Category Archives: Bankruptcy

Ipswich seventh highest personal insolvency rate in England in 2015 – Ipswich Star

07:00 27 July 2016 Gemma Mitchell According to figures released by The Insolvency Service, more than 400 people declared insolvency in Ipswich last year. Ipswich had the seventh highest personal insolvency rate in the country in 2015 with hundreds of people unable to pay their debts. … Read the full article at: http://www.ipswichstar.co.uk/news/ipswich_seventh_highest_personal_insolvency_rate_in_england_in_2015_1_4632823

Personal insolvency in regional Australia is growing – finder.com.au

NT reports highest gains but Darwin sees biggest reduction in debtors. Areas of regional Australia have recorded significant increases in the number of individuals entering into personal and business-related insolvency. The Australian Financial Security Authority (AFSA) has released regional personal insolvency statistics for the June quarter 2016. There was an 11% nationwide increase in the…

Italian Court Declares Benelli as Bankrupt; Company Argues … – NDTVAuto.com

In a twisted case of impending debt, the Italian court in Pesaro declared motorcycle maker Benelli as bankrupt in a ruling after the company failed to settle its dues with a component maker. The court order was made despite the fact that the bike maker offered to pay his debt to the company and claimed…

Benelli declared ‘bankrupt’ by Italian court – MotorbikeTimes

Benelli were declared bankrupt despite the company’s insistence it isn’t Related stories Tuesday, 26, Jul 2016 10:57 by Joe Jeffrey Court declares manufacturer bankrupt despite company’s insistence they’re not An Italian court has taken the step of declaring motorcycle manufacturer Benelli bankrupt in a ruling which followed the company failing to pay a debt to…

Bengali declared ‘bankrupt’ by Italian court – MotorbikeTimes – MotorbikeTimes

Benelli were declared bankrupt despite the company’s insistence it isn’t Tuesday, 26, Jul 2016 10:57 by Joe Jeffrey Court declares manufacturer bankrupt despite company’s insistence they’re not An Italian court has taken the step of declaring motorcycle manufacturer Benelli bankrupt in a ruling which followed the company failing to pay a debt to components manufacturer,…

Mining boom hangover bites as WA leads country in insolvency increases – WAtoday

It is not just the Barnett government going broke in west. The hangover from the mining boom appears to be biting West Australians and local businesses, with the state recording the biggest increase in personal and business insolvencies across Australia for June. The end of the mining boom has meant doom for many West Australians. Photo: Simon…

Pyramid scheme fraudster declared bankrupt – The Times (subscription)

Aodhan OFaolain Breifne O’Brien convinced people to invest millions of euros in bogus dealsMARK STEDMAN/ROLLINGNEWS Breifne OBrien, the convicted fraudster, has been declared bankrupt by the High Court. The former businessman was given a seven year prison sentence in 2014, which he is currently serving, for convincing people to give him millions of euros for…

BHS schemes ‘weakened’ by management prior to company insolvency – IPE.com

UK parliamentarians have criticised as wholly inadequate attempts by the former owner of retailer BHS to address the companys pension deficit and called for significant contributions to address the schemes underfunding. Philip Green was the focus of the parliamentary investigation into the retailers insolvency earlier this year, which followed Greens sale of BHS to Retail…

Former Businessman Breifne O’Brien declared bankrupt – RTE.ie

The High Court has adjudicated convicted fraudster Breifne O’Brien as being a bankrupt. In 2014 the former businessman was given a seven year prison sentence, which he is currently serving, for inducing others to advance millions of euro to him for investment in bogus property deals.  O’Brien with an address at Monkstown Grove, Monkstown, Co…

Russian oligarch boris berezovsky’s estate ‘hopelessly insolvent’ – Daily Mail

By Press Association Published: 20:23 EST, 25 July 2016 | Updated: 20:23 EST, 25 July 2016 The estate of the late Russian oligarch Boris Berezovsky is “hopelessly insolvent” a High Court judge has said. Mr Justice Arnold says about £34 million remains in the estate but creditors’ claims run into hundreds of millions of pounds.…