Alberta has seen an 18.5% spike in personal insolvency over this last year. Thats according to Zaki Alam, a Senior VP with MNP Limited, where he specializes in consumer and corporate insolvency. Alam says a series of lay-offs in the oil-patch is much to blame, but the downturn in the price of oil has had…
Clive Palmer’s nickel refinery outside Townsville. Photo: Glenn Hunt Clive Palmer has retaken control of his troubled Yabulu nickel refinery sidelining the administrator after disclosing conditional funding had been arranged to avoid its closure. On Monday the business obtained $23 million which has been secured against assets in other parts of the Palmer empire, which are believed to include personal assets. The voluntary…
Programmer Louis Kidd will almost certainly escape scot free By Robert Mendick, Chief Reporter 6:38PM GMT 05 Mar 2016 Follow He calls himself moosey_man on dating websites and describes himself as a hopeless romantic, who enjoys playing…
File photo of Watson Nyambek conducting a clinic for students of SMK Agama Igan in Mukah, Sarawak last year. He has been declared a bankrupt for failing to settle a bank loan. Picture courtesy of Watson NyambekKUCHING, March 5 Several Sarawak Barisan Nasional (BN) leaders, including the state chief minister, have promised to help insolvent…
Tallahassee teens will deliver clean water to Flint Subscribe today for full access on your desktop, tablet, and mobile device. Subscribe Now Share This Story! Let friends in your social network know what you are reading about Tallahassee teens will deliver clean water to Flint High-schoolers aim to help Flint residents by collecting cases of…
Ex-RTÉ star, Sarah Newman, was due to be questioned about Irish debts UK bankruptcy means temporary stop to Irish accounts being checked Former dot.com millionaire and then partner agreed to pay £7.4m in 2011 Allied Irish Banks now claim she still owes them more than £4.6million By Paul Caffrey For Irish Daily Mail Published: 01:47…
Related Story: ASIC begins proceedings against ANZ for alleged rate fixing Two high-profile Darwin developers Kerry and Dean Osborne have been declared bankrupt after a legal stoush with another Top End business tycoon. Centroid and Trepang Services, two companies associated with developer John “Foxy” Robinson, took Osborne Family Holdings to court…
Media captionBarclays chief executive Jes Staley says the restructured bank will be simpler Barclays shares closed down 7% after reporting a drop in full-year profits, a dividend cut and a restructuring including reducing its stake in Africa. Underlying annual profits for 2015 fell 2% to £5.4bn. The bank said it would cut its dividend by…
Former Dragons Den star Sarah Newman has been declared bankrupt in the UK, the Commercial Court heard on Thursday. Efforts by AIB to execute a 9million judgment against Ms Newman and her former partner, hurling legend DJ Carey were heard at the Dublin hearing. But in light of the bankruptcy, the banks James Doherty said…
Five years ago, Newcastle electrician-turned-mining magnate Nathan Tinkler was Australias youngest billionaire. This week, he marked his 40th birthday by being declared bankrupt after GE Commercial took him to court over a $2.8 million disputed debt following the sale of his personal jet. A sequestration order was issued against Tinkler on February 9, and the…