By: ENS Economic Bureau | Published:December 22, 2015 1:40 am iquidation of companies is handled by the high courts, individual cases are dealt with under the Presidency Towns Insolvency Act, 1909 and Provincial Insolvency Act, 1920. The government on Monday introduced in Parliament the Insolvency and Bankruptcy Code, 2015 that provides for resolution of insolvency…
TOP football agent John Viola has been declared bankrupt after failing to pay a £225,000 tax bill. Viola who represented Rangers hero Barry Ferguson and Celtic star Scott Allan when he was a youngster at Dundee United ploughed cash into a film investment scheme which was later ruled to be an illegal tax dodge. His…
Telman Ismailov, the founder of the now-liquidated Cherkizovsky market and the owner of AST Group, has been declared bankrupt, according to a document published on the courts website Monday. The bankruptcy petition was filed with the Moscow Region Arbitration Court by Ismailov’s creditor, Boris Zubkov, on Nov. 23, according to the courts records. Earlier…
Telman Ismailov, the founder of the now-liquidated Cherkizovsky market and the owner of AST Group, has been declared bankrupt, according to a document published on the courts website Monday. The bankruptcy petition was filed with the Moscow Region Arbitration Court by Ismailov’s creditor, Boris Zubkov, on Nov. 23, according to the courts records. Earlier…
Reddit Email Print Reprint LONDON ( The Deal) — European markets were mostly in recovery mode on Monday after Friday’s post U.S. interest rate funk but Spain bucked the trend. Investors were concerned the inconclusive result of the weekend’s general election there — with the conservative Parti Popular government of Mariano Rajoy losing its majority…
In the flurry of excitement over the innovation statement earlier this month, proposed changes to insolvency laws scored almost no attention. Yet they will dramatically change the landscape for both large and small companies in financial difficulty. By cherrypicking elements of Chapter 11 laws while avoiding hugely expensive bankruptcy court based resolutions, the Australian rules…
Former South African Airways board member Russell Loubser recently reflected on his decision to step away from the group in a hard hitting interview with Biznews.coms Alec Hogg. In the interview former JSE CEO Loubser said everything thats happened to the state-owned airline was entirely predictable, and in his view the chairperson and directors had…
Google Street View Roofer Robert J Thomas was declared bankrupt following a leaky homes dispute with Wellington City Council in relation to apartment blocks at 93A Kelburn Parade. Wellington City Council has forced a roofer into bankruptcy as the leaky building fiasco continues and it is chasing other tradies. On Tuesday, Robert J Thomas was…
Google Street View Roofer Robert J Thomas was declared bankrupt following a leaky homes dispute with Wellington City Council in relation to apartment blocks at 93A Kelburn Parade. Wellington City Council has forced a roofer into bankruptcy as the leaky building fiasco continues and it is chasing other tradies. On Tuesday, Robert J Thomas was…
The insolvency service has revealed that in excess of 200 people in the UK are being declared bankrupt each and every day as the recession continues to claim more victims. More and more people across the UK are finally come to terms with what is the most severe recession in recent times and although many…