A Co Roscommon man has had 1.1m debts written off for 857 under a personal insolvency arrangement approved by the High Court. Fergal Shine will be left with his family home at Waterville, Bealnamulla, Athlone, Co Roscommon currently valued at some 245,000 with an outstanding mortgage balance of some 362,000. Judgment mortgages obtained by some…
DetailsCredit: Adobe Derek Webb, Founder | Campaign for Fairer Gambling Founder of the Campaign for Fairer Gambling, Derek Webb, makes the case for urgent betting reform in British horseracing. My initial Campaign for Fairer Gambling (CFG) focused on British Fixed Odds Betting Terminals (FOBTs), the most addictive form of land-based gambling, introduced illegally by bookmakers,…
DetailsPopular US shoe brand Rockport, known for its comfy casual and dress shoes inspired by running shoes, has filed for bankruptcy. Rockport shoes are sold through a number of Australian retailers including The Athletes Foot, Mathers and the department store David Jones. The US-based footwear company will undergoes voluntary restructuring under Chapter 11 bankruptcy. The…
DetailsThis video can not be played To play this video you need to enable JavaScript in your browser. Some debt management companies are receiving payments for passing clients on to insolvency practitioners, a BBC Disclosure investigation has found. It also found some companies were making money from entering people into the wrong debt solutions and…
DetailsUpdated Jun 19, 2023 7.42am, first published at Jun 18, 2023 7.00pm Key Points A deal would ramp up the restructuring taking place at the big end of Australias electricity and gas sector; Origin is the subject of an $18.4b takeover bid from North American suitors led by Brookfield; AGL is regrouping after a failed…
DetailsRockport Group has filed for bankruptcy under Chapter 11 in the District of Delaware. Rockport is sold through a number of Australian retailers including The Athlete’s Foot and Mathers. The US-based footwear company has confirmed it will operate business as usual as it undergoes voluntary restructuring. As part of the case, Rockport also intends to file…
DetailsMr Mookhey will announce in an economic statement to parliament tomorrow that the current method of reporting the NGF Debt Retirement Funds (DRF) impact on the Budget result will be revised to improve transparency. The Treasurer will also reveal that he is seeking advice on the funds further operations ahead of the September Budget. Mr…
DetailsA Melbourne-based pool construction company has gone into liquidation, leaving dozens of people with unfinished swimming pools across Victoria. A caller first revealed to 3AW radio that Pools R Us had collapsed, leaving him with a giant hole in his ground at his property. The business phone line has been disconnected, leaving customers stranded as…
DetailsBy David Milliken LONDON (Reuters) -Company insolvencies in England and Wales last month jumped 40% year on year to the highest level since monthly records began in January 2019, government data showed on Friday. In May, 2,552 companies were declared insolvent, overwhelmingly through creditors’ voluntary liquidations, in which a company’s directors agree to wind up…
DetailsThe Insolvency Service Published 16 June 2023 Contents 1. Main Messages for England and Wales 2. Things you need to know about this release 3. Company and Individual Insolvencies in England and Wales 4. Company Insolvencies in Scotland 5. Company and Individual Insolvencies in Northern Ireland 6. Data and Methodology 7. Glossary Print this page…
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