Liverpool legend John Barnes declared bankrupt with £1.5million in debts

Former England international John Barnes has been declared bankrupt following the accumulation of £1.5million in debts by his media company. The 61-year-old former Liverpool star’s financial troubles stem from John Barnes Media Limited, which has since been liquidated. HM Revenue and Customs filed the bankruptcy petition in early August after the company’s debts exceeded £1.5million.…

Calcutta HC upholds Property Tax Liabilities on Auction Buyers, dismisses Writ Petition [Read Order]

In a recent judgment, the Calcutta High Court dismissed a writ petition filed by auction purchasers challenging demands for pre-purchase property tax arrears and upheld the property tax liability of auction purchaser despite of Insolvency Bankruptcy Code (IBC), 2016. It was observed that the statutory charge under Section 232 KMC Act overrides the IBC’s general…

Smith & Nephew (LSE:SN) Debt Risk Management in FTSE 100

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Stoke-on-Trent firm collapses into liquidation

Two directors of a liquidated waste company at the centre of a row over abandoned skips are now back in charge of a new firm. Longport-based Staffordshire Waste Recycling Centre collapsed into liquidation in August. It followed complaints about the company failing to collect skips from customers’ properties and the Environment Agency removing one of…