Carillion: move to disqualify directors signals UK authorities getting tougher on ‘corporate wrongdoing’ – The Conversation UK

Bankruptcy

It was a dramatic end for government super-contractor Carillion when it crashed into insolvent liquidation in January 2018. Part-completed road projects, unfinished hospital buildings and disruption to hospital cleaning and catering heralded the end of this self-styled integrated support services business. Carillion owed its creditors over 1.5 billion, and when matters came to a head…

New guide to help Yorkshire consumers who are worried about debts – Yorkshire Evening Post

Bankruptcy

Eleanor Temple The document, Dealing with money worries a guide to your options, provides an overview of the potential solutions available to those who are worried about their personal finances. Weve developed this document to provide individuals with all of the information they might need about the various options they can access and to make…

A wave of COVID-19 business failures may not come but 2021 will still be excruciating for some – ABC News

Bankruptcy

Some experts now believe there will no longer be a massive spike in businesses going belly up as COVID-19 drags on in Australia. But for some, 2021 will still bring heartbreak. Key points: Coronavirus protections and stimulus measures for businesses are starting to be wound back Despite this, some experts believe 2021 will not be…

Troubled Russian refinery seeks for bankruptcy of its former head’s gas company – RAPSI

Bankruptcy

11:58 13/01/2021 MOSCOW, January 13 (RAPSI) Troubled Russias Antipinsky refinery has lodged an application seeking to declare New Stream oil and gas company chaired by the former co-owner of the refinery bankrupt, according to court records. In late December, the Supreme Court of Russia has refused to overturn a ruling declaring board chairman of New…

Bankruptcy review targets ‘untrustworthy’ advisers – The Australian Financial Review

Bankruptcy

The discussion paper notes that legislation which would have reduced the default period for bankruptcy from three years to one year the Bankruptcy Amendment (Enterprise Incentives Bill lapsed before the 2019 election over concerns about it being available to those “for whom a concession is not a desirable or justifiable outcome”. The paper says consideration…