By Chris Robertson, news reporter German tennis legend Boris Becker is auctioning off items from his illustrious career to pay off the debts he owes after being declared bankrupt two years ago. The 82 items include trophies from his illustrious career, shoes and clothes that he wore on the court, and even a watch gifted…
Fortress Investment Group is buying bitcoin (BTC) claims from Mt. Gox creditors, according to a report by CoinDesk on July 8. The Japan-based cryptocurrency exchange Mt. Gox filed for bankruptcy in 2014 after losing $473 million worth of bitcoin at the time due to an apparent hack. Bitcoin reportedly experienced a subsequent decline in value,…
JUMP! Swim Schools has been dealt another blow with franchisor Jump Loops Pty Ltd placed in court appointed liquidation. The Jump Loops liquidation announcement comes just weeks after alternate franchise entity Jump Swim Schools Services Pty Ltd suffered a similar fate. At a Federal Court hearing on Friday, Registrar Claire Gitsham ordered that Jump Loops…
SHOCKING photographs reveal the state of the abandoned “luxury” villas which Ant McPartlin and Dec Donnelly lost millions of pounds on. The TV duo, along with Phillip Schofield, are fighting to get their cash back after the three lost a combined 7.5million in the “nightmare” collapse of the incomplete Algarve complex. 13 This is the…
These images reveal the abandoned luxury villas which cost TV hosts Ant McPartlin and Dec Donnelly millions of pounds in lost deposits. The duo are fighting for their money back after both losing nearly 2.5million in the nightmare collapse of the unfinished Algarve property complex. This Morning host Phillip Schofield is also out of pocket…
Among the claims none substantiated is an allegation that the former St George-Illawarra Dragons premiership winner secretly used a loan in the name of the family trust to splash out on a luxury $1.8 million Avalon property in 2013. Then there was a request for enormous amounts of information from St George about Mark Gasniers…
NEW DELHI: The National Company Law Appellate Tribunal (NCLAT) has directed the Mumbai bench of the NCLT to pass an order over the insolvency plea against 15 Videocon group companies within next three weeks. The NCLAT said that taking into consideration the nature of the matter, the National Company Law Tribunal (NCLT) Mumbai should pass…
Almost half of British adults are in currently in debt 46% of the population are living with an average of 6,465 in debt The rising cost of owning and running a home listed as the top causes of debt ALMOST HALF of UK adults are currently in debt and believe the rising cost of independent…
Desperate Dundonians have the highest personal debts in Scotland after turning to credit cards and loans to survive. The average debt is an astonishing 20,000 and money experts blame a combination of the controversial Universal Credit system plus poor pay packets in the city. The latest figures for personal debt index (PDI) have been revealed…
Clearly the cross-border insolvency law, consistent with the UNCITRAL Model with least intrusion into each countrys domestic insolvency laws, is imminently likely to be introduced as new law. The framework law for group insolvency and cross-border insolvency of group companies cannot be far behind, to tackle the realities of global insolvency. Personal insolvency,…