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Daily Archives: August 19, 2024

KaDeWe goes bankrupt: What next for the Berlin luxury store?

BankruptcyBy EditorAugust 19, 2024

Photo: IMAGO / Schöning Wednesday 31, January KaDeWe goes bankrupt: What next for Berlin’s house of luxury? The KaDeWe department store first opened in 1907, with the giant building long since standing as a symbol of West Berlin luxury, wealth and consumerism. That gilded reputation has now been tarnished as the KaDeWe group, who operate…

Katie Price issued devastating blow to earnings by judge over bankruptcy woes | Celebrity News | Showbiz & TV

BankruptcyBy EditorAugust 19, 2024

A judge has demanded that part of Katie Price‘s income be suspended after she was declared bankrupt for a second time. The 46-year-olds earnings from TikTok have been suspended by a judge in order to pay off money owed under her two bankruptcies. The former glamour model was first declared bankrupt in 2019 and again…

Katie Price dealt major financial blow by judge over bankruptcy dispute – The Mirror

BankruptcyBy EditorAugust 19, 2024

Katie Price dealt major financial blow by judge over bankruptcy dispute  The Mirror Read the original article here

Removed super no longer protected from creditors: court

BankruptcyBy EditorAugust 19, 2024

A recent Federal Court ruling has found that the transfer of super from a husband to his wife’s superannuation account is no longer protected as an interest of the bankrupt in a regulated super fund under the Bankruptcy Act 1966. Terence Wong, senior associate at Sladen Legal, said the court made the ruling in the…

Katie Price’s TikTok income suspended amid bankruptcy dispute, judge rules

BankruptcyBy EditorAugust 19, 2024

Katie Price will have her income from social media platform TikTok suspended as part of efforts to pay off money owed under her two bankruptcies, a judge has ruled. The former glamour model was declared bankrupt in November 2019 and again in March this year, and is due to face questions over her finances in…

Nearly one in 10 English councils expect to go bust in next year, survey finds | Local government

BankruptcyBy EditorAugust 19, 2024

Nearly one in 10 councils in England have warned they will go bust in the next 12 months as authorities plan widespread cuts, above-inflation council tax rises and across-the-board increases to resident charges, a survey has revealed. The Local Government Information Unit (LGIU) annual poll of local authority leaders and top managers reveals a near-total…

Katie Price’s TikTok income suspended amid bankruptcy dispute, judge rules

BankruptcyBy EditorAugust 19, 2024

Katie Price will have her income from social media platform TikTok suspended as part of efforts to pay off money owed under her two bankruptcies, a judge has ruled. The former glamour model was declared bankrupt in November 2019 and again in March this year, and is due to face questions over her finances in…

Rex chairman John Sharp files criminal complaint against former chairman Lim Kim Hai over recorded meeting

LiquidationBy EditorAugust 19, 2024

Embattled regional airline Rex is expected to slash more than 70 more jobs than originally planned when the company fell into voluntary administration last month. Ernst and Young administrators took over the troubled business in an effort to save the airline from collapse, which included cutting a total of 594 jobs from the airline’s domestic…

Parents failing to submit tax returns are skewing child support payments

Debt HelpBy EditorAugust 19, 2024

In short: Experts say some parents do cash-in-hand work, salary sacrifice, set up business structures, and lodge late tax returns to avoid child support payments. Services Australia, which administers the scheme, referred 168,082 parents to the Australian Tax Office in 2022-23 for having overdue tax returns. What’s next?: The federal budget allocated $5 million for…

China Expands Debt Support to Another City After Bailout Success

Debt HelpBy EditorAugust 19, 2024

Chinese regulators gave approval to a debt-laden city in the country’s east to get funding support from banks, as they move to help more localities after making progress recently in bailouts. The banks were instructed earlier this month to provide additional help to local government financing vehicles in Weifang in Shandong province, according to people…

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