NEW DELHI: The government has begun work on laying down a process for individuals to be declared bankrupt, which will help them deal with a financial crisis rather than be bogged down by it. The rules being framed will help a defaulter repay the money in a structured way, and not be forced to cough…
Former Blackburn Rovers, Birmingham City and Rangers midfielder Barry Ferguson has been declared bankrupt with debts of more than £1.4million. The Daily Record has revealed the ex-Scotland captain was declared insolvent after failing to settle large bills thought to be owed to the taxman. He is one of a number of former Ibrox stars who…
Essar Steel on Monday sought dismissal of an application for insolvency proceedings filed against it by lead creditor State Bank of India (SBI) on “technical grounds” at the National Company Law Tribunal (NCLT), Ahmedabad bench. The ongoing hearing of insolvency proceedings against Essar Steel initiated by SBI and Standard Chartered Bank (SCB) at…
FORMER Rangers star Barry Ferguson has been made bankrupt with debts of more than £1.4 million. Keep up to date with all our sport news on The Scotsmans Sport page on Facebook The ex-Scotland captain was declared insolvent after failing to settle large bills thought to be owed to the taxman. He is one of…
FORMER Rangers star Barry Ferguson has been made bankrupt with debts of more than £1.4 million. The ex-Scotland captain was declared insolvent after failing to settle large bills thought to be owed to the taxman. He is one of a number of former Ibrox stars who faced paying back money they had received in Employee…
BARRY BANKRUPT The ex-Scotland captain was declared insolvent after failing to settle large bills thought to be owed to the taxman FORMER Rangers star Barry Ferguson has been made bankrupt with debts of more than £1.4million. The ex-Scotland captain was declared insolvent after failing to settle large bills thought to be owed to the taxman.…
NEW DELHI: The government has begun work on laying down a process for individuals to be declared bankrupt, which will help them deal with a financial crisis rather than be bogged down by it. The rules being framed will help a defaulter repay the money in a structured way, and not be forced to cough…
Lemuel Page An embattled developer and fraudster avoided plummeting into bankruptcy after claiming he only had $200 in his bank account and couldn’t repay the $17 million he owed to former friends and associates. Despite his cries of crippling financial stress, Lemuel Page, 48, is still spotted driving around the Hunter in a luxury Mercedes 4WD and Porsche convertible, both worth…
A taskforce of federal government agencies is used shared intelligence to uncover potential phoenix operators and rogue pre-insolvency advisers, but the business community will still have to wait to see whether phoenix prevention tools like director identification number (DINs) ever make their way into legislation. On Monday ASIC commissioner John Price told Fairfax that phoenix advice passed…
Can defaulting companies take shelter under the ongoing insolvency proceedings to stop creditors from taking away assets provided as security? Kolkata High Court has allowed a creditor to take away equipment financed by it from the possessions of defaulting steel company, Ramsarup Industries, which has applied under the Insolvency and Bankruptcy Code. The judgement would…