The liquidators of failed adtech startup Metigy, which collapsed into administration in July, just 20 months after raising $20 million in a Series B, have taken a $1.45 million hit on the sale of a country property bought using company funds by the startup’s now bankrupt founder, David Fairfull.
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In this episode of The Cut, Simon speaks with Samantha Parsons of Parsons & Partners about the rapidly growing private credit and non-bank lending sector. They discuss mortgage fraud, identity verification, digital signing, AI, lender due diligence, changing case law and the importance of properly structured loan documents. Samantha shares
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What should a receiver or liquidator look for when investigating the actions of a director whose appointment of administrators ultimately nets for him or her the company’s valuable assets? And what does that director need to do when considering the appointment? How will a court later deal with issues of
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For many individuals, bankruptcy provides an opportunity to draw a line under financial difficulties and make a fresh start. While discharge, which generally occurs after three years, is a significant milestone, it is important to understand that some obligations and issues can continue beyond the discharge date. One of the
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