Katie Price staves off bankruptcy for another month but could still be made homeless unless she strikes deal over debts of up to 500,000 Former glamour model has been in and out of court over unpaid debt to taxman She was not declared bankrupt today after lawyers say she has meeting planned Her legal team…
DetailsIn his speech on Monday Chancellor of the Exchequer Philip Hammond announced there would be targeted support for people repaying debts to help them take control of their finances. But further analysis of the Budget papers revealed the Government wants to increase breathing space given for people in debt. This will provide a 60-day period…
DetailsRomania had 16,499 insolvencies in 2008, while the estimate for the end of this year is about 8,300, or about half of the number recorded ten years ago. According to CITR, at the same time, between 2016-2018, the number of companies entering insolvency annually remained constant, between 8,300-8,600. In the same period, the number of…
DetailsPersonal insolvencies fell back from a six-year high in the third quarter of this year, official figures show. Across England and Wales, 25,151 personal insolvencies were recorded between July and September – a 10.5% fall compared with the previous quarter when there were 28,108 personal insolvencies – the highest quarterly figure since 2012. Richard Haymes,…
DetailsCompany insolvencies leapt 19.3 per cent in the third quarter compared to the same quarter last year. Data from the Insolvency Service shows company insolvencies increased 8.9 per cent in the quarter to the end of September compared to the previous quarter. A total of 4,308 companies entered insolvency in the third quarter, with 3,083…
DetailsTroubled commodity trader Noble Group, which almost blew up in an accounting and debt scandal before pushing through a dramatic financial restructuring in August, will report another loss in the third quarter. The Singapore-listed commodity house, which was founded by British born trader Richard Elman, is expected to report an overall net loss of $90-$115m,…
DetailsThe insolvency law committee (ILC) that recently came out with recommendations on cross border insolvency essentially based on the UNCITRAL Model Law has proposed a presumption of default trigger to start insolvency proceedings in India. This, if the insolvency proceedings in the corporate debtors COMI (centre of main interest) has been recognised in India. Under…
DetailsDear Sir / Madam, We would like to inform you that 6th meeting of Committee of Creditors of Sterling Biotech Limited was held on Monday, 29th October 2018 at 12.00 noon IST at Mayfair Banquets, 254-C Dr. Annie Besant Road, Shivaji Nagar, Worli, Mumbai-400 030, Maharashtra, India. You are requested to take the same on…
DetailsThe Australian Financial Security Authority (AFSA) released regional personal insolvency statistics for the September quarter 2018. The numbers of new debtors decreased in the capital cities in the September quarter 2018 compared to the June quarter 2018. The number of new debtors in the Australian Capital Territory decreased. September quarter 2018 regional personal insolvencies state…
Details| 5 hours ago The J.M. Smucker Company has concluded a holding company-based review by assigning both creative and media work for many of its best-known U.S. brands to Publicis Groupe. According to multiple sources with knowledge of the matter, the product lines involved include the companys many jams, jellies and peanut butters, as well…
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