The Insolvency Service said in a statement that the personal spending was particularly disquieting. It said in a lengthy statement that Mr Abbott had accepted the disqualification and did not dispute that Reactiv Media had submitted three invoices totalling almost £340,000 to support a grant application for a tenth of that sum. These three invoices…
Coimbatore: The Chennai bench of the National Company Law Tribunal (NCLT) has initiated the corporate insolvency resolution process under the Insolvency and Bankruptcy Code (IBC) against a company based on a petition by an office assistant for non-payment of salary dues amounting to Rs 3.2 lakh. Pradeep M R, the office assistant, classified as an…
LONDON (AFP) – Bankrupt former tennis star Boris Becker on Wednesday (Jan 24) appealed for help in tracking down five missing Grand Slam trophies which he needs to sell to help pay off his debts. The German shook up the tennis world at Wimbledon in 1985 when, as an unseeded player, he became the then…
Image copyright Getty Images The number of personal insolvencies rose in Scotland in the last quarter of 2017, according to official figures. Accountant in Bankruptcy (AiB) reported 2,691 bankruptcies and protected trust deeds (PTDs) between October and December – a year-on-year rise of 2.1%. The number of bankruptcies fell by 4.2% to 1,089, while PTDs…
The cash-splashing director of a nuisance call biz has been struck off for 12 years after breaking telemarketing rules and trading while insolvent. Tony Abbott was the sole director of Reactiv Media, which used its large database of UK customers to make unsolicited direct marketing calls for a range of businesses. However, the biz went…
Boris Becker was declared bankrupt in June last year over a £3.3million debt The tennis star is said to have earned about £100million throughout his career Mr Becker and bankruptcy trustees are appealing for help finding his trophies The former Wimbledon great says he cannot remember where the items are By Julian Robinson for MailOnline…
The former sole director of a New South Wales-based motorhome converter business has been sentenced to 15 months home detention after a court found he took more than $165,000 in payments to build motorhomes that were never delivered. In a case brought by the NSW Office of Fair Trading, the former director admitted in Parramatta Local…
Bankrupt former billionaire Nathan Tinkler is embroiled in a family feud and has been charged with allegedly smashing a stained glass window at his sister’s house. The case was briefly mentioned in Port Macquarie Local Court on Wednesday, but Mr Tinkler did not appear. Former mining magnate Nathan Tinkler outside court on January 27. Photo: Daniel Munoz Police allege that…
Illustation: Sameer Pawar In early January, news of Anil Agarwal-backed Vedanta Resources emerging as a bidder for debt-laden Electrosteel Steels sent the latters stock soaring. While Vedanta wasnt the only bidderEdelweiss Asset Reconstruction Company, Tata Steel and Abhishek Dalmia-promoted Renaissance Steel were also in the fraythe process marked the beginning of proceedings under the Insolvency…
CHARGED: Former billionaire Nathan Tinkler has been charged by police for allegedly destroying property. BANKRUPT former billionaire Nathan Tinkler is embroiled in a family feud that has seen him charged with allegedly smashing a stained glass window at his sisters house. The case was briefly mentioned in Port Macquarie Local Court on Wednesday, but Mr Tinkler did not appear. Police allege…