A growing number of councils in England have declared bankruptcy since 2018, most recently Nottingham, Woking, Thurrock and Birmingham. With the situation in the devolved nations of the UK looking similarly precarious, the question of quite what has happened to local government finances in the UK is an urgent one. A council cannot, technically, go…
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As Astros fan Saul Malek read the criminal complaint alleging interpreter Ippei Mizuhara stole more than $16 million from Dodgers superstar Shohei Ohtani to pay his gambling debts, Malek was less stunned by the enormity of Mizuhara’s sports betting habit than by how familiar his behavior felt. Malek, 26, is a recovering gambling addict. The rush…
Anger is growing against failed online retailer Booktopia from authors, publishers and customers, who are being left in limbo as a lengthy administration process to claw back $60 million in debt now plays out. The Australian company appointed administrators earlier this month, after battling tough times that some in the publishing world say was open…
Crown Group co-founder Paul Sathio, who lost control of the business when it was pushed into liquidation last year after 25 years of operation, finds himself a further $6 million out of pocket after failing to raise enough funds to buy one of his former company’s largest development sites. Crown Group, founded by Indonesia-born businessmen…
In short: Lawyers say a shortage of workers outside metropolitan areas is straining the court system and leaving people in need without help. They say people are representing themselves in court, which can double the average time it takes to hear a case and lead to people owing large amounts of money. What’s next? There…
The company writes in a notification to the US Securities and Exchange Commission that Tritium DCFC and three of its Australian subsidiaries are “insolvent or likely to become insolvent”. Although Tritium was founded in Australia and still has its headquarters there, it has been listed on the Nasdaq in the USA since the beginning of…
DALLAS — Australia’s third-largest airline, Rex (ZL), has entered voluntary administration and canceled flights on several routes. Australia’s Regional Express, known locally as Rex, has grounded all its Boeing 737 aircraft. The airline has suspended its flights between Australia’s major cities. However, ZL will continue to operate flights to and from regional cities, operated by…
EXCLUSIVE A cruise liner passenger who plunged to his death from the ship had racked up a $4,000 casino debt after being lured to spend big by the company’s ‘high roller’ incentives, his family claims. Shane Dixon, 45, died after falling overboard while sailing on the P&O cruise ship Pacific Adventure just after 4am on…
She was detained after returning to the UK. Photos have emerged showing her with bandages around her face, near police vans at the airport. The PA news agency understands Ms Price, who was born in Brighton but lives in Surrey, was bailed by an out-of-hours magistrate later on Thursday evening. She was declared bankrupt in…