A LOTTERY winner who won a million dollars in price money has admitted that he is now broke. Eight years after winning a scratch-off jackpot, the lottery player said he is still struggling to pay back his debt. 1 Eight years after winning a scratch-off jackpot, a lottery player said he is still struggling to…
Open this photo in gallery: The One Condo development project, in Toronto, on June 4.Abhijit Alka Anil/The Globe and Mail Residential property developers are facing rising insolvencies as they struggle with higher borrowing and construction costs – and industry experts warn the trend is likely to worsen as interest expenses remain elevated. The number of…
At least a dozen South Australian solar installers have lost tens of thousands of dollars in an alleged rebate rort, 7NEWS can reveal. The company at the centre of the scandal, Emerging Energy Solutions, has gone into liquidation owing creditors across the country more than $86 million. Clayton Solar and Electrical in Adelaide is among…
Federal Court Blocks Student Loan Debt Relief Plan ACA International Read the original article here
Sir Bradley Wiggins has entered bankruptcy, according to a report in The Times on Saturday, after going through financial difficulties with his company. The former Tour de France champion, who retired in 2016 after a career which saw him win eight Olympic medals, entered an Individual Voluntary Arrangement (IVA), a financial agreement designed to help…
In short: Rex Airlines’ administrators say pilot shortages and supply chain issues contributed to the business’s $500 million debt. Administrators say they are confident they will find a buyer for the regional carrier and have received several expressions of interest. What’s next? A second creditors meeting is expected to be held in early September. Administrators…
WR Kaleb Mathis, the son of Colorado football DB coach Robert Mathis, reportedly beat up backup quarterback Colton Allen in the Buffs locker room over an unpaid gambling debt Mathis had owed Allen, per a bombshell exposé from AthlonSports’ Steve Corder. “While bullying was also a common theme, there was another alleged incident involving a…
Katie Price, the 46-year-old star, has been arrested for failing to attend a court hearing related to her bankruptcies. The arrest took place at Heathrow Airport on Thursday. As she returned to the UK. She has been remanded in custody and is set to appear at the Royal Courts of Justice, in London, today. Recently,…
44% of closure in Corporate Insolvency Resolution Process (CIRP) ends with commencement of liquidation, according to IBBI. The liquidation process is usually initiated when no resolution plan has been received under the CIRP. For the CIRPs yielding liquidations, average liquidation value as of claims stood at 6.3 with CIRP initiated by financial creditor’s liquidation value…
NC’s new medical debt relief plan: 11 must-dos for hospitals HealthLeaders Media Read the original article here