Who is Dominic Chappell? The man who bought BHS for £1 and former bankrupt facing prosecution – The Sun

BHS PENSIONS RAP Ex-racing driver who was probed by MPs over collapse of BHS now faces Pensions Regulator rap DOMINIC Chappell purchased British high street chain BHS for £1 from Sir Philip Green in 2015 just over a year before its collapse with a multi-billion pensions black hole. The 50-year-old former racing driver has been probed by…

ATO maintains aggression on company wind-ups as big end of town targeted with confessional style reporting – SmartCompany.com.au

Insolvency experts say small businesses are doing it tough, but that wont stop the tax office and government bodies from stepping in to apply for company wind-up orders as the Australian Taxation Office continues its more aggressive pursuit of businesses. Figures collated from court insolvency records by Prushka Fast Debt Recovery suggest that 46% of wind-up…

Individual bankruptcy: Here is what PM Narendra Modi government is planning – Financial Express

PM Narendra Modi. (Image: PTI) The government is considering bringing in regulations in phases to deal with individual bankruptcy under the overarching law the Insolvency and Bankruptcy Code (IBC) 2016. Sources told FE the government will first come up with insolvency regulations for individuals who are into businesses, which could be announced in a month.…

NCLT admits insolvency plea against Kochi’s SmartCity infrastructure – Economic Times

HYDERABAD: The National Company Law Tribunal (NCLT) has appointed an interim insolvency professional for SmartCity (Kochi) Infrastructure, after admitting a payment default claim by a creditor against the joint venture between the Kerala government and Dubai’s Tecom Investments. The Kerala government holds a 16% stake in the IT special economic zone, with Dubai Holding’s Tecom…

Ruslan Kogan warns of multiple online retail collapses as his electronics business eyes potential acquisitions – SmartCompany.com.au

E-commerce entrepreneur Ruslan Kogan believes multiple Australian online retailers will collapse over the next year  and says his company is poised to acquire them if the opportunity arises. Speaking to AAP, the founder and chief executive of booming online retailer Kogan.com refused to name any specific retailers, but said the process of acquiring collapsed retailer Dick Smith Electronics last…

Newcastle leads the pack in personal insolvencies – Western Advocate

NEWCASTLE has the highest rate of personal insolvency in regional NSW according to figures released by the Australian Financial Security Authority. Across the Hunter there were 215 cases of personal insolvency in the June quarter of 2017, with Newcastles 43 debtors the largest in the state outside of Sydney. Across Australia there were 7,729 debtors who entered a…