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…
Tony Abbott, 44, wedded Stephanie Bell during an opulent celebration Believed he spent £100,000 on nuptials and £40,000 on her wedding ring His debt-ridden cold calling firm Reactiv Media has gone into liquidation Company was fined £75,000 by ICO after complaints about unsolicited calls By Alex Matthews For Mailonline Published: 01:44 EST, 2 May 2016 | Updated:…
The interior of a room at Stiletto Bordello. Photo: Fiona Lee Quimby Sex sells, the tax bills suggest. The Australian Tax Office has pursued Sydney madam Jamelie Lahood for $16 million in income tax, interest and penalties. Ms Lahood was said to have owed nearly $2 million during some years as she ran Stiletto, one of…
The upswing was the first increase since Q1 2014, and was mainly driven by an increase in compulsory liquidations, which were at the highest level since Q1 2015. A total of 804 companies were subject to a compulsory winding-up order in Q1 2016, a 36% increase on the previous quarter but 11.5% lower than Q1…
MORE companies went into insolvency in the first three months of 2016 at 3,694 than they did in the final quarter of 2015 but still some 3.6% below the same period in 2015, the latest figures from the Insolvency Service reveal. The 5.4% rise marked the first uptick since Q1 2014, primarily caused by a big…
The amount UK consumers owe on loans and credit cards grew by £1.9bn in March, the highest figure in 11 years driven by a sharp rise in spending on plastic. Bank of England figures show outstanding borrowing on credit cards increased by £635m over the month, compared with an average increase of £400m over the…
The number of people going into a type of personal insolvency known as “bankruptcy light” increased during the first three months of 2016, official figures show. The Insolvency Service said 6,722 debt relief orders (DROs) were taken out between January and March across England and Wales – marking a 3.4% increase compared with the previous…
Reforms to Australian corporate insolvency law are in the wind. Various pressures periodically emerge that generate calls for reform of the law of directors duties. However, many in the company director fraternity would claim that the century-long creep in raising the liability of directors has extended too far. One argument is that the law erodes…
The Insolvency Service will publish figures showing the number of people going insolvent between January and March. The number of people going into a type of personal insolvency known as “bankruptcy light” is expected to have increased during the first three months of 2016 in official figures released on Friday. The Insolvency Service will publish…