The number of bankruptcies in Ireland increased last year, according to the Insolvency Service of Ireland (ISI)s latest annual report. According to the report, there were 479 bankruptcies in 2015 up seven per cent from 448 in 2014. There was also a massive increase in the number of people who were returned to solvency thanks…
DetailsNDP administrators have told unsecured creditors they could expect as little as five cents in the dollar, under a deed of company arrangement (DOCA). NDP CREDITORS: NDP’s unsecured creditors include dairy farmers Alex Robertson, Donna Edge and Fiona Plant. In a letter to unsecured creditors, joint and several administrators Salvatore Algeri and Glen Kanvesky said…
DetailsUpdated Dec. 15, 2016 10:21 a.m. ET A U.S. bankruptcy judge has approved the chapter 11 plan for the U.S. arm of Spains Abengoa S.A., a key element in the renewable-energy companys multibillion-dollar debt restructuring. Judge Kevin J. Carey of the U.S. Bankruptcy Court in Wilmington, Del., Wednesday signed off on the creditor-repayment plan for…
DetailsTrey Hollingsworth × Millionaire Congressman-elect Trey Hollingsworth appeals for help with campaign debts Trey Hollingsworth WASHINGTON, D.C. Trey Hollingsworth, the multimillionaire who won a seat in Congress during the November election, is asking for donations to help repay money he owes to his pollster and political consultants. According to our newsgathering partners at the IndyStar, Hollingsworth…
DetailsA Manchester-based company that operated a business rates mitigation scheme for clients has finally been wound-up after it withdrew an appeal to close the business in the public interest. The High Court in Manchester ordered the winding up of PAG Management Services Ltd on 9 October 2015 after it was found to have operated a…
DetailsPerth-based architecture firm DAPM Architects is in the hands of liquidators, less than a week after it was spun-out of national group DesignInc, but its managing director says the collapse represents an opportunity for a new beginning. DesignInc announced last week that its Perth outpost would leave the group, with DAPM to be headed up…
DetailsAs Parliament prepared to vote on a government proposal for a one-off payout to pensioners, New Democracy opposition attacked the left-led administration of putting Greeces future at risk. [Prime Minister Alexis] Tsipras is gambling with the countrys future, ND chief Kyriakos Mitsotakis said on the sidelines of the European Peoples Party summit in Brussels. He…
DetailsThe High Court in Manchester originally ordered the winding up of PAG Management Services Ltd in 2015, but the order was suspended pending an appeal lodged by the company. This has now been formally dismissed at the companys request. Two associated companies, complicit in the operation of the scheme, Ashburton Solutions Ltd and Beacon Property…
DetailsTakata Corp.s selection of a bidder is running behind schedule as the shortlisted companies embark on a more thorough review of the air-bag maker behind the biggest auto safety recall, according to people familiar with the matter. The successful bidder may only be named some time in the January-to-March quarter, the people said, asking not…
DetailsFormer Billabong boss Matthew Perrin said he regularly signed legal documents with his ex-wife’s name. (Source: AAP) Fallen Billabong boss Matthew Perrin has accused his ex-wife of making him sign a fabricated confession when he was “contemplating suicide”. The former CEO is on trial in the Brisbane District Court for fraud and forgery after he…
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