Posts by forumadmin
Bankruptcy Annulment: A Fresh Start for Financial Recovery
Bankruptcy is often viewed as a last resort for individuals overwhelmed by debt, offering a path to financial relief but also leaving a significant mark on their financial records. However, there’s a lesser-known process that can offer a clean slate: bankruptcy annulment. In this article, we delve into what bankruptcy annulment entails, why it might…
Read MoreCastle Trust and Management Services Ltd- The Big Problem for the Gibraltar Financial Services Commission
The collapse of Castle Trust and Management Services Ltd (CTMS) has raised serious questions aboutthe role and effectiveness of the Gibraltar Financial Services Commission (GFSC) and the GibraltarGovernment. The silence from these entities, in the wake of CTMS’s downfall, is becomingincreasingly hard to ignore as more victims step forward, revealing the extent of their losses.…
Read MoreConstruction Debt: A Major Issue for the Industry
When it comes to construction debt, debt recovery for specialist contractors isn’t just about recouping losses; it’s about survival. Cash flow is the lifeblood of any business. Whether dealing with a few thousand pounds or several hundred thousand, every penny counts. Yet, navigating construction contracts often leaves contractors short-changed or waiting indefinitely for payment. According to a…
Read MoreCommercial Debt Collection: Challenges and Best Practices
Commercial debt collection is the process through which outstanding debts owed by commercial entities are recovered, typically stemming from goods delivered or services rendered on credit terms. In this blog, we’ll delve into the intricacies; exploring its significance, processes, challenges, and best practices. Understanding the Commercial Debt Collection Process At its core, commercial debt collection…
Read MoreGibraltar Financial Services Commission: A Lesson in Financial Regulation
The recent collapse of High Street Group and its security trustee, Castle Trust Management and Services, prompts a closer examination of regulatory practices. Along with the importance of due diligence procedures. With the director of High Street Group, Gary Forrest, ordered bankrupt for liabilities totaling tens of millions of pounds. Castle Trust’s director, Steve Knight,…
Read MoreDe Trafford Third Party Recovery: An Update
The recent financial collapse of multiple DeTrafford property development companies hassignificantly impacted purchasers. As they navigate the consequences, a glimmer of hope arises asthe wheels of the third- party action is firmly in motion. Read our previous articles here and here forthe history of this case. The Rise and Fall of DeTrafford: Over the past…
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