The government has ordered the insolvency watchdog to launch an immediate investigation into the circumstances surrounding BHSs slump into administration. The business secretary, Sajid Javid, instructed the Insolvency Service to consider the extent to which the conduct of the directors of BHS led to its collapse into insolvency last week, putting 11,000 jobs at risk.…
The head office of collapsed Corporate Commercial Bank (KTB) in Sofia. The receivers of insolvent Corporate Commercial Bank (Corpbank or KTB) have made public a report tracking the assets of Bulgarias fourth-largest lender. An English-language version of the final report, prepared by UK-based consultancy AlixPartners in September 2015, had been initially submitted to Parliaments Secret…
The OKD hard coal company, belonging to New World Resources which is in controlled by the by the so-called Ad Hoc Group, filed for insolvency on Tuesday; the move had been expected after the government made clear last week it would not step in to help the long-ailing firm. The company issued a statement that…
2nd May, 2016, 9:55 PM By Tom Tibble Former West Ham star Lucas Neill has been declared bankrupt in the UK despite earning an estimated £27million in his career, according to a report. The retired Australian defender spent half of that high-level playing-career in the Premier League, amassing 96 international caps, and represented West…
By Reuters Published: 01:50 EST, 3 May 2016 | Updated: 01:50 EST, 3 May 2016 PRAGUE, May 2 (Reuters) – New World Resources’ (NWR) loss-making coal mining division OKD will have to file for insolvency unless the government can agree a deal with its owners to take the company over at a lower price, Czech…
©Bloomberg Alejandro Garcia Padilla, governor of Puerto Rico, is seen giving a speech on a television screen in a bar in San Juan Puerto Rico is set to suffer a crippling default on Monday after the islands governor ordered a moratorium on debt payments due by its de facto finance authority as its fiscal and…
NEW DELHI: While it has taken the Ethics Committee of Parliament to recommend disqualification of absconding liquor baron Vijay Mallya, a new law may soon automatically disqualify a bankrupt person from becoming even a lawmaker. The Joint Committee of Insolvency and Bankruptcy Bill headed by BJP MP Bhupender Yadav has recommended several disqualifications including from…
East Cleveland safety workers have long been forced to do more with less. Now, they face the prospect of a bankrupt city.File photo Facing yet another sloppy recall effort, East Cleveland Mayor Gary Norton summed up the faded prospects of his city in a brief conversation Friday afternoon: “Voters can throw the bums out if…
Sydney madam Jamelie Lahood pursued over tax bills The interior of a room at Stiletto Bordello. Photo: Fiona Lee Quimby The interior of a room at Stiletto Bordello. Ms Lahood is said to owe the NSW government more than $190,000 in unpaid land tax. Photo: Fiona Lee Quimby Preparation to clean a room after the…