Trevor Sinclair Hit With Bankruptcy Over Tax Debt

Former England footballer Trevor Sinclair has been declared bankrupt after failing to pay more than £36,000 in unpaid taxes and penalties tied to his media work from 2021 to 2022. The 51-year-old, who played for clubs like Queens Park Rangers, West Ham, and Manchester City, was issued the bankruptcy order at Central London County Court.…

The Insolvency Landscape in Zambia

The Corporate Insolvency Act No. 9 of 2017 (“the Act”) is Zambia’s first stand-alone insolvency legislation. It establishes a regulatory scheme for insolvency practitioners who are required to be licensed by the Patents and Companies Registration Agency (PACRA). The Act provides for various insolvency procedures, such as administration, receivership, liquidation, and schemes of arrangement. It…

Auto Parts Supplier Marelli Blames Tariffs for Bankruptcy

The Marelli Corp. headquarters in Saitama, Japan. (Kiyoshi Ota/Bloomberg) [Stay on top of transportation news: Get TTNews in your inbox.] Marelli Holdings Co., the long-struggling auto parts supplier for Nissan Motor Co., Stellantis NV and other carmakers, filed bankruptcy in the U.S., saying its latest debt-cutting effort was prompted by tariffs. The insolvency case is…