NT reports highest gains but Darwin sees biggest reduction in debtors. Areas of regional Australia have recorded significant increases in the number of individuals entering into personal and business-related insolvency. The Australian Financial Security Authority (AFSA) has released regional personal insolvency statistics for the June quarter 2016. There was an 11% nationwide increase in the…
In a twisted case of impending debt, the Italian court in Pesaro declared motorcycle maker Benelli as bankrupt in a ruling after the company failed to settle its dues with a component maker. The court order was made despite the fact that the bike maker offered to pay his debt to the company and claimed…
Benelli were declared bankrupt despite the company’s insistence it isn’t Related stories Tuesday, 26, Jul 2016 10:57 by Joe Jeffrey Court declares manufacturer bankrupt despite company’s insistence they’re not An Italian court has taken the step of declaring motorcycle manufacturer Benelli bankrupt in a ruling which followed the company failing to pay a debt to…
Benelli were declared bankrupt despite the company’s insistence it isn’t Tuesday, 26, Jul 2016 10:57 by Joe Jeffrey Court declares manufacturer bankrupt despite company’s insistence they’re not An Italian court has taken the step of declaring motorcycle manufacturer Benelli bankrupt in a ruling which followed the company failing to pay a debt to components manufacturer,…
It is not just the Barnett government going broke in west. The hangover from the mining boom appears to be biting West Australians and local businesses, with the state recording the biggest increase in personal and business insolvencies across Australia for June. The end of the mining boom has meant doom for many West Australians. Photo: Simon…
Aodhan OFaolain Breifne O’Brien convinced people to invest millions of euros in bogus dealsMARK STEDMAN/ROLLINGNEWS Breifne OBrien, the convicted fraudster, has been declared bankrupt by the High Court. The former businessman was given a seven year prison sentence in 2014, which he is currently serving, for convincing people to give him millions of euros for…
UK parliamentarians have criticised as wholly inadequate attempts by the former owner of retailer BHS to address the companys pension deficit and called for significant contributions to address the schemes underfunding. Philip Green was the focus of the parliamentary investigation into the retailers insolvency earlier this year, which followed Greens sale of BHS to Retail…
The High Court has adjudicated convicted fraudster Breifne O’Brien as being a bankrupt. In 2014 the former businessman was given a seven year prison sentence, which he is currently serving, for inducing others to advance millions of euro to him for investment in bogus property deals. O’Brien with an address at Monkstown Grove, Monkstown, Co…
By Press Association Published: 20:23 EST, 25 July 2016 | Updated: 20:23 EST, 25 July 2016 The estate of the late Russian oligarch Boris Berezovsky is “hopelessly insolvent” a High Court judge has said. Mr Justice Arnold says about £34 million remains in the estate but creditors’ claims run into hundreds of millions of pounds.…
The estate of the late Russian oligarch Boris Berezovsky is hopelessly insolvent, a High Court judge has said. Mr Justice Arnold says about £34 million remains in the estate but creditors claims run into hundreds of millions of pounds. The judge outlined financial facts in a ruling on the latest stage of litigation involving insolvency…