When a house that normally rents for £500 a week can find a tenant willing to pay £16,000 for a nine day let, it is a sure sign that there is big money in town. The town is Cowes, in the Isle of Wight, and the money arrives with the annual Cowes Week sailing extravaganza.…
GERMANY: Partly crowd-funded open access operator Locomore announced on August 2 that insolvency proceedings had opened the previous day. The company said it was still trying to find a positive solution to its problems, but train services would remain suspended until further notice. Locomore launched a daily return service between Berlin and Stuttgart in December 2016…
BILL Power is the principal of Powers Transport, an operation run out of the Powers family home town of Kilkivan, about 200km north and slightly west of Brisbane. Back in the day, the Power’s operation was built around a White Road Boss and, in the late 1970s, many considered the Road Boss to be the…
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…
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…
The Australian Financial Security Authority have revealed Bunbury’s statistics for personal insolvency from March to June this year, with 43 new cases – the highest in regional WA. Bunbury has topped the list of regional personal insolvency statistics for Western Australia in June 2017. The Australian Financial Security Authority (AFSA) recently released regional personal insolvency…
The number of people seeking debt solutions in Ireland continued to rise in the second quarter of the year, the Insolvency Service of Ireland (ISI) said. There were 1,259 new applications, a 26 per cent increase in the number of Protective Certificates issued, and a 22 per cent increase in approved arrangements. Lorcan OConnor, director…
Stock picture Revealed: How many secured approval for mortgage – but couldn’t find a home to buy Independent.ie A big gap has opened up between the numbers getting approved to take out a mortgage and those who end up drawing one down. http://www.independent.ie/business/personal-finance/property-mortgages/revealed-how-many-secured-approval-for-mortgage-but-couldnt-find-a-home-to-buy-35995718.html http://www.independent.ie/incoming/article35941093.ece/81868/AUTOCROP/h342/page17_property.jpg Email A big gap has opened up between the numbers getting…
Scotland staff The Supreme Court of Gibraltar issued the bankruptcy order after hearing a petition that said Gregory King owed £6 millionBen Birchall/Press Association Archive A Scottish lawyer and former hedge fund manager linked to a fraud investigation has been declared bankrupt. Gregory King, from Glasgow and now a resident of Malaga, was accused by…
The Ahmedabad bench of the National Company Law Tribunal (NCLT) on Wednesday admitted an insolvency petition against Gujarat-based Essar Steel India Ltd., which has a total debt of more than Rs. 45,000 crore, out of which more than Rs. 32,000 crore had turned into Non Performing Assets (NPA). The NCLTs order paves the way for…