Former Billabong boss Matthew Perrin faked his ex-wife’s signature on mortgage documents to use the family home in a $13.5 million fraud, a court has been told. He allegedly used the “large and substantial” property at Surfers Paradise as security for credit from the Commonwealth Bank behind his then-wife’s back. Matthew Perrin is facing nine…
Updated Dec. 11, 2016 10:46 p.m. ET Should repayment of student loans be a family affair? Thats a question many baby-boomer parents are wrestling with as they watch their young-adult children struggle to pay off college debt in an era of sluggish wage growth and high rents. Parents increasingly are expressing a desire to help.…
According to Karotsakis more than 8,600 persons have been removed from the bankruptcy record with the aim of re-integrating them into economic activity. FAMAGUSTA GAZETTE CYPRUS The Insolvency Service has managed to secure fifty six debt release orders (DRO) for debtors who were unable to repay dues of up to…
The New Insolvency and Bankruptcy Code, 2016 stipulates the maximum time to be taken to liquidate a company to 180 days with an one time extension of 90 days, while earlier it used to take at least four years for the same. With the new law, arises the new opportunities for youth in the form…
File photo of dissident Kazakh oligarch Mukhtar Ablyazov in Almaty Thomson Reuters PARIS (Reuters) – France’s highest administrative court on Friday canceled an extradition order to send jailed Kazakh tycoon Mukhtar Ablyazov to Russia on the grounds that the request was made for political reasons. Ablyazov, who was arrested in France in 2013, is accused…
SCOTTISH Green Party MSP Andy Wightman last night confirmed he has been told by lawyers that he is to be sued for defamation with £750,000 damages sought. The National can reveal the claims relate to posts on his popular personal blog www.andywightman.com, and the MSP and author a long-term campaigner on land and property issues…
PARIS (Reuters) Frances highest administrative court on Friday cancelled an extradition order to send jailed Kazakh tycoon Mukhtar Ablyazov to Russia on the grounds that the request was made for political reasons. Ablyazov, who was arrested in France in 2013, is accused of embezzling up to $6 billion (£4.7 billion) from his former bank BTA.…
KUALA LUMPUR (Dec 9): Perisai Petroleum Teknologi Bhd, which declared it was insolvent in October after failing to meet bond obligations, is in dispute with its shareholder Emas Offshore Ltd (EOL) over the disposal of a 51% stake in SJR Marine (L) Ltd to EOL. Through several bourse filings today, Perisai said it has the…
Zurich-based ATC communications business Schmid Telecom AG has been declared bankrupt after the administrator appointed as part of ongoing insolvency proceedings suspected its owner Peter Schmid of siphoning off money meant for the ailing business creditors. In a judgement dated 27 September issued by the Zurich District Court, administrator Rolf Schuler detailed a catalogue of…
HYDERABAD: The Institute of Company Secretaries of India (ICSI) has stepped up efforts to train and produce insolvency practitioners citing that the sector has huge need of professionals.ICSI has set up Insolvency Professional Agency to train insolvency professionals as there is huge need for professional in this sector and there is also huge growth potential.…