WYLIE & Bisset, Accountants and Business Advisers, has said that profitable businesses that suffered financially during the coronavirus pandemic are now being squeezed by a cost-of-living crisis which has led to a high level of Scottish insolvency activity. The number of insolvency-related activities in Scotland has reached its highest level this year, according to new research…
The Insolvency Service Published 24 May 2023 Crown copyright 2023 This publication is licensed under the terms of the Open Government Licence v3.0 except where otherwise stated. To view this licence, visit nationalarchives.gov.uk/doc/open-government-licence/version/3 or write to the Information Policy Team, The National Archives, Kew, London TW9 4DU, or email: [email protected]. Where we have identified any…
The Insolvency Service Published 24 May 2023 Crown copyright 2023 This publication is licensed under the terms of the Open Government Licence v3.0 except where otherwise stated. To view this licence, visit nationalarchives.gov.uk/doc/open-government-licence/version/3 or write to the Information Policy Team, The National Archives, Kew, London TW9 4DU, or email: [email protected]. Where we have identified any…
Among all the sectors, the real estate sector has the lowest percentage of resolution of insolvency cases, with paltry 4% of the real estate cases getting resolved. The complex nature of the real estate business, which involves developers, bankers and customers among others, make successful resolution of cases extremely difficult. Needless to say, the process…
Money Management can confirm that Advice Intelligence is in financial difficulty and has entered voluntary administration. Advice Intelligence has entered voluntary administration following the decision from their investor, Regal Funds Management (Phil King), opting to withdraw future funding. This decision is founded upon a landscape of high-interest rates, economic uncertainty, and the overall tightness of…
Asias increased borrowing in recent decades has augmented the regions exposure to rising interest rates and heightened market volatility. Borrowing by the regions governments, companies, consumers, and financial firms is well above levels prior to the global financial crisis, as we recently noted. In particular, industries that rapidly increased leverage while interest rates were low…
The Hyderabad bench of the National Company Law Tribunal (NCLT) has approved Dharampal Satyapal Group’s resolution plan for Viceroy Bangalore Hotels. The hospitality company owns the Marriott-managed five-star Renaissance Bengaluru Race Course Hotel, and has around 1,100 crore of unpaid debt. The New Delhi-based acquirer has proposed 300 crore to buy the company in a…
IBC: Guarantor’s Liability Not Always Co-Extensive With Borrower, Says Insolvency Tribunal Law & PolicyIBC: Guarantor’s Liability Not Always The Same As The Borrower, Says Insolvency Tribunal ADVERTISEMENT 24 May 2023, 7:17 PM IST 24 May 2023, 7:17 PM IST 24 May 2023, 7:17 PM IST WhatsApp Twitter Facebook Telegram Read the full article at: https://www.bqprime.com/law-and-policy/ibc-guarantors-liability-not-always-the-same-as-the-borrower-says-insolvency-tribunal
Ian Royle and Louise Longley who have been promoted to partner at Begbies Traynor Louise Longley and Ian Royle have been promoted to the position of partner in the Yorkshire region by leading rescue and recovery specialist Begbies Traynor. Having joined Begbies Traynors Leeds office in 2004 as an insolvency administrator, Louise qualified as an…
The future of a private hospital in the central west of NSW hangs in the balance after it went into voluntary administration. The Orange Private Hospital, which is advertised as “a boutique short-stay private hospital located in the heart of Orange”, employs almost 100 staff including 32 surgeons. Administrator Ernst and Young issued a statement…