Some 499 people were declared bankrupt in 2015 – a 760pc rise on just two years previously. The figures were contained in the Insolvency Service of Ireland (ISI) annual report, which was laid before the Oireachtas yesterday. The Irish Mortgage Holders Organisation said it believed at least 80pc of the bankruptcy cases would have involved…
Former Billabong boss Matthew Perrin has admitted he regularly signed his wife’s name on legal documents. The former CEO is on trial in the Brisbane District Court for fraud and forgery after he allegedly faked his wife’s signature on bank documents in 2008. Play Video Don’t Play Unexpected employment result Play Video Don’t Play Video…
A new report has found almost 2,000 debtors were helped by the Insolvency Service of Ireland (ISI) last year. That figure is an increase of 70% on the numbers helped in 2014. The ISI says it helped return them to solvency and secure permanent debt solutions. During 2015, the ISI received 2,028 applications, 1,371 protective…
A transport company and milk processors Warrnambool Cheese and Butter (WCB) and Tatura Milk are among unsecured creditors, owed money by failed Victorian broker, National Dairy Products. NDP administrators have told unsecured creditors they could expect as little as five cents in the dollar, under a deed of company arrangement (DOCA). In a letter to…
Vocus-owned telecommunications provider Primus Telecoms is owed $51,000 by failed retailer Payless Shoes, which is being liquidated with the loss of up to 730 jobs. Phone and data provider Primus is not the only tech company facing a haircut from the insolvency human resources software vendor HR3 is owed $29,000, solution provider Fusion5 Business Solutions…
A CLUB with about 1,000 members has sent shockwaves through a Hampshire community by closing its doors after more than 60 years. The Waterside Sports and Social Club, originally set up for staff at Fawley refinery in the early 1950s, has folded following the failure of a financial rescue plan. Based in an old cinema…
Dec 14 Ukraine’s largest lender, Privatbank, said on Wednesday that reports it will be nationalised were attempts to create panic and destabilise the political situation in the country. Local media has speculated that Privatbank, which is part-owned by billionaire Ihor Kolomoisky, could be privatised if it does not meet a year-end deadline for Ukraine banks…
By Reuters Published: 03:20 +11:00, 15 December 2016 | Updated: 03:20 +11:00, 15 December 2016 e-mail KIEV, Dec 14 (Reuters) – Ukraine’s largest lender, Privatbank, said on Wednesday that reports it will be nationalised were attempts to create panic and destabilise the political situation in the country. Local media has speculated that Privatbank, which is…
A CLUB with about 1,000 members has sent shockwaves through a Hampshire community by closing its doors after more than 60 years. The Waterside Sports and Social Club, originally set up for staff at Fawley refinery in the early 1950s, has folded following the failure of a financial rescue plan. Based in an old cinema…
He had called himself Frank Divido. It was under that name prosecutors said Frank John Fischetti, 54, befriended a printing shop owner and began to fabricate an image of wealth and business acumen, at one stage helped by a fake contract for a $3.19 million boat he scanned there. The shop owner went on to transfer $195,000 in four transactions…