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…
By: Reuters | New Delhi | Updated: May 2, 2016 8:57 am The government plans to repeal an ineffectual, century-old insolvency law and amend 11 laws currently dealing with defaulters. Indias Insolvency and Bankruptcy Code, which may soon win parliamentary approval, would significantly strengthen the hand of banks in resolving a $100 billion bad loan…
Bendigo businesses are largely responsible for a drop in the number of regional Victorians to enter insolvency this year. Data from the Australian Financial Security Authority the federal body that oversees personal insolvencies shows no one in Bendigo entered a business-related insolvency in the March quarter. Nine proprietors entered insolvency in the previous three-month period. Overall, 38.2% less regional debtors entered a business-related personal…
Video will begin in 5 seconds. More video Recommended Replay video Lucas Neill declared bankrupt Former Socceroos skipper Lucas Neill has been declared bankrupt in the UK with administrators called to investigate his affairs. PT0M28S 620 349 Former Socceroos skipper Lucas Neill has been declared bankrupt in Britain, with an investigation called. Neill, 38, is thought to…
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…
The Government has less than six weeks to ascertain if the contentious 29 million sale and closure of Clerys last year involved any breaches of employment-protection laws. The closure resulted in the immediate loss of 460 jobs. An officer has been appointed by the Department of Jobs, Enterprise and Innovation to examine if the process…
Administrators have been appointed after former Socceroos captain Lucas Neill was declared bankrupt in the UK. Neill, who is believed to have earned about $40 milliion playing in England for 15 years, was declared bankrupt in January. London-based Insolvency experts Begbies Traynor were appointed trustees to the bankruptcy last week. “Mr Neill is…
Socceroos captain Lucas Neill has delivered an almighty spray to fans who booed him as he was leaving the Allianz Stadium pitch. Former Socceroos captain Lucas Neill has been declared bankrupt in the UK. THE fall from grace of former Socceroos captain Lucas Neill has quickened with the appointment of administrators in London to investigate…
The Ghana Association of Restructuring and Insolvency Advisors (GARIA) has called for the speedy passage of the Corporate Insolvency Bill which is currently before Cabinet into law, to prevent companies from premature liquidation. The Association is of the belief that an effective law on corporate insolvency would enable companies to fall on options to recuperate…
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…