The bankruptcy is the latest chapter in Joe Gutnick’s colourful career. Photo: Jesse Marlow Mining magnate “Diamond” Joe Gutnick was once ranked among the wealthiest men in the country, with a fortune totalling more than $300 million. Now the former Melbourne Football Club president has declared himself bankrupt, with debts totalling more than $275 million,…
By Sebastian Shakespeare for the Daily Mail Published: 10:23 EST, 12 July 2016 | Updated: 10:52 EST, 12 July 2016 View comments Nigel Farage is still celebrating the historic Leave victory in the EU referendum but the champagne has lost its sparkle for his little brother. Commodities broker Andrew Farage has been declared bankrupt, I…
Everett Collection The 2016 Social Security Trustees report showed a continuation of the current trend toward insolvency of both of its trust funds. The Trustees estimate that Social Security’s combined retirement and disability trust funds will… Read the full article at: http://www.marketwatch.com/story/social-security-insolvency-is-now-one-year-closer-2016-07-11
Turkey’s leading shoe retailer, Arrow, has been officially declared bankrupt, according to an Istanbul bankrupt office. The shoe retalier Arrow, based in Istanbul’s Ginza Lavinya Park mall in the district of Beylikdüzü, was declared bankrupt by 1st Commercial Court of First Instance on June 23, Bakrköy bankrupt office said on Monday. The judge’s decision ended…
LAST WEEK, we examined the circumstances in which directors (and sometimes shareholders) can be personally liable for the debts of their company (“When are directors personally liable for corporate debt?” BT, July 4). This week, we look at a company that is insolvent (or nearly so), and how that may also give rise to a…
The slumping oil market is taking a heavy toll on consumers in Canada, new federal statistics suggest, as personal insolvency filings spiked in energy-producing provinces over the past year. Consumer insolvency filings were about five per cent higher in April 2016 than they were during the same month last year, according to a report recently released by the Office of the…
Music 50 Cent mocks disabled teen Rapper 50 Cent is facing fierce backlash after he posted a video of himself mocking a disabled teenager. PT0M52S http://www.smh.com.au/action/externalEmbeddedPlayer?id=d-4egfx 620 349 May 4, 2016 Rapper 50 Cent may need to be upgraded to Dollar. Australian Dollar, that is. The American hip-hop star, whose real name is Curtis Jackson…
IndyCar racing will provide $925,000 to ticket buyers still waiting for refunds from a planned Boston race that was canceled in April, according to an agreement with Attorney General Maura Healey announced Thursday. Healey also filed suit Thursday in Suffolk Superior Court against Boston Grand Prix LLC, the local company that proposed the…
Rapper 50 Cent may need to be upgraded to Dollar. Australian Dollar, that is. The American hip-hop star, whose real name is Curtis Jackson (or Curtis James Jackson III, to be complete) has been in bankruptcy court for a while trying to manage debts of nearly $50 million. Previous slide Next slide 50 Cent mocks disabled…
As college students enjoy the remnants of a fast-moving summer with school approaching next month, one metro private university is already in session teaching a lesson thats not normally taught in a classroom. Grand View University in Des Moines has created a unique program to help students understand their costs and minimize loans so they…