Consultant at national law firm Roythornes Solicitors, Derryn Rolfe, explains how construction clients can prepare for all eventualities as insolvency remains rife across the industry Construction company failures in September 2023 were 40% higher than in September 2022; administrations were 54% up this year on the same period last year, and the industry press has…
The consequences of bankruptcy can be devastating, as the Post Office scandal has laid bare. As dramatised in the ITV hit Mr Bates vs the Post Office, several former Post Office workers were forced to go bankrupt after they struggled to cover the fictional financial losses out of their own pocket or fight in court…
Croydon Council has declared bankruptcy for the third time in two years. Photo by Dan Kitwood/Getty Images. This article was originally published on 19 December. It has been republished following the news that Middlesbrough council needs emergency financial help to avoid bankruptcy. Today Nottingham City Council declared bankruptcy, becoming the latest local authority to issue…
BBC Lee Bottomley BBC News, West Midlands 1 hour ago The leader of a council has insisted it will not be declared effectively bankrupt while she is in charge. Stoke-on-Trent City Council has warned that without 44.7m in government support it faced closing numerous services in order to balance the books. It was “highly unlikely”…
BBC Lee Bottomley BBC News, West Midlands 9 minutes ago The leader of a council has insisted it will not be declared effectively bankrupt while she is in charge. Stoke-on-Trent City Council has warned that without 44.7m in government support it faced closing numerous services in order to balance the books. It was “highly unlikely”…
Alterna Capital Partners has joined the queue of lessors at India’s National Company Law Tribunal (NCLT) seeking to have SpiceJet (SG, Delhi International) declared insolvent. An Alterna special purpose vehicle (SPV) is attempting to enforce a March 2023 UK High Court judgement awarding it more than USD11 million. The matter of Alterna Aircraft V B…
The much-awaited approval from the top Constitutional Court in India was finally here, paving path for financial creditors to relay back on the fast-paced bad debts resolution track laid by the government’s masterstroke law the Insolvency and Bankruptcy Code. The Supreme Court of India in November settled the cloud around the provisions of personal insolvency…
Germanys last remaining major department store chain has filed for insolvency protection, its third filing in less than four years, after its owner ran into difficulties BERLIN — Germany’s last remaining major department store chain filed for insolvency protection on Tuesday, its third filing in less than four years, after its owner ran into difficulties.…
Probe launched into GBG Insurance insolvency | Insurance Business UK We use cookies to improve this site and enable full functionality. You can change your cookie settings at any time using your browser. Our cookie policy … Read the full article at: https://www.insurancebusinessmag.com/uk/news/travel/probe-launched-into-gbg-insurance-insolvency-472129.aspx
Burnley defender Charlie Taylor has been declared bankrupt due to unpaid bills. That is according to Daily Mails report, which reveals that despite earning 30,000 per-week, the left-back was issued bankrupt last year due to some bills that were left unpaid. As per the report, the former Leeds United man has refused to comment. but…