The Group of Seven finance ministers said Friday they will support an extension of an international debt relief program to help poor countries take measures against the coronavirus pandemic. Japanese Finance Minister Taro Aso said China’s involvement in the initiative, led by the Group of 20 major economies and Paris Club traditional creditor nations, is…
DetailsThis is on top of temporary rules put in place in March and extended in September for another six months, including relief for directors from any personal liability for trading while insolvent. Those temporary rules also included a provision that made it harder to issue a statutory demand for unpaid bills. The threshold was increased…
DetailsGuest post by Jonathan Munnery, UK Liquidators The coronavirus pandemic continues to leave a visible footprint as it disrupts every sector, leaving no shopfront untouched. As each business, from start-ups to SMEs establish strategies to protect their livelihoods, the economic pressure deriving from Covid-19 has pushed unstable businesses over their last leg of trading. As…
Details10:49 AM GMT Associated Press Former tennis star Boris Becker appeared in a London court on Thursday, pleading not guilty to a string of criminal charges related to his bankruptcy case. Becker, who was declared bankrupt in June 2017, is accused of not complying with orders to disclose financial information and hiding properties in the…
DetailsThe National Union of Students has endorsed the new Student Hub resource launched by the Young Gamers and Gamblers Education Trust. Backing the website, the NUS has stated that Student Hub will act as a vital support tool for students at risk, or suffering from problem gambling during their time at university. The resource, which…
DetailsFirms that help to restructure or wind down distressed startups and other companies are seeing a big pick-up in business. At one firm Silicon Valley-based Sherwood Partners the number of calls it’s getting and deal it’s signing are up 300% from the levels they were at 12 to 18 months ago, its cofounder Martin Pichinson…
Details“Authorities have remained steadfast in their commitment to economic reforms, meeting all structural benchmarks for the first review,” the press release said. Domestic revenues for the financial year until June were US$99 million against a target of US$ 109 million, the Fund said, but it was willing to waive that because Somalia had been hit…
DetailsSt Andrews Motorhomes Limited was incorporated in June 1993 to buy and sell motorhomes in Central Scotland. Christine Helen Galloway (65), from Cupar, Fife, was a director of the company since its incorporation. The company, however, began to struggle and ceased trading in July 2018, before entering into compulsory liquidation. St Andrews Motorhomes insolvency brought…
DetailsEvery year, thousands of Australians are targeted by scams, whether it be online, via phone, mail or even in person. Australian Community Media has compiled a list of current scams identified on sites such as scamwatch.gov.au and the Australian Competition and Consumer Commission’s website dedicated to informing people about fraudulent and dishonest activities: Have you…
DetailsSTA Travel has been placed into liquidation following a meeting of creditors today. The travel agency, which follows in the collapse of its Swiss parent company, was placed into voluntary administration on August 21. Trading under three separate entities in Australia, STA Travel Pty. Ltd and IEP Pty Limited were today placed into liquidation. READ…
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