A Lincolnshire woman failed to disclose all of the property in her ownership after being declared bankrupt, a court has heard. Susan Thatcher, 54, from Skegness did not inform the relevant authorities about a Spanish holiday home in her possession. Read More Thatcher, of Barkham Grove, pleaded guilty to owning the property in Fuerteventura and…
DetailsNEW YORK (Reuters) – Puerto Ricos government on Friday called moves by creditors of the islands bankrupt power utility to offer a $1 billion loan a publicity stunt, the latest salvo in a public back-and-forth on how to help the utility recover after Hurricane Maria. As Puerto Rico struggles with near total destruction of its…
DetailsThe Supreme Court of India (Supreme Court) in Mobilox Innovations Private Limited v Kirusa Software Private Limited (Mobilox v Kirusa) has finally settled the widely debated question of what constitutes existence of a dispute in the context of applications filed by operational creditors for initiation of corporate insolvency resolution process (CIRP) of corporate debtors under…
DetailsNothing to see here move along folks, was the message from the Ryanair public relations machine this week as it pinned an image of 20 smiling new pilots to the top of its Twitter page. The new recruits all men, by the way were waving their hands in the air or giving the thumbs up…
DetailsNEW YORK (Reuters) – Puerto Ricos government on Friday called moves by creditors of the islands bankrupt power utility to offer a $1 billion loan a publicity stunt, the latest salvo in a public back-and-forth on how to help the utility recover after Hurricane Maria. As Puerto Rico struggles with near total destruction of its…
DetailsISLAMABAD: The ministry of textile industry has constituted a committee for the restructuring of Pakistan Central Cotton Committee (PCCC) for enhancing its performance, an official said on Friday. The restructuring committee comprises four members of the National Assembly, including Chaudhry Asad-ur-Rahman, Chaudhry Iftikhar Nazir, Sheikh Fayyaz-ud-din and Sajid Mehdi. Ministry of textile industry secretary and…
DetailsMove aimed at preventing at least 3 lakh disqualified directors of shell companies from entering the insolvency eco-system. Amid a crackdown on directors of shell companies, the government is considering to further tighten the scrutiny of candidates applying for the licences of insolvency professionals, in a bid to prevent unscrupulous elements from entering the critical…
DetailsThese days volunteering to teach art classes at Bethlehem House keeps Robert Kreshl busy. But for 13 years Mr Kreshl was ruled by an addiction to poker machines. “It was a place for me to hide and hope to win enough money to get me out of trouble this vain, delusional hope,” he said.…
DetailsWhile Wall Street vultures circle amid an ongoing humanitarian crisis and try to entice Puerto Rico with “relief” offers in the form of more debt, advocates for economic justice are demanding immediate debt relief and federal stimulus spending to rebuild the island’s devastated infrastructure. “Puerto Rico needs immediate humanitarian assistance before many more lives are…
DetailsSIX former workers at liquidated Trend Interiors Carpet Court Mackay will end up thousands of dollars out of pocket unless government regulators step in, says the woman tasked with managing the fallout of the failed company. But the company’s liquidator BRI Ferrier principal Moira Carter is not optimistic the ASIC will give worker welfare priority,…
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