Deepak Premnarayen, Nov 14, 2016, Being bankrupt is a state of inability to repay debts to creditors. The current legal and institutional framework does not aid lenders in effective and timely recovery, or restructuring of defaulted assets, causing undue strain on the credit system. At present, there are multiple overlapping laws and adjucating forums dealing…
Adelaide Friday November 04, 2016 More than 150 unsecured creditors of former senator Bob Day’s failed building company in South Australia will not be paid the money they are owed after the businessman left his companies to “run themselves” when he entered politics. Watson hands back Brownlow medal … Read the full article at: http://indaily.com.au/news/local/2016/11/04/bob-days-sa-creditors-will-lose-millions-liquidator/
Woodall owed annual maintenance payments of £24,000 plus £1.4 million But husband was declared bankrupt before divorce settlement was agreed Earlier this year the settlement was invalidated by another judge Creditors are now chasing makeover stars for debt her husband owed By Jonathan Petre for The Mail on Sunday Published: 09:06 +11:00, 13 November 2016 |…
UK: Working-class families in record levels of debt By Joe Mount 12 November 2016 New figures reveal that household debt in Britain has reached the record level of £1.5 trillion after growing by 3.5 percent since last year, according to the Bank of England. This is equivalent to 82 percent of the value of…
A FORMER chairman of the Wye Valley NHS Trust resigned after being made bankrupt earlier in the year, it has been revealed. Museji Takolia stepped down as the chairman of the trust which runs hospitals in the county last month. The Individual Insolvency Register shows that Mr Takolia was declared bankrupt in July of this…
Changes to bankruptcy rules have sparked a boom in the number of people declaring themselves bankrupt, government figures suggest. Some 24,251 people were declared insolvent throughout July, August and September in England and Wales, according to new figures from the Insolvency Service, which cov Changes to bankruptcy rules have sparked a boom in the number…
Prime Minister Malcolm Turnbull told 3AW his government is working on a plan to cancel the passports of convicted paedophiles. Picture: Kym Smith CONVICTED Australian paedophiles will have their passports cancelled in a federal government crackdown to prevent offenders travelling overseas and targeting vulnerable children, according to prime minister Malcolm Turnbull. In the past year,…
The federal government will develop ways to stop convicted pedophiles travelling overseas to sexually assault vulnerable children. “What we’re talking about is some of the worst grubs you can imagine, they’re a disgrace to Australia,” Prime Minister Malcolm Turnbull told Neil Mitchell on 3AW radio on Friday. In supporting an idea raised by Senator Derryn…
Prime Minister Malcolm Turnbull told 3AW his government is working on a plan to cancel the passports of convicted paedophiles. Picture: Kym Smith CONVICTED Australian paedophiles will have their passports cancelled in a federal government crackdown to prevent offenders travelling overseas and targeting vulnerable children, according to prime minister Malcolm Turnbull. In the past year,…
(Adds background) Nov 10 Czech coal miner OKD, which is under insolvency proceedings, has filed a lawsuit against its owner New World Resources (NWR) and former NWR co-owner Zdenek Bakala demanding payment of 24.5 billion crowns ($987 million). An OKD spokesman said the lawsuit was filed with the regional court in the Czech Republic city…