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…

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…