The Insolvency Services of Ireland (ISI) has seen visitors to its debtor-focused website double in the first three months of 2023, with industry sources linking much of the spike to borrowers whose loans were sold to overseas investment funds in the wake of the financial crisis and are now facing above-the-odds interest rates. The number…
BAKU, Azerbaijan, May 20. Azerbaijan’s Gunay Bank OJSC, whose license was revoked by the Central Bank of Azerbaijan (CBA) on May 16, has been declared bankrupt, Trend reports. This decision was made by the Baku Commercial Court. According to the decision, the Azerbaijan Deposit Insurance Foundation was appointed as the liquidator of the bank. The…
A view of the stage at the A+E Networks Summer TCA event 2019 at The Beverly Hilton Hotel on July 23, 2019. Picture: Michael Kovac/Getty Images for A+E Networks Vice Media, which once promised annual revenue of $1bn and attracted eight- and nine-digit investments from the likes of Rupert Murdoch and Disney, has declared bankruptcy.…
U.S. Bankruptcy Court Approves Insolvency Plan for Voyager Amidst Failed Asset Acquisition Binance.US Withdrawal and FTX Lawsuit Disrupt Voyager’s Asset Disbursement The U.S. Bankruptcy Court for the Southern District of New York greenlit the insolvency plan of cryptocurrency facilitator, Voyager. The court’s official endorsement, championed by Judge Michael Wiles, became available to the public on…
The pick-up in trading activity is great to see but my excitement is tempered by our data on external administrations, in particular, which are rising across almost every industry, Coghlan said. External administrations slipped in April month-on-month due to seasonality but remained up 13% year-on-year. CreditorWatch noted that in an environment of still-rising costs for…
In a huge blow for the family of the Princess of Wales, the Middletons family business has been sold after it teetered on the brink of bankruptcy. According to Sky News UK, Party Pieces was bought on Thursday by British entrepreneur James Sinclair who owns Teddy Tastic, a mail order stuffed toy company. Kate spent…
Carole and Michael Middleton, parents of Kate, Princess of Wales, have sold their party planning business after fears of becoming insolvent, according to reports. The Middletons, who were guests at the Coronation earlier this month, launched their company Party Pieces Holdings in 1987 but it has now been bought by entrepreneur James Sinclair for an…
Voyager Digital, the crypto lender is now declared Bankrupt. The main reason behind is the failed buyout by Binance U.S. But soon, the customers will recover 35% of their cryptocurrency. Michael Wiles, the U.S. Bankruptcy Judge approved Voyagers liquidation plan during the court hearing in Manhattan. The judge also added that under Chapter 11 Bankruptcy…
The online party goods supplier founded by the Princess of Wales’s parents has been sold after it failed to avoid collapsing into administration. Sky News has learnt that Party Pieces Holdings, which was launched by Carole and Michael Middleton in 1987, was bought on Thursday by James Sinclair, an entrepreneur. Sources said the sale had…
The largest of the collection of failed Metamorph firms has officially been wound up in the court, giving hope to employees of finally recouping unpaid wages. Knowles Benning, which had taken on many of the files and staff from other practices in the Metamorph Group at the end of last year, was shut down by…