Category Archives: Bankruptcy

Jaypee Infra insolvency: Consortium lenders, except ICICI Bank, assign their debt to NARCL – Economic Times

Debt-ridden Jaypee Infratech, which is facing insolvency proceedings, on Tuesday said that all the consortium lenders — excluding ICICI Bank — have assigned their debt to National Asset Reconstruction Company Ltd (NARCL). Jaypee Infratech Ltd (JIL) is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the provisions of the Insolvency & Bankruptcy Code (IBC) following…

Warning that thousands of firms face collapse – BBC

Image source, Getty Images By Simon Jack Business editor There are growing fears that 2023 could see a wave of company collapses as the cost of living crisis continues. The number of firms on the brink of going bust jumped by more than a third at the end of last year, said insolvency firm Begbies…

ASIC-banned spruiker may have traded while insolvent: liquidator – The Australian Financial Review

But the liquidators said further investigation would be required to see whether an insolvent trading claim existed and they had insufficient funding to proceed further. Regardless, the cost of running an insolvent trading case would exceed the actual claim made by the ATO as the sole creditor, the liquidator report said. The report noted, however,…

High Court rules legal fees can be included as part of Personal … – EchoLive.ie

High Court reporters The High Court has dismissed an appeal against the inclusion of 77,000 legal fees awarded against a couple whose Rottweiler dogs attacked and severely injured a woman, as part of a proposed Personal Insolvency Arrangement (PIA). The appeal on the issue of the inclusion of costs in a PIA came before Mr…

Legal fees for Rottweiler attack case can be included in couple’s … – The Irish Times

Legal fees a couple owe following a court case over injuries caused by their Rottweilers willbe included among their debts in a personal insolvency arrangement (PIA). Mr Justice Alexander Owens on Monday dismissed an appeal from the injured woman against inclusion of the 77,000 legal fees in the PIA. It relates to a debt arising…

Court allows separated couple write off 2.8m of debts – RTE.ie

The High Court has approved Personal Insolvency Arrangements allowing a separated couple to write off over 2.8m of debts owed. Mr Justice Alexander Owens on Monday approved PIAs for Bernadette Canning of Monknewtown, Slane, Co Meath and Graham Canning of Ledwidge Hall, Slane Co Meath. The court heard that couple got into financial difficulties after…

Sharp rise in corporate insolvencies – The Actuary

The number of corporate insolvencies in England and Wales last month was 76% higher than before the pandemic. Figures released by the Insolvency Service reveal there were 1,964 company insolvencies in December 32% higher than the previous year and 76% higher than the 1,119 registered in December 2019. Christina Fitzgerald, president of insolvency and restructuring…

1XBet Reportedly Bankrupt According to European Court – Casino.Org News

Posted on: January 23, 2023, 12:05h. Last updated on: January 23, 2023, 12:44h. Erik Gibbs Read More Online sports betting platform 1xBet has a long and checkered history that includes allegations of direct ties to Russia, all the way up to President Vladimir Putin. This hasnt prevented it from finding high-profile sponsorship deals with sports…

Insolvency arrangement approved for separated couple to write off 2.8m debt – BreakingNews.ie

A personal insolvency arrangement (PIA) has been approved by the High Court which allows a separated couple to write off over 2.8 million of debts owed. Mr Justice Alexander Owens on Monday approved PIAs for Bernadette Canning, of Monknewtown, Slane, Co Meath, and Graham Canning, of Ledwidge Hall, Slane, Co Meath. The court heard that…

High Court rules legal fees can be included as part of Personal Insolvency Arrangements – BreakingNews.ie

The High Court has dismissed an appeal against the inclusion of 77,000 legal fees awarded against a couple whose Rottweiler dogs attacked and severely injured a woman, as part of a proposed Personal Insolvency Arrangement (PIA). The appeal on the issue of the inclusion of costs in a PIA came before Mr Justice Alexander Owens…