Somerset Council will go bankrupt in April 2026 without school funding reform – Somerset Live
Somerset Council will go bankrupt in April 2026 without school funding reform Somerset Live Read the original article here
My mom, 72, told me she’s $150K in debt — she’s living off Social Security with no savings. How do I help her?
Talking about money with family is never easy — especially when it involves debt. Imagine this scenario: Jamie learned his 72-year-old mother had racked up $150,000 in credit card debt. The revelation came as a shock. His mother, who is retired, has no savings or significant assets and depends on monthly Social Security payments to…
Strategy On Track For Historic Collapse, Bigger Than FTX — TradingView News
In a bold and alarming statement, on-chain analyst OxChain raised the possibility of a catastrophic collapse involving Strategy (formerly MicroStrategy), the Bitcoin proxy firm co-founded by Michael Saylor. According to OxChain, this potential downfall could surpass the infamous collapse of FTX. ‘Strategy’s Bitcoin Tactics Resemble Ponzi Scheme’ In a recent post on X (formerly Twitter),…
Dry lining boss sentenced after mystery account moves
Mario Huiu’s failure to keep proper accounting records for Incentive Services Limited meant liquidators were also unable to verify cash receipts of more than £200,000 into the same bank account. The 39-year-old, of Ilford, was prosecuted for offences under the Companies Act 2006 and Insolvency Act 1986. Huiu was given a four-month prison sentence, suspended…
IBC Sees Highest-Ever Recovery in FY25 but Resolution Delays and Haircuts Remain a Drag: ICRA – Moneylife
IBC Sees Highest-Ever Recovery in FY25 but Resolution Delays and Haircuts Remain a Drag: ICRA Moneylife Read the original article here
‘I feel so helpless’: Woman left $2000 out of pocket as appliance store shuts
The first home buyer lost $2088 when the business she was buying whiteware from went into liquidation. File photo. Photo: RNZ A customer who has been left $2000 out of pocket due to the failure of an appliance retailer says there need to be better protections for unsecured creditors. The woman – who did not…
Kjell Inge Rokke's AMSC to make final payment of up to $11m before liquidation – Tradewinds News
Kjell Inge Rokke’s AMSC to make final payment of up to $11m before liquidation Tradewinds News Read the original article here
Former Victorian Liberal leader John Pesutto to avoid bankruptcy after party agrees to loan him $1.55m
Former Victorian Liberal leader John Pesutto has expressed his gratitude to his Victorian Liberal colleagues after the party agreed to give him a $1.55 million loan to avoid bankruptcy. Mr Pesutto was ordered to pay fellow Liberal MP Moira Deeming $2.3 million in legal costs after she successfully sued him for defamation. He was unable…
Drake reveals a whopping $8 million in sports gambling losses
Key Takeaways: Trending Drake admitted to losing over $8 million gambling in just one month. He followed that loss with an $800K bet on the Oklahoma City Thunder in the NBA Finals. He’s reportedly also working on a new solo LP, which speculators have dubbed Iceman. Drake is once again putting his money — and…
UK Supreme Court clarifies scope of fraudulent trading liability | Restructuring touchpoint | Global law firm
The recent Supreme Court decision in Bilta (UK) Ltd (in liquidation) & others v Tradition Financial Services Ltd, provides important guidance on those who may be caught within the scope of fraudulent trading under section 213 of the Insolvency Act 1986. Meaning of “any person” under section 213 Insolvency Act 1986 Section 213 enables the…