Ex-Scotland and Dundee United footballer Billy McKinlay declared bankrupt with debts of £700000 after HMRC tax ruling – HeraldScotland

FORMER Scotland international footballer Billy McKinlay has been made bankrupt with debts of almost £700,000. The ex-Dundee United and Blackburn Rovers star was declared insolvent after failing to settle large bills thought to be owed to the taxman. He was an investor in a film production investment scheme which has seen several ex-footballers, including former…

Ex-Scotland and Dundee United footballer Billy McKinlay declared bankrupt with debts of £700000 after HMRC tax ruling – HeraldScotland

FORMER Scotland international footballer Billy McKinlay has been made bankrupt with debts of almost £700,000. The ex-Dundee United and Blackburn Rovers star was declared insolvent after failing to settle large bills thought to be owed to the taxman. He was an investor in a film production investment scheme which has seen several ex-footballers, including former…

Puerto Rico rejects $1 billion loan from power utility bondholder group – Yahoo7 News

By Stephanie Kelly NEW YORK (Reuters) – Puerto Rico rejected on Thursday a $1 billion loan offer from creditors of the island’s bankrupt power utility, calling the proposal “not viable” and saying it would hamper the utility’s ability to recover. The Puerto Rico Electric Power Authority’s bondholder group on Wednesday offered the utility a new…

Australia needs new insolvency laws to encourage small businesses – The Conversation AU

The Ten Networks recent experience of voluntary administration and subsequent rescue by CBS demonstrates how insolvency law works for large Australian companies. But 97% of Australian businesses are small or medium size enterprises (SMEs), and they face a system that isnt designed for them. 60% of small businesses cease trading within the first three years…

Ex-One Nation senator Rod Culleton escorted from Perth courtroom for outburst – The West Australian

UPDATE: Former One Nation senator Rod Culleton has apologised to a Perth magistrate after an angry outburst saw him escorted from a courtroom during his stealing trial today. Mr Culleton allegedly surrounded a $27,000 hire car with hay bales in March 2015, forcing bank-appointed receivers to leave it at Bruce Dixons Cuballing farm where they…