Member Article R3 responds to the April 2023 insolvency figures Corporate insolvencies decreased by 31.8% in April 2023 to a total of 1,685 compared to Marchs total of 2,471, and decreased by 15.2% compared to April 2022s figure of 1,988. o Corporate insolvencies increased by 82.2% from April 2021s total of 925 and by 18.2%…
LONDON, May 16 (Reuters) – Company insolvencies in England and Wales last month were sharply lower than a year earlier after a big rise in March, although they remained higher than before the COVID-19 pandemic, government data showed on Tuesday. Some 1,685 companies were registered insolvent in April, down 15% from the same month a…
The familiar silks of Marwan Koukash, the flamboyant owner famed for his passionate support of Chester races, will be absent from this weeks May meeting after he was declared bankrupt and removed as a registered owner. Koukash, 69, was once regarded as one of British racings leading forces and won 582 races from 2007 to…
NEW DELHI: Banks and other entities have involved personal bankruptcy provisions in over 1,800 cases against personal guarantors a majority of whom would be ousted promoters of companies which faced action under Insolvency and Bankruptcy Code but realisation of claims has been extremely poor, so far.Claims filed against the personal guarantors topped Rs 1. 5…
FORMER Salford Red Devils owner Marwan Koukash has been declared officially bankrupt. Its a name that the rugby league fraternity know like the backs of their hands with the Palestine-born racehorse owner entering the 13-man code in 2013 before exiting in 2018. Among the way, Koukash rebranded Salford City Reds to Salford Red Devils, splashing…
By Marine Strauss BRUSSELS (Reuters) -The first and only Belgian cryptocurrency lending platform, Bit4You, said it was suspending its activities after CoinLoan, one of its main service providers, was declared insolvent by an Estonian court. CoinLoan, a crypto lending company based in the Baltic state, also no longer has the required registration as a custodian…
A husband’s failure to pay his taxes has cost his partner her home. Photo / 123RF A team of police and debt collectors have booted an Auckland couple from their Mt Albert house so the property can be sold to help pay hundreds of thousands of dollars in unpaid tax. Two police officers and four…
A secretary has secured High Court approval for a personal insolvency arrangement (PIA) which involves some 3.6 million of her total 4.16 million debts being written off for a payment of 3,000. Under the terms of the PIA, Mars Capital Finance Ireland DAC, a secured creditor of Winifred Swaine (59), will be paid its total…
NEW DELHI: Banks and other entities have involved personal bankruptcy provisions in over 1,800 cases against personal guarantors a majority of whom would be ousted promoters of companies which faced action under Insolvency and Bankruptcy Code but realisation of claims has been extremely poor, so far.Claims filed against the personal guarantors topped Rs 1. 5…
Monday 15 May 2023 7:00 am The capitals premier index jumped 0.44 per cent to 7,504.58 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, bumped 0.16 per cent higher to 18,559.53 points (Photo by Dan Kitwood/Getty Images) The Insolvency Service last year launched 36…