The amount UK consumers owe on loans and credit cards grew by £1.9bn in March, the highest figure in 11 years driven by a sharp rise in spending on plastic. Bank of England figures show outstanding borrowing on credit cards increased by £635m over the month, compared with an average increase of £400m over the…
The number of people going into a type of personal insolvency known as “bankruptcy light” increased during the first three months of 2016, official figures show. The Insolvency Service said 6,722 debt relief orders (DROs) were taken out between January and March across England and Wales – marking a 3.4% increase compared with the previous…
Reforms to Australian corporate insolvency law are in the wind. Various pressures periodically emerge that generate calls for reform of the law of directors duties. However, many in the company director fraternity would claim that the century-long creep in raising the liability of directors has extended too far. One argument is that the law erodes…
The Insolvency Service will publish figures showing the number of people going insolvent between January and March. The number of people going into a type of personal insolvency known as “bankruptcy light” is expected to have increased during the first three months of 2016 in official figures released on Friday. The Insolvency Service will publish…
The GSPCs loans for gas exploration increased from zero to nearly Rs.20,000 crore when its own estimates of reserves in the Krishna-Godavari basin kept coming down sharply In 2005, two different business groups forayed into new ventures. One into commercial aviation, the other into gas exploration. Both announced their entry in a grandiose manner one…
THE financial health of Scottish business is improving with corporate insolvencies falling, the latest Scottish insolvency statistics reveal. The upbeat snapshot was revealed from the most recent quarterly figures compiled by Accountant in Bankruptcy (AiB), the body responsible for administering the process of personal bankruptcy and recording corporate insolvencies in Scotland, for the fourth quarter of…
Suggests Insolvency Code should apply on foreign assets of personal guarantor too New Delhi, April 28: In an employee friendly move, a Parliamentary Panel has pitched for faster and enhanced payment of workmen dues and employee wages in the corporate insolvency process. Not only has the Joint Committee on the Insolvency and Bankruptcy Code 2015…
The number of people going into a type of personal insolvency known as “bankruptcy light” is expected to have increased during the first three months of 2016 in official figures released on Friday. The Insolvency Service will publish figures showing the number of people going insolvent between January and March. There are three types of…
Billionaire Sir Philip sold the high street chain for £1 to Retail Acquisitions Man who bought BHS was being chased for debts from failed businesses Dominic Chappell’s finances were still being investigated by the authorities as he was negotiating the deal By Rupert Steiner Chief City Correspondent For The Daily Mail Published: 09:51 EST, 28…
Around 11,000 staff are waiting to hear if they will still have a job if a buyer can be found for the 86-year-old year-old chain after it went into administration on Monday. But several current and former employees have already registered as creditors ahead of the firm’s negotiations to enter a creditors voluntary arrangement (CVA)…