The Insolvency and Bankruptcy Board of India (IBBI) has released guidelines for insolvency professionals to be appointed as interim and regular resolution professionals, liquidators and bankruptcy trustees. The guidelines will provide the way a panel of insolvency professionals will be prepared for quicker appointments by authorities, avoiding administrative delays in corporate and individual insolvency proceedings.…
Former Carlton and Brisbane star Brendan Fevola has been declared bankrupt in the Federal Court. The Federal Circuit Court made the declaration in Brisbane on Wednesday morning. Fevola did not appear in court for the declaration. The court had heard that the former star forward had unpaid debts of $60,000. The bankruptcy is the latest…
Australian self-made coal baron Nathan Tinkler has gone from being the nation’s youngest billionaire to officially bankrupt in just five years, capping a dramatic fall from grace after he failed to appeal a court order. Tinkler, a larger-than-life character who spent millions on sporting clubs and horse racing, making enemies along the way, apologised Thursday…
Lucas Neill declared bankrupt in the UK SBS News Read the original article here
Hin Leong’s founder, Lim Oon Kuin, and his two children were declared bankrupt on Dec 19, the electronic government gazette published on Dec 27 showed. Better known in the oil trading industry as O.K. Lim, the 82-year-old, his daughter Lim Huey Ching, 57, and son Lim Chee Meng, 54, will have their bankruptcy estates managed…
Getty Images In 1985 Becker became the first unseeded player to win the Wimbledon men’s singles Three-time Wimbledon tennis champion Boris Becker has been declared bankrupt by a London bankruptcy court. The 49-year-old owed a firm of private bankers a large sum and the court registrar said there was not enough credible evidence that he…
Controversial former Auburn deputy mayor Salim Mehajer has been declared bankrupt by a Federal Circuit Court judge, ratcheting up the pressure on the property developer as he faces a string of criminal charges. The liquidator appointed to Mehajer’s failed company, SM Project Developments, served a bankruptcy notice on Mehajer in September last year and kicked…
Salim Mehajer declared bankrupt by judge SBS News Read the original article here
PA The Official Receiver will take control of Price’s financial affairs and property Katie Price has been declared bankrupt in a hearing at the High Court, which was told she had failed to stick to a plan to repay her debts. The former model and reality TV star was not present at the London hearing.…
One of the many shocking discoveries of adulthood is that banks only have a fraction of the amount deposited with them on hand at any one time. As a child, you might have pictured huge vaults filled to the brim with everyone’s money, but in fact, when you deposit an amount with a bank, they…