Sievi Capital PlcPress Release 4 April 2023 at 11:00 am EEST New owner to continue the rescue lift business of Sievi Capital’s target company Nordic Rescue Group Nordic Rescue Group’s (NRG) subsidiary Vema Lift Oy was declared bankrupt in December 2022, and its business has been sold to a new owner, which will continue the…
Days after the collapse of Silicon Valley Bank, the financial group’s UK arm is set to be declared insolvent. The Bank of England said that eligible depositors would be paid by the UKs deposit-insurance fund. According to an official statement, the UK’s finance minister has spoken to the governor of the Bank of England about…
LawFlash March 14, 2023 US governmental authorities, including the US Department of the Treasury, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation, took actions to provide both insured and uninsured depositors of Silicon Valley Bank (SVB) (as well as Signature Bank) access to their deposits beginning Monday, March…
Mar 31, 2023 5.00am Investors who tipped in $11.4 million earmarked for residential property projects are being left largely empty-handed after property developer Greg Shaw was declared bankrupt on Thursday. More than 130 investors tipped $14.1 million into projects across NSW, Queensland and Victoria after a marketing blitz run by self-styled property mogul Sasha Hopkins…
A Personal Insolvency Arrangement has been approved by the High Court which allows a former Fianna Fil councillor and General Election candidate to write off over 4.4 million in debt. The PIA was approved in respect of Thomas ‘Eddie’ Mulligan, who will contribute a sum of just over 9,000 to his creditors, which are mostly…
Monday, April 3, 2023 The Insolvency Practice Schedule (Corporations) (Practice Schedule) was introduced in 2015 via the Insolvency Law Reform Bill 2015. The Practice Schedule was introduced together with the Insolvency Practice Schedule (Bankruptcy) with the intention of providing specific rules to aid in the handling of personal bankruptcies and corporate external administration. The Practice…
Information for customers, creditors and others of DE Clinics UK Limited in provisional liquidation. On 30 March 2023, following an investigation by Company Investigations of the Insolvency Service, a provisional liquidation order was made against DE Clinics UK Limited, which traded as TDE The Dental Experts from 60 Harley St, London. The company is no…
Against a backdrop of economic uncertainty and a looming global recession, many senior executives are facing the prospect of leading businesses experiencing financial distress or insolvency. For many senior executives, being involved in a business that has failed will have long-lasting ramifications. Aside from the reputational harm that may be caused to an individuals career,…
TELLY cook Rustie Lee has been declared bankrupt after lawyers spent nearly a decade chasing her over a 75,000 debt. Investigators found she withdrew money from a company she ran with her husband shortly before it went bust in 2013. TV cook Rustie Lee has been declared bankrupt after lawyers spent nearly a decade chasing…
Former Wales captain Craig Bellamy has issued a warning to footballers not to make the same mistake he did after being declared bankrupt. The 78-time Wales international played 54 times for Liverpool over two spells, winning the League Cup and Community Shield during his time at Anfield. During his career, he enjoyed noted spells at…