Celebrities seem like they have it all fame, friends, a fabulous life and fortune. But then again, some stars do end up with no money. Its hard to have too much sympathy though, especially when you consider the difference between celebrity broke and real broke. So, we dont feel too bad about these A-listers that have blown…
— Published: Sunday, 7 August 2016 | Print | Disqus The big US banks are dead, as in giant hollow reeds. Such has been the Jackass refrain for eight straight years. They are insolvent monsters and destroyers of wealth and capital. They are massive criminal enterprises. Events prove the case well. The Too Big to…
Former rugby league star and property mogul Jarrod McCracken has been referred to authorities for allegedly failing to declare his income and travelling overseas while bankrupt. No charges have been laid against Mr McCracken, but both alleged offences would carry potential jail terms. Mr McCracken was declared bankrupt in 2013 with $20 million…
Former rugby league star and property mogul Jarrod McCracken has been referred to authorities for allegedly failing to declare his income and travelling overseas while bankrupt. No charges have been laid against Mr McCracken, but both alleged offences would carry potential jail terms. Mr McCracken was declared bankrupt in 2013 with $20 million in debts…
WASHINGTON, D.C. — Retired iron workers in Northeast Ohio will get a short reprieve before their pensions could be cut. It’s not as if their union pension plan has turned around financially, however. If anything, new projections show the Iron Workers Local 17 fund — the retirement fund for the men and women who erected…
The work relating to bankruptcy and insolvency has been taken out from the domain of Finance Ministry and given to Corporate Affairs Ministry. The administration of insolvency and bankruptcy code, which was until now handled by the Department of Economic Affairs under the Finance Ministry, will now be under Ministry of Corporate Affairs,…
04 August 2016 Lara Bullock View Comments Lawyers must ensure they disclose the full extent of risk to clients, as the Australian Financial Security Authoritys (AFSA’s) statistics show the number of bankruptcy cases is increasing.…
Belarus: Major fruit, veg importer declared bankrupt The Economic court of the Magilev region has started proceedings concerning the economic insolvency (bankruptcy) of the company Fruktest, one of Belarus biggest fruit and vegetable importers. A company called the Consulting Bureau has been appointed to carry out the procedure. Credit claims can be carried out over…
The Insolvency Service has wound up a pension liberation company which helped savers access their funds earlier than allowed, following a High Court battle. Thames Trustees, which acted as trustee of the Westminster Pension Scheme, coaxed clients into moving their retirement funds into the scheme, which was set up in December 2012. Clients were promised…
The company acted as trustee of the Westminster Pension Scheme (the Scheme) which was established in December 2012. Clients were induced to move their existing pension funds into the Scheme on the basis that they would receive in return a cash payment either in the form of a loan from an associated company (typically…