Kilburn luxury ‘Park Place’ developer enters administration – Hampstead Highgate Express

Bankruptcy

Thecompanybehind a32m development, intended to help regenerate Kilburn High Street,has gone into administration afteryears ofdelays. It has left buyers,who put hefty deposits intoapartments,in limbo aftertheir move-in dates were repeatedly delayed. Others, who have moved in,sayhave spentmonthsliving on aconstruction site. The Park Placeproject a ten-minute walk from West Hampstead train station wasmeant to house 60 luxury…

Farmers told PIAs could solve their debt crisis – Irish Examiner

Bankruptcy

The Personal Insolvency Act 2012 has been a game-changer for restructuring personal insolvency for farm families, said Gary Digney, accountant and personal insolvency practitioner, during last Thursdays ICMSA webinar on unmanageable debt. The personal insolvency arrangement [PIA] can help farmers to restructure debt and retain the land, said Mr Digney. Three new debt resolution mechanisms…

More than 100 oil and gas companies filed for bankruptcy in 2020, most in five years – Houston Chronicle

Bankruptcy

More than 100 oil and gas companies declared bankruptcy in 2020 after the coronavirus pandemic plunged the energy sector into the worst downturn in a generation. Forty-six exploration and production companies and 61 oil-field service companies filed for Chapter 11 bankruptcy last year, according to Haynes and Boone, a Dallas law firm tracking bankruptcies. The…

SpaceX Repurposing Oil Rigs From Bankrupt Valaris as Floating Launch Pads – Motley Fool

Bankruptcy

As with nearly every other project Elon Musk is involved with, his SpaceX is going a novel route with its rocket launches. Various media outlets reported on Tuesday that the space exploration company plans to launch rockets from a pair of oil rigs recently purchased from Valaris, the once-mighty offshore drilling contractor that declared Chapter…

Small businesses begin registering for new temporary restructuring relief – SmartCompany.com.au

Bankruptcy

CreditorWatch chief executive officer Patrick Coghlan. Source: supplied. Small businesses have begun registering for temporary restructuring relief, under Australias new insolvency regime that began on January 1. Records published by the Australian Securities and Investments Commission show four businesses have so far made declarations that they are eligible for temporary restructuring relief. Among the businesses…

December 2020 corporate and individual insolvency statistics R3 response – Business Up North

Bankruptcy

Eleanor Temple, Yorkshire Chair of R3 Eleanor Temple, chair of insolvency and restructuring trade body R3 in Yorkshire and a barrister at Kings Chambers in Leeds, responds to todays publication of Decembers corporate and personal insolvency statistics for England and Wales: Decembers increase in corporate insolvency numbers has been driven by a rise in administrations…

Wylie & Bisset promotes two within business recovery and insolvency team – Insider.co.uk

Bankruptcy

Scottish accountancy practice Wylie & Bisset has promoted two long-standing members of its business recovery and insolvency department. The promotions see insolvency managers Paul McDougall – with almost 15 years service with the firm – move to associate director, and Chris Wardle – with more than 19 years service – to senior manager with, effect…