Network of fake companies shut down following Bounce Back Loan … – GOV.UK

11 sham companies were part of a group that fraudulently claimed UK-taxpayer funds and transferred the money to Hong Kong. The Insolvency Service has successfully secured the winding-up of 11 companies for their part in a scheme which orchestrated systematic fraud against UK taxpayers during the covid-19 pandemic. Between them, the companies claimed 500,000 through…

High court eyeing limitations period that applies to pursue PIP benefits – Michigan Lawyers Weekly

Oral argument has been ordered in a case where the Michigan Court of Appeals held that the one-year statute of limitations period in MCL 500.3145(1) does not apply to the Michigan Property & Casualty Guaranty Association, or MPCGA, when it is pursuing benefits under the no-fault act. In Childers v. Progressive Marathon Insurance Company (MiLW…

Convicted paedophile John Millwood moved $800k on day sent to jail, Tasmanian court hears – ABC News

In short: Convicted paedophile John Wayne Millwood has given evidence in the Federal Court about why he transferred assets into relatives’ names and sold shares in his companies.  What’s next: His victim received a multi-million dollar civil payout but is yet to receive any money and is pursuing the matter after Millwood declared himself bankrupt  Convicted…

Bankrupt Aircraft Trader Can't Shield $14M In Tax, US Says – Law360

By Anna Scott Farrell June 5, 2023, 4:57 PM EDT The government should be allowed to collect more than $14 million in tax debt from an aircraft trader who claimed $12 million in fictitious deductions and then declared bankruptcy, the U.S…. To view the full article, register now. Read the full article at: https://www.law360.com/tax-authority/articles/1684765/bankrupt-aircraft-trader-can-t-shield-14m-in-tax-us-says

Future Lifestyle Insolvency: RP receives claims of Rs 2,155.53 cr from financial creditors – ETRetail

New Delhi: Future Lifestyle Fashions Ltd has received a total claim of Rs 2,155.53 crore from 12 financial creditors in the corporate insolvency resolution process (CIRP) initiated against this Future group company recently. The resolution professional of the company has provisionally admitted claims of Rs 2,117.03 crore and claims worth Rs 38.5 crore are “under…