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Category Archives: Bankruptcy

France’s Tapie must repay 404 mn euros over Adidas sale: court – Yahoo7 News

BankruptcyBy Insolvency GuardianMay 18, 2017

AFP on May 19, 2017, 12:05 am France’s Tapie must repay 404 mn euros over Adidas sale: court Paris (AFP) – French tycoon Bernard Tapie must repay the 404 million euros ($449 million) he received to settle his long-running dispute with the state over the sale of sports equipment maker Adidas, an appeals court ruled…

Rod Culleton asked to repay salary after being declared bankrupt and disqualified from Senate – International Business Times AU

BankruptcyBy Insolvency GuardianMay 17, 2017

The federal government requires former One Nation senator Rod Culleton to pay back $200,000-a-year salary he earned as a senator and the amount he spent for his staff along with other expenses after the High Court found he was not qualified to run for election. Culleton reportedly plans to take his case to the highest…

Commonwealth chasing former One Nation senator Rod Culleton to … – NEWS.com.au

BankruptcyBy Insolvency GuardianMay 16, 2017

The Commonwealth government is attempting to claw back thousands of taxpayer dollars paid to former One Nation senator Rod Culleton during his time in Parliament. Picture: Kym Smith FORMER One Nation senator Rod Culleton is vowing to fight the Commonwealth governments attempts to claw back thousands of taxpayer dollars he was paid during his time…

Former One Nation senator Rod Culleton required to pay back $200000 salary – ABC Online

BankruptcyBy Insolvency GuardianMay 16, 2017

He has been declared bankrupt, his political career lies in tatters, and now Rod Culleton is on the hook for hundreds of thousands of dollars to the Federal Government. A letter from the Finance Department advised him he was legally required to pay back his $200,000-a-year salary he earned as a senator, plus what…

Crowdfunded railway company Locomore files for insolvency – Global Rail News

BankruptcyBy Insolvency GuardianMay 16, 2017

Photo: Locomore. A crowdfunded German train operating company that began running services in 2016 has filed for insolvency. Locomore was launched as a low-cost alternative to DB but despite growth in its revenue- the venture has not become cost-effective. In a statement released on its website, a spokesperson for Locomore said (Translated from German): Both…

Retail Acquisitions declared insolvent – economia

BankruptcyBy Insolvency GuardianMay 16, 2017

News Jessica Fino 16 May 2017 04:39pm The former owner of BHS, Retail Acquisitions Limited (RAL), has been declared insolvent by the High Court of Justice, despite Dominic Chappells effo… Read the full article at: http://economia.icaew.com/news/may-2017/retail-acquisitions-declared-insolvent

Retail Acquisitions declared insolvent – economia

BankruptcyBy Insolvency GuardianMay 16, 2017

News Jessica Fino 16 May 2017 04:39pm The former owner of BHS, Retail Acquisitions Limited (RAL), has been declared insolvent by the High Court of Justice, despite Dominic Chappells effo… Read the full article at: http://economia.icaew.com/en/news/may-2017/retail-acquisitions-declared-insolvent

On 7 June Int’l Bank of Azerbaijan can be declared bankrupt – Azerbaijan Business Center

BankruptcyBy Insolvency GuardianMay 15, 2017

On 7 June Intl Bank of Azerbaijan can be declared bankrupt Baku, Fineko/abc.az. The International Bank of Azerbaijan (IBA) can be declared bankrupt on 7 June on American time. Precisely on this day the U.S. court will consider IBAs statement of claim on recognition of its bankruptcy and protection from creditors. The Bank estimated the…

Wayne Rooney racks up £500000 gambling debt in just two hours in lonely late night spree – Irish Mirror

BankruptcyBy Insolvency GuardianMay 15, 2017

Wayne Rooney lost £500,000 in a two hours late night gambling spree on his own at a casino. The Man United and England star ran up the bill on roulette and blackjack. One witness at Manchesters 235 Casino said: He was gambling a lot on red and seemed to be in his own world. Gambling-mad…

‘String of bankruptcies’ likely to follow after Watersun Homes hit the wall – Bendigo Advertiser

BankruptcyBy Insolvency GuardianMay 15, 2017

The money owed to Alma and Merso Halilagic by bankrupt builder Watersun Homes could have bought the couple a new Porsche Boxster. But they don’t have the luxury of being able to turn their backs on the $155,000 debt. “We have to pay for our materials,” said Mrs Halilagic who, with her husband, runs a…

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…1,7531,7541,7551,7561,757…
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