Why are local authorities going ‘bankrupt’? – Commons Library
Why are local authorities going ‘bankrupt’? Commons Library Read the original article here
Former Sargon Capital founder Phillip Kingston sold ute, golf membership before being declared bankrupt, court documents show
Nicole Tyson, counsel for Kingston’s trustee in bankruptcy, told the Federal Court last week that Kingston had further bank accounts and, potentially, assets in Hong Kong that required investigations to learn more about his financial position. The court heard the $151 million provided to the Sargon-associated company by the Chinese financier appeared to have been…
Warning to avoid unlicensed insolvency advisers – Daily Business
David Meldrum: warning Company directors are being urged to avoid engaging rogue unlicensed insolvency advisers or risk severe financial penalties, being struck off as a director or at worst, a prison sentence, warns an accountancy firm. “It is very concerning that some directors are engaging the services of unlicensed advisers, often in the belief that…
Signa, co-owner of Chrysler Building, files for bankruptcy
Property and retail giant Signa declared insolvency on Wednesday after last-ditch attempts to secure fresh funding failed, making it the biggest casualty so far of Europe’s property crash. Controlled by Austrian magnate Rene Benko, the group is an owner of New York’s Chrysler Building as well as several high-profile projects and department stores across Germany, Austria and…
EV charging firm Tritium appoints administrators – Energy Source & Distribution
EV charging firm Tritium appoints administrators Energy Source & Distribution Read the original article here
After Just for Laughs’ bankruptcy, we should ask Canadian comedians what they need to succeed
It’s still not clear how Juste Pour Rire / Just for Laughs (JPR/JFL) went from one of the biggest comedy festivals in the world to bankruptcy. On April 12, La Presse reported the festival lost $800,000 in an email phishing scheme in 2023. This is just the latest detail emerging after Groupe Juste pour rire…
China ready to let some troubled property firms go bust: housing minister
China’s property sector has been grappling with a liquidity crisis since mid-2021, with major developers defaulting on or delaying debt payments following a regulatory crackdown on high leverage. 04:49 Anger mounts as China’s property debt crisis leaves flats unfinished Anger mounts as China’s property debt crisis leaves flats unfinished Industry giant China Evergrande Group was…
Model and TV presenter Katie Price declared bankrupt for second time over unpaid tax bill of $1.5m
Model and TV presenter Katie Price has been declared bankrupt for the second time, a court heard today. Price was married to Australian singer Peter Andre between 2005 and 2009 and they have two children together. The UK glamour model, 45, who was not in court to hear her fate, has an unpaid tax bill…
Scotch & Soda in bankruptcy again in Europe
A year after its relaunch, Scotch & Soda is once again in bankruptcy. Shops will remain open, however, and the brand is expected to resume trading under new ownership within two weeks. Already a new candidate The European part of Dutch fashion brand Scotch & Soda has been declared bankrupt. The news comes just one…
Katie Price declared bankrupt for second time
Former glamour model Katie Price has been declared bankrupt for a second time over an unpaid tax bill of more than £750,000. Ms Price, who was previously declared bankrupt in 2019, owes £761,994.05 to HM Revenue and Customs (HMRC), a court was told on Monday. At a short hearing at London’s Rolls Building, Insolvency and…