The number of people whose financial situation deteriorated so badly that they became insolvent is expected to have increased year on year in 2016 in official figures released on Friday. Restructuring firm RSM said it expected to see around 90,000 people having entered personal insolvency in England and Wales across 2016, which would be an…
According to its own data, TDX said the average level of unsecured debt included in an IVA fell from £48,115 in 2008 to £23,879 in 2016 a drop of more than £24,000. TDX said this decrease could be due to lower levels of unsecured lending after the credit crunch in 2008, which could reflect retail…
Get daily under-the-radar research with StreetInsider.com’s Stealth Growth Insider Get your 2-Wk Free Trial here. Endo International plc (NASDAQ: ENDP) announced today that as part of its comprehensive organizational review, it has initiated a restructuring program. These restructuring actions primarily relate to the Company’s Corporate functions and Branded pharmaceutical R&D functions in Malvern, PA and…
Last year, Gail Porter underwent life-changing breast reduction surgery and admitted she felt better than ever. It looked like things were on the up for the former Top Of The Pops presenter, after difficult years battling depression. But now, the 45 year old has been declared bankrupt after failing to pay her debts. Read More…
By Daily Mail Published: 11:57 +11:00, 26 January 2017 | Updated: 11:57 +11:00, 26 January 2017 e-mail View comments Eighteen years ago, at the height of her fame, Gail Porter was quite literally one of the biggest stars in Britain. With a 100 ft image of her bare bottom projected onto the Houses of Parliament,…
Nathan Tinkler, who was declared bankrupt last March, arrives at the Federal Court in Brisbane today to apply for permission to be allowed to leave the country. BANKRUPT former billionaire Nathan Tinkler is locked in a legal stoush over whether he can travel to New York for a job interview and to Hawaii to catch…
Joint administrators were formally appointed by the Court today, Wednesday the 25th of January 2017 As insolvency agents, it is their task to try to sell the assets and goodwill of the business for the benefit of the creditors of the company. Should any parties be interested in purchasing the intellectual property rights of the…
Proceedings are set to be opened at the district court of Montabaur after the application was filed on 21 January 2017. With some 70 employees, FWT energy has been manufacturing and selling 2MW, 2.5MW and 3 MW onshore wind turbines since 2013. Recent business included supply to a 51MW project in Kalmykia, southern…
Acting chief executive of Bus Éireann Ray Hernan has told the Oireachtas transport committee that drastic and decisive action is needed to resolve the financial crisis at the company. Mr Hernan said that to do nothing would result in the company, not just Expressway, going out of business. He said there was an “immediate risk of…
KUALA LUMPUR, Jan 24 A subsidiary of the Federal Land Development Authority (Felda), which is now bankrupt, lost RM155 million in just over two years of operations, Opposition lawmaker Rafizi Ramli alleged today. The PKR MP for Pandan said Felda Wellness Corporation (FWC) was declared bankrupt by a Malaysian court last year over unpaid debts…