Mental Health Awareness Week runs until May 16 and there can be little doubt that the last year has had a significant emotional and financial impact on thousands of people across Scotland. Many have faced isolation from friends, family and support networks, with the situation being made worse by the additional burden of problem debt,…
DetailsBy Reuters Staff 3 Min Read (Adds comment of Ukraines central bank) LONDON, May 14 (Reuters) – The Bank of England said on Friday that it had approved the bail-in of $595 million of loans that a British-based financial company made to the major Ukrainian lender PrivatBank before it was nationalised in 2016. The banks…
DetailsThe High Court has approved a personal insolvency arrangement that will see a 54-year-old Tipperary woman continue to make mortgage repayments on her family home until she is 90. Mr Justice Mark Sanfey approved the arrangement for Esther Kirwan, of Moycarkey, Thurles, in what is a regarded as an important test case. The court heard…
DetailsJonathan Bennett (49), from Cardiff, appeared at Cardiff Crown Court on 10 May before Judge Fitton QC were he was sentenced to 9 months in prison, suspended for 2 years. During the hearing the court heard that Jonathan Bennett was banned as a company director in 2010 for 8 years. Jonathan Bennett, however, continued to…
DetailsMr Tinklers spokeswoman challenged the validity of the claim over the property and the size of the debt claimed. The Tinkler camp said arbitration was under way and they believe the appointment of FTI may amount to a breach of the arbitration process. A ban on Mr Tinkler being a director of Australian companies expired…
DetailsWhole Foods is planning layoffs as part of a larger restructuring of its business, the company confirmed to Insider on Thursday. Whole Foods told Insider that it expects the layoffs to impact a small, but at this point unknown, number of corporate employees, and that employees who work at its stores and distribution centers will…
DetailsBy Wayne Robinson | 14 May 2021 Almost a year to the day after Melbourne print business Bambra Press went into voluntary administration, John Wanless will once again take over the business, as it emerges from its DOCA (deed of company arrangement), following a near unanimous vote from creditors to accept 20c in the dollar.…
DetailsA High Court ruling that will allow a 54-year-old woman pay a mortgage until she is 90 could help an estimated 20,000 people who are unable to pay Celtic Tiger-era debts. Mr Justice Mark Sanfey signed off on a personal insolvency arrangement a form of financial rescue for heavily indebted borrowers that will allow Co…
DetailsMonths after sweeping changes to insolvency laws, the budget revealed the government will re-examine what should happen when businesses go bust. Key points: Laws around how failed businesses are wound-upwill be re-examined Broad, temporary protections set up during the pandemic have ended Sweeping changes were introduced in January, but have notbeen used much That could…
DetailsThe High Court has approved a Personal Insolvency Arrangement that will see a 54-year-old woman continue to make mortgage repayments on her family home until she is 90 years of age. Mr Justice Mark Sanfey approved the PIA in respect of Esther Kirwan, from Moycarkey, Thurles, Co Tipperary, in what is a regarded as an…
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