Liquidators and auctioneers saw a booming business during the Covid-19 pandemic even as other companies faced financial distress. Many floundering businessesincluding Century 21 Department Stores and Christopher & Banks Inc. to Loves Furniture Inc.were forced to sell off their inventory, equipment and other assets, often in bankruptcy. The large volume of business owners assets that…
SUDBURY — The Northern Ontario School of Medicine has received full accreditation of its MD program. The accredidation review was the first in Canada to be performed via virtual visit due to the COVID-19 pandemic. I congratulate NOSM faculty, staff and students who worked hard to maintain full accreditation of the MD program, said Dr.…
Problem debt can leave you feeling hopeless and alone with nowhere to turn but there are always options available. This weekend, Newstalk is teaming up with the Insolvency Service of Ireland (ISI) to encourage people to take that first step towards freedom from debt. Established in 2013 to support people facing personal insolvency, the ISI…
Many investors, including PE firms, are waiting with bated breath to see how the UK economy, currently dependent on COVID-19-related government support, will respond once that stimulus is withdrawn. An increase in UK company insolvencies is expected, creating opportunities for savvy investors to acquire businesses at bargain prices, while at the same time appearing to…
The Insolvency Service of Ireland has warned the economic impact of Covid-19 may exacerbate the issue of unsustainable debts and create new debt problems for others, especially when the existing emergency financial support measures are cut. The ISI said the personal insolvency framework remained operational and continued to be available to those who needed it…
When the bankruptcy code was brought in five years ago, there was much hope, not only in India but in the entire global business community. No wonder the very next year, Indias ranking in the Ease of Doing Business shot up from 108 to 52. However, after five years, except for a few big-ticket hits,…
SAN JOSE The reopening of a bankrupt downtown San Jose hotel thats been closed since March in the wake of the coronavirus has landed in limbo after a judges ruling. A set of decisions by a U.S. Bankruptcy Court judge enables the start of an arbitration proceeding to resolve a dispute between the bankrupt Fairmont…
Member Article Leading professional services firm Begbies Traynor has appointed personal insolvency specialist David Tannock as a manager based at its Glasgow office. With more than 18 years experience in the insolvency sector, David joins from an accountancy and business advisory services firm in Glasgow where he spent almost four years as an insolvency manager,…
Chelsea boss Roman Abramovich sues Australian arm of HarperCollins over author’s claims he bought the club on the orders of Vladimir Putin Court action concerns book byCatherine Belton and published byHarperCollins Book is Putins People: How the KGB took back Russia and then took the West Most interesting claim is thathe bought the club on…
A bankrupt former multimillionaire died of a heroin overdose in a five-star Dubai hotel after struggling with a drug addiction for years. The businessman, 42, was also jailed in 2019 for crashing his 140k Porsche into a tree while high on cocaine in Worthing, West Sussex. Martin Skinners addiction to the Class A drug and…