 Image copyright Empics Image caption Lee Hughes began his career at Kidderminster Harriers before joining West Bromwich Albion Former West Bromwich Albion and Coventry City striker Lee Hughes has been declared bankrupt. Hughes, 41, joined non-league Halesowen Town last week, after being given his first job in management when he… Read the…
Image copyright Empics Image caption Lee Hughes began his career at Kidderminster Harriers before joining West Bromwich Albion Former West Bromwich Albion and Coventry City striker Lee Hughes has been declared bankrupt. Hughes, 41, joined non-league Halesowen Town last week, after being given his first job in management when he became Worcester City player-manager in…
Counsel for Vedanta and Tata Steel on Thursday argued before the Kolkata bench of the National Company Law Tribunal (NCLT) that their clients were eligible bidders for Electrosteel Steels, currently undergoing insolvency resolution. Renaissance Steel India, also a bidder for Electrosteel, had moved the tribunal, challenging the eligibility of Tata Steel and Vedanta. Tata…
NBU Governor Valeria Gontarevas Report to the Verkhovna Rada, March 15, 2018. Dear members of Parliament At last, after 10 months of awaiting, I have the opportunity to report to the Verkhovna Rada on three years of my work as the Governor of the National Bank of Ukraine. From the very beginning I emphasized that…
09:30 16/03/2018 MOSCOW, March 16 (RAPSI) The Voronezh Region Commercial Court has declared the primary co-owner of Yashma group Igor Mavlyanov bankrupt, the court ruling reads. The court has initiated the procedure of Mavlyanovs property sale for the duration of six months. Earlier, Yury Burlyak, the property manager for Mavlyanov, asked the court to declare…
THIS is a column about two articles, both written by me last week. The first was about unit owners in a building facing large special levies because of defects, where the builder/developers companies were voluntarily wound up. The second was union fines after industrial action. The two articles are unrelated but a few things struck me as I worked on them, which is…
Stock Photo Banks blamed for first fall in applications for debt deals Independent.ie THERE has been a fall in the number of people applying for official debt deals. https://www.independent.ie/business/personal-finance/property-mortgages/banks-blamed-for-first-fall-in-applications-for-debt-deals-36710478.html https://www.independent.ie/incoming/article36303344.ece/16c28/AUTOCROP/h342/stock-finance-bills-thinkstock.JPGfdg Email THERE has been a fall in the number of people applying for official debt deals. The drop is despite Ireland having one of the…
THE latest figures on personal insolvency show numbers are going down in Bundaberg – but there’s still plenty of people lining up for welfare. St Vincent de Paul Society Bundaberg family intervention co-ordinator Patsy Birznieks said people were literally standing in line waiting for help. “We’re open three mornings a week on Mondays, Tuesdays and…