EY-Parthenon teams were appointed as insolvency administrators in March 2021. From the start, a unique aspect to this engagement was the media attention. Given the size and impact of this bankruptcy, this was a hurdle both Abengoa and EY-Parthenon had to overcome and engage with regularly throughout the process. Loan requests Initially, the EY-Parthenon teams…
The Fanatec saga of 2024 has taken yet another twist, and a turn for the worse, as the brand’s parent company has filed an application to begin insolvency proceedings. It’s been a pretty crazy few months for Fanatec and its owner Endor. While it’s likely the public troubles began with a chaotic Black Friday, things…
Croydon council has declared effective bankruptcy for the third time in two years, saying it faces an “existential question” after collapsing under the weight of a “toxic debt burden” running to more than a billion pounds. In the latest sign of the continuing financial storm raging through local government, the south London authority said it…
Kenya Revenue Authority (KRA) has been ordered to refund more than Sh54 million to household and electronics appliances supplier Hotpoint on account of bad debts arising from goods delivered to fallen retail giant Nakumatt. The Tax Appeals Tribunal faulted the Commissioner of Domestic Taxes for disallowing the VAT (value-added tax) refunds of Sh54.8 million as…
Your 20s can be a time of great financial challenge. You may be contending with a mound of student loan debt, credit card bills, car payments, and other income drains. While declaring bankruptcy in your 20s may seem like an easy way to end the nightmare of debt, it’s not a solution. In fact, it…
KUALA LUMPUR (March 1): Sapura Energy Bhd said a Mexican unit of the group has been declared bankrupt, after it had failed to restructure its debts with creditors within the stipulated time frame given by a court in that country. The unit, Sapura Energy Mexicana Sociedad Anónima Promotora de Inversión de Capital Variable (SEM), is…
Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email A household name since she first began appearing as a glamour model in the pages of The Sun, Katie Price’s rise to fame has also been blighted by a number of brushes with…
Katie Price’s plan to become an escort but there’s one thing she won’t do Daily Record Read the original article here
Mackay Goodwin and RRI Advisory have announced they will merge to meet the growing demand for quality insolvency advice as Australian businesses continue to struggle. Business advisory and insolvency expertise company Mackay Goodwin will merge with Melbourne-based company RRI Advisory. RRI Advisory is a boutique insolvency company specialising in providing insolvency, turnaround and business restructuring…
PA Media Boris Becker arrived at court with his partner Lilian de Carvalho Monteiro Former Wimbledon champion Boris Becker has been jailed for two and a half years for hiding £2.5m worth of assets and loans to avoid paying debts. The case centred on Becker’s bankruptcy in June 2017 resulting from an unpaid loan of…