Israels southern Port of Eilat has declared bankruptcy because of the lack of commercial and trade activity. Eilat Port CEO Gideon Golber said: The port is completely closed, and there has been no activity in the port for eight months, due to the failure of the coalition countries in the Red Sea. We have not…
Katie Price has launched her latest money-making scheme after being declared bankrupt for a second time. The ex-glamour model is selling video messages to fans for a hefty price in a bid to make more cash. Katie, 45, announced she’s joined Cameo, a platform which enables fans to get in contact with their celebrity idols…
Katie Price has been declared bankrupt for a second time.The former glamour model – who was previously declared bankrupt in 2019 – owes more than 750,000 to HM Revenue and Customs (HMRC) and failed to respond to the organisation over the debt, a court was told on Monday (19.03.24).Insolvency and Companies Court Judge Sebastian Prentis…
New Delhi: Kapil Wadhawan, the former promoter of Dewan Housing Finance Corporation Ltd (DHFL), has moved the National Company Law Appellate Tribunal (NCLAT) to challenge the initiation of personal insolvency proceedings against him by Union Bank of India for a 3,958-crore default. The NCLAT heard the case briefly on Monday before it deferred the matter…
Discount retailer 99 Cents Only has declared bankruptcy as it prepares to shutter its stores. The company announced its Chapter 11 filing Monday (April 8), days after it said it was closing all of its 371 locations in the southwestern part of the country. This was an extremely difficult decision and is not the outcome we expected or hoped…
Mt. Gox, a Japanese bitcoin exchange that went bankrupt a decade ago following a major hack, is finally set to repay its creditors. These creditors are in for a significant payday, as the company will start distributing about $9 billion worth of bitcoin, rewarding them for their patience over the years.In 2011, Mt. Gox lost…
The Australian startup ecosystem is facing its next wave of financial challenges. With a 54% decline in capital raised by Australian startups in 2023 and a 14.5% rise in insolvencies, Australian startups are financially strained. For those operating in the capital-intensive tech sector in particular, the time between funding rounds is harder than ever. Tech…
Table of Contents {{ tocState.toggleTocShowMore ? ‘Show more’ : ‘Show less’ }} Australias business landscape has seen a steady rise in the number of insolvencies in recent months as cost-of-living pressures bite and economic conditions slow down. Although numbers had declined for several years, business collapses are now back above pre-pandemic trends, putting the spotlight…
The widow of underworld figure Carl Williams has been declared bankrupt by the Federal Court, after it was reportedly revealed there was almost $300,000 owing in unpaid taxes. The court on Tuesday ordered that the estate of Roberta Merieca Williams be sequestrated, following an application by the deputy commissioner of taxation. Carl Williams widow Roberta…
Kapil Wadhawan, erstwhile promoter of Dewan Housing Finance (DHFL), has moved the appellate tribunal NCLAT to challenge the NCLT order to initiate personal insolvency proceedings against him. Wadhawan has challenged an earlier order passed by the Mumbai bench of the National Company Law Tribunal (NCLT), which on April 2, directed to initiation of personal insolvency…