The NCLT has approved the resolution plan by Ace Infracity Developers for the debt-ridden 3C Homes. The NCLT bench observed the resolution plan submitted by Ace Infracity Developers has been approved by the Committee of Creditors (CoC) with 100 per cent votes and it can not “interfere with the “commercial wisdom” of the lenders. Earlier,…
DetailsElaine Wilcox By Elaine Wilcox, restructuring and insolvency consultant, Armstrong Watson LLP When a business is forced into insolvency, concerns for the welfare of employees will run alongside the fear for your personal financial position, particularly if you have given personal guarantees in respect of company liabilities, and as a company director, it is often…
DetailsThe widow of a printing industry worker who took his own life after becoming addicted to online gambling has called for a new law to ban free bet offers. An inquest into the death of Luke Ashton began yesterday (14 June) at Leicester Coroners Court. Ashton died on 22 April 2021, aged 40. He was…
DetailsDave Ramsey on “The Ramsey Show.”The Ramsey Show – Highlights/YouTube Redeem now A truck driver called Dave Ramsey’s show to ask for help with his debts. Travis, from Michigan, said he earned some $80,000 a year, but owed $67,000. Ramsey said he had to squeeze every dollar of his paycheck “until Benjamin Franklin is squealing.”…
DetailsJun 15, 2023 4.30pm A $58 million deal to bail out the failed Australian arm of Ellume, a once soaring biotechnology star supplying COVID-19 tests, has fallen over. The financial lifeline had been proposed by a Gold Coast firm with controversial links to testing, but Ellumes administrators said it failed to come up with the…
DetailsDentons has advised financial institutions creditors of the Ezentis Group, among wich are Banco Santander, BBVA and EBN, in the restructuring process recently approved by the Commercial Court of Seville. The transaction has been led by Santiago Hurtado, partner head of restructuring at Dentons Spain, who has led a multidisciplinary team in which counsel Javier…
Details* Growing number of insurers out of business in Florida * Homeowners still waiting on claims from September storm * State-backed insurer of last resort sees spike in policies When Hurricane Ian slammed into his home in Cape Coral, causing about $90,000 in damage, Tom Paulits faced significant rebuilding work – but at least he…
DetailsOffice of the Parliamentary Counsel Updated 12 June 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…
DetailsSome rubbish news: the wonderful DVD and Blu-ray company Network Distributing has reportedly gone into liquidation. Horrible news for physical media collectors the world over: Network DVD has reportedly gone into liquidation. One of the most vital purveyors of niche British television and films, the company released thousands of films, sitcoms and television dramas that…
DetailsThere were indicators building company Porter Davis may have been trading while insolvent, according to the company’s liquidators. However, in a statutory report liquidators Grant Thornton says if such a claim is made the former directors may have a defence. About 1700 homes across Victoria and Queensland were left in limbo when Porter Davis suddenly…
Details