A Personal Insolvency Arrangement has been approved by the High Court that will allow a 47-year-old Cork man write off over 3.4m in debts for 30,000. On Monday Mr Justice Alexander Owens approved a PIA in respect of John Maloney a project manager with a development company, of Chestnut Haven, Ballyclough, Kilworth in Co. Cork.…
DetailsInsolvency Services Annual Report and Accounts 2021-22 The Insolvency Services Annual Report and Accounts 2021-22 is an important report for the agency, setting out the good progress we made during the last year. Published at the end of October and available on GOV.UK, the report sets out how we have supported our customers and instigated…
DetailsThe UK Insolvency Service today published its final evaluation report on the permanent measures under the Corporate Insolvency and Governance Act 2020 namely, restructuring plans, the stand-alone moratorium and restrictions on contractual termination (ipso facto) clauses. The report based on independent research conducted by the University of Wolverhampton follows an interim report in June (see…
DetailsImage credit: Rusana Krasteva // Shutterstock.com The administrators for The Wild Beer Co. have reportedly laid off its entire workforce, with the UK craft brewer having gone insolvent after failing to secure a buyer. The Somerset brewery, which earlier this month entered administration after falling victim to adverse trading conditions, will now close its doors,…
DetailsA surge of interest from potential buyers could bail out embattled online luxury furniture retailer Brosa after the Melbourne-based company went into voluntary administration last week. Richard Tucker and Michael Korda of KordaMentha have been appointed as voluntary administrators for Brosa, which received more than 30 enquiries to buy out the company. Founded in 2014…
DetailsA Personal Insolvency Arrangement (PIA) has been approved by the High Court that will allow a 47-year-old Cork man write off over 3.4 million in debts for 30,000. On Monday Mr Justice Alexander Owens approved a PIA in respect of John Maloney a project manager with a development company, of Chestnut Haven, Ballyclough, Kilworth in…
DetailsThe High Court has granted former High Court Taxing Master James Flynn a longer period of protection from his creditors to facilitate negotiations to resolve his debts of 3.5 million. Mr Justice Alexander Owens gave Mr Flynns personal insolvency practitioner Eugene McDarby a further 40 days to negotiate a deal with his creditors to agree…
DetailsThe High Court has approved a Personal Insolvency Arrangement (PIA) that will allow a property developer to write-off approximately 25 million of debt mainly owed to financial institutions. Mr Justice Alexander Owens said he was approving the PIA that will allow Tony Diskin (44) to retain his family home in Churchfields, Coosan, Athlone Co Westmeath…
DetailsA Personal Insolvency Arrangement has been approved by the High Court that will allow a 47-year-old Cork man write off over 3.4m in debts for 30,000. On Monday, Mr Justice Alexander Owens approved a PIA in respect of John Maloney a project manager with a development company, of Chestnut Haven, Ballyclough, Kilworth in Co. Cork.…
DetailsA bankruptcy court has admitted the listed MT Educare, formerly known as Mahesh Tutorials, into the corporate insolvency resolution process (CIRP) and appointed Ashwin Bhavanji Shah as the interim resolution professional for the Mumbai-based coaching firm. The Mumbai bench of the National Company Law Tribunal (NCLT) allowed the companys operational creditor Connect Residuary to initiate…
Details