An Aruban court has officially declared Tiara Air (3P, Aruba) bankrupt following a motion filed earlier this month by several disgruntled employees claiming unpaid back wages. According to local news outlet Noticiacla, the ruling was issued on Monday, November 28. In it, the judge agreed with the applicants that given continuing uncertainty surrounding the airline’s…
FOUR years ago, Sunshine Coast developer Scott Juniper raced after the family Range Rover as it was being repossessed to get his daughter’s baby seat out of the back. Only weeks earlier, he had obtained the paperwork to register for active bankruptcy with debts totalling $72 million. He handed in the paperwork on his 40th…
New Delhi, Nov 30: With insolvency professional agencies getting registered, the Insolvency and Bankruptcy Code will become operational from tomorrow. The Code will help quicker resolution of cases and unlock the value of assets, Mamta Binani, President, ICSI, the apex body of company secretaries, told reporters here today. The entire Insolvency and Bankruptcy Code will…
FOUR years ago, Sunshine Coast developer Scott Juniper raced after the family Range Rover as it was being repossessed to get his daughter’s baby seat out of the back. Only weeks earlier, he had obtained the paperwork to register for active bankruptcy with debts totalling $72 million. He handed in the paperwork on his 40th…
18:43 01 December 2016 The Insolvency Service said the company had not paid taxes in five years (c) Stockbyte The county court has banned a 59-year-old Bury St Edmunds builder from directing a company after he dodged taxes and failed to keep accounting records. … Read the full article at: http://www.eadt.co.uk/news/stephen_martin_from_bury_st_edmunds_banned_from_being_a_company_director_for_eight_years_1_4801646
Sometime in 2015, the Supreme Court ruled that a secured creditor must obtain the approval of the insolvency court before he can foreclose a mortgage. Briefly, sometime in 1997, Spouses Rommel Naguiat and Celestina Naguiat and S.F. Naguiat Enterprises, Inc. executed several real estate mortgages in favor of the Metropolitan Bank and Trust Company (Metrobank)…
Sometime in 2015, the Supreme Court ruled that a secured creditor must obtain the approval of the insolvency court before he can foreclose a mortgage. Briefly, sometime in 1997, Spouses Rommel Naguiat and Celestina Naguiat and S.F. Naguiat Enterprises, Inc. executed several real estate mortgages in favor of the Metropolitan Bank and Trust Company (Metrobank)…
Prime Minister John Key opened Callactive House in 2013, with then-Wellington City Council councillor John Morrison, and Callactive chief executive Rick Allan. The directors of a failed Wellington call centre who promised to create 2000 jobs have been declared bankrupt. CallActive was put into liquidation earlier this month, following the collapse of its Australian arm. Its Australian-based…
David Menzies Scottish laws on insolvency have been brought together for the first time in a generation as the new Bankruptcy (Scotland) Act 2016 comes into force today. The Act captures all of the amendments made to the primary legislation governing bankruptcy in Scotland, the Bankruptcy (Scotland) Act 1985, including the wide-ranging reforms introduced in…
NEW DELHI: With insolvency professional agencies getting registered, the Insolvency and Bankruptcy Code will become operational from tomorrow. The Code will help quicker resolution of cases and unlock value of assets, Mamta Binani, President, ICSI, the apex body of company secretaries, told reporters here today. “The entire Insolvency and Bankruptcy Code will be functional from…