Chinese company that sparked fears of financial contagion falls into bankruptcy – Financial News
Chinese company that sparked fears of financial contagion falls into bankruptcy Financial News Read the original article here
Rugby World Cup winner and ex-England captain declared bankrupt after ‘amassing hundreds of thousands of pounds in debt’
A FORMER Rugby World Cup winner and ex-England captain has been declared bankrupt – and his company has gone into liquidation. Phil Vickery, who was part of the country’s triumphant Rugby World Cup winning team, has racked up “hundreds of thousands of pounds” in debt, a source claimed. 3 Rugby star Phil Vickery, centre, has…
No end to the ‘property cyclone’ as construction costs keep rising and more builders head into insolvency
Alyssa Luc and her partner Xuan Tri Mai are among many Australians who wish they hadn’t rushed into building a home. It was the end of 2020 when the couple purchased a block of land in Catherine Field, a growth area suburb south-west of Sydney. Their block cost about $500,000, and they spent another $700,000…
Blue Protocol Global May Never Launch as Bandai Namco Online Goes Insolvent
We first covered Blue Protocol, the stylized online action RPG developed by Bandai Namco Online, nearly five years ago. Back then, there was no assurance the game would ever launch in Western countries. That changed in December 2022, when Amazon Games took the stage at The Game Awards to announce a publishing deal with Bandai…
What would happen if a UK university went bankrupt?
“I think what we’ve got to accept is that some universities may well go bust,” the Conservative MP and former home secretary Suella Braverman recently told the BBC’s Panorama. “They may well close. And I don’t think that’s necessarily a bad thing.” Braverman will be a frontrunner for the Conservative leadership if, as seems highly…
Case note | Director’s personal liability for insolvent trading
The Federal Court’s recent decision in Stone (Liquidator), in the matter of RIC Admin Pty Ltd (in liq) v Mandalinic (No 2) [2024] FCA 164 demonstrates the analysis the courts will undertake in determining a director’s personal liability for insolvent trading, even when the director does not appear for the hearing. The case reiterates how…
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Former England rugby captain and World Cup winner Phil Vickery is declared BANKRUPT as documents show he owes ‘hundreds of thousands of pounds’
Former England rugby captain Phil Vickery has been made bankrupt with documents showing he owes £100,000 to a company which is in liquidation. Mr Vickery, 48, of Bath, who was part of England’s triumphant 2003 World Cup winning side, applied to make himself bankrupt using debtor’s petition, last month. His management consultancy Vix Limited is…
Hedge fund Bronte Capital shorts corporate debt as bankruptcies boom
A volatile cocktail of decade-high insolvency rates and booming investor appetite has driven short-seller Bronte Capital to begin betting against corporate debt, hoping to cash in if the companies behind the loans go bust. Bronte founder John Hempton has told his investors that the so-called junk rally – which this year drove global equities to…
After Birmingham, Central England city of Nottingham declares bankruptcy | World News
The announcement makes Nottingham the second city to declare financial failure this year. 2 min read Last Updated : Nov 29 2023 | 10:23 PM IST Nottingham, a city in central England’s Midlands region, on Wednesday declared itself effectively bankrupt after its council failed to deliver a balanced budget for the year. Nottingham…