BBC One in 10 county councils in England is facing effective bankruptcy – putting vital services at risk, local government leaders have warned. More local authorities fear they could be next, according to a survey by the County Councils Network. They are calling for emergency funding from the government to stave off financial collapse. The…
Nicole Tyson, counsel for Kingston’s trustee in bankruptcy, told the Federal Court last week that Kingston had further bank accounts and, potentially, assets in Hong Kong that required investigations to learn more about his financial position. The court heard the $151 million provided to the Sargon-associated company by the Chinese financier appeared to have been…
Five-Time Olympic Champion Left Homeless After Declared Bankrupt, Forced to Sell Gold Medals myKhel Read the original article here
Historic German sausage producer Fleischerei Holzapfel declares bankruptcy MSN Read the original article here
England and Wales insolvencies rise by 21% in November Reuters.com Read the original article here
Sir Bradley Wiggins is declared bankrupt MSN Read the original article here
Luxe Holdings declared insolvent as subsidiary businesses are wound up 11 October 2023 – 21:52 The man accused of being at the centre of looting R50m in jewellery and watches from insolvent chain Arthur Kaplan jewellers has applied to have the liquidation reversed, describing it as a “coup d’état”. .. Read the original article here
UK company insolvencies over the past year have exceeded levels seen during the global financial crisis in 2008-09. According to figures from the Insolvency Service, 25,551 UK companies fell into insolvency in the year up to the end of July 2024, 1.4 per cent higher than the 25,189 insolvencies recorded during the same period from…
Key takeaways According to the IRS, insolvency occurs when your total liabilities exceed your total assets. Insolvency is divided into two categories: cash flow and balance sheet. You can claim balance-sheet insolvency to the IRS if your liabilities exceed the fair market value of your assets. Struggling to meet… Read the original article here
Lessons learned from Milwaukee’s flirtation with bankruptcy ImpactAlpha Read the original article here