Most of AirAsia X Bhd (AAX)s lessors support a restructuring plan, and the Malaysian airline has received interest from potential investors for fundraising after reorganization, court documents filed this month show. In emails attached to the court filings, supportive lessors said they wanted to continue discussions with the budget airline and potential new investors, seeking…
DetailsThe UK government has launched a legal bid to ban eight former Carillion directors from holding senior boardroom positions, almost three years on from the collapse of the outsourcing business. The Insolvency Service, which handles corporate collapses, said it was seeking to disqualify the directors in the public interest, in a move that could result…
DetailsThe National Company Law Tribunal (NCLT) has directed to liquidate debt-ridden dairy firm Kwality Ltd after the company failed to finalise any bidder within the specified time-frame. The NCLT had directed to initiate insolvency proceedings against Kwality Ltd on December 11, 2018 over the plea filed by the financial creditors Punjab National Bank and KKR…
DetailsThe director of a company that once billed itself as Brisbane’s premier home extension and renovation business before collapsing has declared bankruptcy with creditors unlikely to see any of their money, according to liquidators. Total Lifestyle Builders Pty Ltd went into liquidation in June last year owing more than $1.7m to 89 unsecured creditors as…
DetailsProfessional services firm PwC has further enhanced its Business Restructuring Services (BRS) offering in the Midlands to help clients navigate the financial climate currently impacting UK firms. Eddie Williams has this month rejoined the firm as a Partner. Williams, who is also Chairman of R3 in the Midlands has led a number of high-profile administrations…
DetailsThe All-Party Parliamentary Group (APPG) on Fair Business Banking has started a six month project, with support from City law firm Humphries Kerstetter. Kevin Hollinrake, co-chair of the APPG, said: In recent years there have been a number of high-profile failures in the insolvency industry. The APPG has also received its fair share of complaints…
DetailsThe director of a company that once billed itself as Brisbane’s premier home extension and renovation business before collapsing has declared bankruptcy with creditors unlikely to see any of their money, according to liquidators. Total Lifestyle Builders Pty Ltd went into liquidation in June last year owing more than $1.7m to 89 unsecured creditors as…
DetailsWhether it’s an outstanding credit card balance, student loans, a new car payment or a first-time mortgage, having debt is common. Yet it’s still a taboo subject that doesn’t get talked about nearly as much as it should, given how universal it is. YouTuber Aja Dang recognized this fact when she decided to document her…
DetailsCounty court judgments (CCJs) against struggling borrowers have surged, leaving more vulnerable consumers at risk of being chased for debts as the UK prepares to lift its ban on repossessions. The wind down of some Covid support, including payment holidays introduced at the start of the pandemic, contributed to a record increase in CCJs in…
DetailsRockhampton firm Taurus Accounting has gone into liquidation owing more than $260,000 in debts, according to official documents. The company, which was registered to a Cambridge St, The Range, address, went into liquidation in late December. It officially ceased trading on December 18, 2020. Nigel Markey of Pilot Partners was appointed the liquidator. In documents…
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