Article content Retail and insolvency experts expect Hudson’s Bay will close some of its stores as it restructures through creditor protection. Article content While the department store chain dating back to 1670 hasn’t announced plans to shutter locations, Insolvency Insider newsletter editor Dina Kovacevic says it’s not unusual for retailers under creditor protection to take…
Darts star fears losing home after being made bankrupt over £500k tax bill The Mirror Read the original article here
Sometime last year, we walked into a small office in Nairobi, facing an all too familiar situation, another business in distress. A once-thriving fintech company had officially gone into administration. Despite the best efforts of its directors, a tough economy, regulatory challenges, and dwindling investor confidence left no option but to bring in insolvency practitioners…
Ex-darts star Mervyn King has been declared bankrupt after owing HMRC ‘north of £500,000’. The 58-year-old reached the BDO World Championship final at Lakeside in 2002 and 2004 but failed to get his hands on the top prize after losing to Tony David and Andy Fordham respectively. King was made insolvent during a trip to…
In a recent ruling, the National Company Law Appellate Tribunal (NCLAT) has dismissed an appeal filed by Santoshi Finlease Private Limited, upholding a penalty of ₹10 lakh imposed by the National Company Law Tribunal (NCLT) for filing a malicious and fraudulent insolvency petition under Section 7 of the Insolvency and Bankruptcy Code (IBC), 2016. The…
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Former darts player Mervyn King is resigned to losing his home after being declared bankrupt. King, who was once ranked fourth in the PDC order of merit, was made insolvent at the High Court of Justice in London last Tuesday. 3 King owes HMRC over £500,000Credit: Getty The 58-year-old’s financial troubles stem from him believing…
Today I was looking at the Reporter’s “Men At Work” special supplement that ran the last week in February of this year. This special honors men in the workplace, their expertise and leadership in the world of business. As I reviewed each business, I thought about the hard-work, dedication and sacrifice that went into building these…
Mervyn King, a two-time finalist at the Lakeside World Championship, fears he will lose his home and struggle to care for his three dogs after he was officially declared bankrupt. The 58-year-old darts veteran says he has accumulated a tax debt of more than £500,000 with the British Revenue and Customs (HMRC). King admits he…