The Supreme Court has granted leave to retired solicitor Brian ODonnell and his wife Dr Mary Patricia ODonnell to appeal the award of costs which was made against them in the High Court and the Court of Appeal, to be paid outside their bankruptcy estates. Chief Justice Denham, Justice Dunne, and Justice OMalley stated that…
The High Court has heard that Mick Wallace is trying to save his family home as part of proceedings to have him declared a bankrupt. Lawyers for the Independent TD have also revealed that he is looking at possible alternatives to bankruptcy. Promontoria Limited is an Irish subsidiary of Cerberus – which came to public…
Govan Law Centre details its findings of failings in Scotlands personal insolvency market.Many consumers in Scotland enter into personal insolvency solutions believing that they will resolve their financial difficulties and secure much needed light at the end of a dark tunnel of unmanageable debt. The aim is to take back control, repay debts as best…
The Independents4Change TD has hired a personal insolvency practitioner to write to AIB to see if the family home can be retained. He is also in the process of drafting a statement of affairs, which will be given to the court later this month. The heavily indebted Wexford politician is expected to fight efforts by…
By Casey Baseel, RocketNews24 Entertainment Dec. 05, 2016 – 03:16PM JST ( ) TOKYO Happy endings seem to be tough to come by for famed anime (and Shin Godzilla) director Hideaki Anno. Best-known for creating the highly influential Evangelion, something he did largely by drawing from his own battle with depression, in recent years Anno…
IMPORTANT changes to insolvency legislation have come into effect in Northern Ireland, in which the monetary threshold required to seek a bankruptcy order has soared from just £750 to a new level of £5,000. That threshold hasn’t been raised since 1989, and the hefty increase is likely to have an impact on the strategy of…
View Comments With effect from 1 December 2016 Neschen Coating GmbH is now a subsidiary of Blue Cap AG. Blue Cap AG, a listed company with its registered office in Munich specialises in the further development of medium-sized technology-driven companies whilst preserving their corporate identity. The new company has taken over the complete Bueckeburg staff…
December 4th, 2016 Splash 24/7 Asia, Regulatory 0 comments Lauren Tang from law firm Stephenson Harwood (Singapore) Alliance takes a look at the The Companies (Amendment) Bill 2017 and how it will change insolvency in Singapore. The insolvency scene in Singapore look set to change with the likely enactment of the Companies (Amendment) Bill 2017 (the…
New York-based Anchorage Capital Group has acquired a slice of debt in collapsed law firm Slater & Gordon, as first reported by Street Talk on Sunday. The news comes after this column revealed on November 7 that Citigroup had offloaded its Slater’s exposure at just 38¢ in the dollar to an unnamed syndicate. It has since emerged Anchorage was one of…
SCOTLAND must clamp down on its insolvency industry amid concerns of “potential mis-selling”, a new report warns. More than a thousand debt-ridden Scots went bust last year – many losing their homes – despite entering in to legally binding deals arranged by under-regulated firms, according to the Govan Law Centre. The Glasgow-based not-for-profit in an…