Thousand of drivers were informed by text that they had no insurance after the company that covered them went bust. Alpha – which ran UK brands Cover My Cab and Protector – was declared insolvent in Denmark, meaning people’s cover ended on May 8. The company insured 700 taxi drivers and 10,000 private hire vehicles…
What CBLs interim liquidation means for solicitors? 9 May 2018
CONVICTED paedophile David Glass has dodged paying £393,000 in compensation to his victim by declaring himself bankrupt while behind bars. The 59-year-old businessman was jailed for five years in January for sexually assaulting young boys at his caravan in the East Neuk, Fife. Alan Richardson David Glass has declared himself bankrupt, avoiding having to pay…
Cover ended on 8 May 2018. Danish-based unrated Alpha Insurance has been declared bankrupt after a filing by the liquidators. The Danish Financial Supervisory Authority has urged all policyholders to seek new policies as all existing cover has been terminated. Claims already filed may be met by the Danish Guarantee Fund in certain categories and…
The victim of a convicted paedophile has spoken out about a legal loophole through which he could lose almost £400,000 in compensation after his abuser made himself bankrupt. David Glass, 59, was jailed for five years in January for sexually assaulting three boys after befriending their parents and winning their trust. A court ordered Glass,…
The big question in the media world today is whether MoviePass parent company Helios and Matheson can stanch the bleeding of its cash flows before it becomes insolvent. In a new filing today with the SEC, Helios informed investors that it had $15.5 million in available cash, with another $27.9 million in accounts receivable from…
A Conway man, arrested three times in one week on the Conway Golf Clubs property, has filed a motion asking that his attorney be allowed to intervene on his behalf in the legal proceedings surrounding the possible sale of the property. Christopher Ross, 53, says in his motion that he cant properly represent himself because…
An electrical short circuit was apparently responsible for sending a public bus up in flames on Tuesday in Rome. Initially people thought it was a terrorist attack. Residents and tourists watched the bus turn into a blazing inferno in the heart of Rome’s historic center. No one was seriously injured. The incident happened shortly after…
Meet Mentiis, a friendly chatbot who really wants to help you get a mortgage but just can’t close the deal. Automated chatbots are increasingly common in online commerce, but in the mortgage industry, you’re almost certain to be speaking to a human sales rep even in an online chat. Bot technology is still fairly rudimentary,…
The new financial year will mark sweeping reforms to insolvency rules, with a legal firm warning the impacts on new business contracts will be far-reaching. Last September, Financial Services Minister Kelly ODwyer flagged a softening of insolvency rules in a bid to reduce the number of businesses voluntarily entering or being pushed into insolvency prematurely.…