The travel industry is braced for thousands of insolvencies as the sector comes under increasing pressure from terrorism fears and rising costs. According to data from insolvency firm Begbies Traynor, 2,679 businesses in the travel industry are currently experiencing significant distress, a 10 per cent increase compared to the previous quarter and a four per…
Photo by LendingMemo.com, via Flickr Continental Breakfast: your daily update on whats happening in Europe. Law firms in the U.K. could soon face a glut of insolvency and restructuring work, with data suggesting that thousands of companies in the travel sector are at risk of going bust. Insolvency consulting firm Begbies Traynor says that 2,679…
The sister of bankrupted former billionaire Nathan Tinkler is facing bankruptcy after being accused of entering into uncommercial transactions and breaching her directors’ duties. Donna Dennis is alleged to have sold off furniture belonging to two Tinkler family companies for a little more than $100,000 despite being notified that the companies were insolvent due to…
The Department of Justice has urged anyone facing up to mortgage difficulties to engage fully with the courts process to ensure a fair hearing following claims thousands of home repossession orders may be open to challenge. Fianna Fáil has called on the government to take urgent action after the Master of the High Court said…
On December 18 during a telephone conversation with Bike Europe MIFA owner and CEO Heinrich von Nathusius denied that there were financial difficulties, as was reported by a local newspaper called Volksstimme. He said, We have paid the final amount of just over 2 million euro last week as part of the finalization of the…
Agencies under ICAI, ICSI see brisk registration in the first month Around 600 senior executives have registered to operate as insolvency professionals (IPs) under the new bankruptcy code, in just a months time. This first set of professionals, who will have to qualify in an online ‘Limited Insolvency Exam’, will…
Government plans to introduce a special court to sensitively handle” mortgage arrears and personal insolvency are facing significant constitutional issues according the Department of Justice. The government legislation programme for autumn 2016 had indicated that the plan would go under ‘Pre-Legislative Scrutiny’ by November 2016. However Fianna Fáil spokesperson on finance, Michael McGrath yesterday said the…
The Department of Justice has urged anyone facing up to mortgage difficulties to engage fully with the courts process to ensure a fair hearing following claims thousands of home repossession orders may be open to challenge. Fianna Fáil has called on the government to take urgent action after the Master of the High Court said…
Fianna Fáil has called on the Tánaiste to take urgent action following claims the Irish Circuit Courts may be incorrectly applying EU law when ordering home repossessions. The Master of the High Court, Edmund Honohan has said that many repossession orders are granted in the Circuit Courts by county registrars who do not have the…
Shares of RSM Tenon Group PLC (LON:TNO) closed at 1.15 yesterday. RSM Tenon Group PLC currently has a total float of shares and on average sees 22,023 shares exchange hands each day. The stock now has a 52-week low of 0.55 and high of 8.3. LSE: Europes Biggest Stock Exchange Europe is undeniably a successful…