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Daily Archives: August 21, 2024

ATO crackdown on tax debts leads to a spike in insolvencies

LiquidationBy EditorAugust 21, 2024

Tax debt has emerged as one of the biggest drivers of corporate insolvencies over the past year, with the latest data from Alares Insights showing April tracked at 50 per cent higher than pre-COVID levels. According to Patrick Schweizer, author of Alares Monthly Credit Risk Insights, there has been a sharp increase in the number of companies seeking…

R3 responds to July 2024 insolvency statistics – Insider Media

LiquidationBy EditorAugust 21, 2024

R3 responds to July 2024 insolvency statistics  Insider Media Read the original article here

Over insolvency concerns, Byju Raveendran promises July Salaries will be paid for employees

BankruptcyBy EditorAugust 21, 2024

In response to growing concerns about the company’s insolvency, Byju Raveendran, the Founder of the cash-strapped edtech company BYJU’S, informed employees in an email that their July salaries would be paid once he regains control of the business. In recent months, the struggling business has repeatedly delayed paying employees their wages. The business claims to…

Companies associated with Du Val Group placed into statutory management

LiquidationBy EditorAugust 21, 2024

Companies associated with Du Val Group, a developer of large-scale residential property projects in Auckland, have been placed into statutory management by the Government under the Corporations Act. The group, founded by developers Kenyon and Charlotte Clarke, was placed into receivership earlier this month by the Financial Markets Authority. In a statement on the Government’s…

The 10 best debt consolidation loans of 2024 to simplify paying off debt – CNN Underscored

Debt HelpBy EditorAugust 21, 2024

The 10 best debt consolidation loans of 2024 to simplify paying off debt  CNN Underscored Read the original article here

Indian ed-tech giant Byju's faces total shutdown if insolvency proceeds, CEO says – Reuters

BankruptcyBy EditorAugust 21, 2024

Indian ed-tech giant Byju’s faces total shutdown if insolvency proceeds, CEO says  Reuters Read the original article here

Dodgers’ Ohtani embroiled in gambling controversy – The Prospector

Debt HelpBy EditorAugust 21, 2024

Almost a week has passed since Shohei Ohtani addressed rumors and speculation that he was involved in gambling, which some say is baseball’s greatest sin, after his interpreter and friend, Ippei Mizuhara, was fired by the Dodgers for his connections to a bookmaker someone who handles bets and money gambling for sports betting.  Mizuhara has…

Tennis legend Boris Becker discharged from bankruptcy court in England

BankruptcyBy EditorAugust 21, 2024

LONDON (AP) — German tennis legend Boris Becker was discharged from bankruptcy court in London after a judge found Wednesday he had done “all that he reasonably could do” to repay creditors tens of millions of pounds. Becker fell far short of repaying his creditors nearly 50 million pounds ($62.5 million) he owed, but Chief…

UK Judge Blocks Katie Price’s TikTok Income To Help Pay For £760K Debt Following Recent £10K Face Lift

BankruptcyBy EditorAugust 21, 2024

A judge ruled today that Katie Price’s TikTok income will be suspended. This decision is part of the ongoing efforts to recover the money she owes due to two previous bankruptcies. This decision arises as Price is currently involved in a dispute with HMRC regarding £760,000 of unpaid tax. Today’s hearing occurred only a week…

All the ways Katie Price makes money amid bankruptcy

BankruptcyBy EditorAugust 21, 2024

All the ways Katie Price makes money amid bankruptcy. (Getty) (PA Wire – PA Images via Getty Images) How does Katie Price make money amid her bankruptcy? Once estimated to be worth £40m, the former glamour model has been declared bankrupt for the second time earlier this year in March over an unpaid tax bill…

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