The first insolvency case under the new bankruptcy code was filed last month, more than two years after the idea of the code was floated in the first budget of the National Democratic Alliance government led by Prime Minister Narendra Modi in 2014. The case under the new Insolvency and Bankruptcy Code, 2016, was filed…
The National Company Law Tribunal (NCLT) at Hyderabad has accepted the insolvency petition of Synergies Dooray Automotive Ltd, from which Ford used to source automobile components. This was the first such case filed at any of the NCLT benches under the new insolvency code. Also, one of the earliest cases accepted from the…
Former senator Rod Culleton’s appeal against his bankruptcy declaration is set to return to a Perth court on Friday for a full hearing before three judges. The former One Nation member-turned independent was declared an undischarged bankrupt on December 23 but denies he is insolvent and secured a one-week extension to a 21-day stay on…
Recent Bank of England figures have shown a strong growth in consumer credit, prompting charities to warn the figures should be ringing “alarm bells” The number of people whose financial situation deteriorated so badly that they became insolvent is expected to have increased year on year in 2016 in official figures released on Friday. Restructuring…
The number of people whose financial situation deteriorated so badly that they became insolvent is expected to have increased year on year in 2016 in official figures released on Friday. Restructuring firm RSM said it expected to see around 90,000 people having entered personal insolvency in England and Wales across 2016, which would be an…
According to its own data, TDX said the average level of unsecured debt included in an IVA fell from £48,115 in 2008 to £23,879 in 2016 a drop of more than £24,000. TDX said this decrease could be due to lower levels of unsecured lending after the credit crunch in 2008, which could reflect retail…
Get daily under-the-radar research with StreetInsider.com’s Stealth Growth Insider Get your 2-Wk Free Trial here. Endo International plc (NASDAQ: ENDP) announced today that as part of its comprehensive organizational review, it has initiated a restructuring program. These restructuring actions primarily relate to the Company’s Corporate functions and Branded pharmaceutical R&D functions in Malvern, PA and…
Last year, Gail Porter underwent life-changing breast reduction surgery and admitted she felt better than ever. It looked like things were on the up for the former Top Of The Pops presenter, after difficult years battling depression. But now, the 45 year old has been declared bankrupt after failing to pay her debts. Read More…
By Daily Mail Published: 11:57 +11:00, 26 January 2017 | Updated: 11:57 +11:00, 26 January 2017 e-mail View comments Eighteen years ago, at the height of her fame, Gail Porter was quite literally one of the biggest stars in Britain. With a 100 ft image of her bare bottom projected onto the Houses of Parliament,…
Nathan Tinkler, who was declared bankrupt last March, arrives at the Federal Court in Brisbane today to apply for permission to be allowed to leave the country. BANKRUPT former billionaire Nathan Tinkler is locked in a legal stoush over whether he can travel to New York for a job interview and to Hawaii to catch…