A Mayo senator has welcomed new legislation – the second stage of which is currently passing through the Oireachtas – which protects the family home in personal insolvency cases. Senator Paddy Burke said the Personal Insolvency (Amendment) Bill 2020 removes the requirement that an insolvent debtor is only eligible under the Act to apply for…
Tennis legend Boris Becker gave 120,000 in backhanders to his wife and his ex to evade bankruptcy rules, court hears Boris Becker, 53, was declared bankrupt four years ago after spending fortune Tennis ace allegedly hid money following bankruptcy order to paying creditors Court hears he hid proceeds from 3m sale by sending them to…
Bankruptcy can happen to anyone even billionaires. The news is full of former high-flying celebrities whose careers have tanked, or they made unwise investments. Filing for bankruptcy isnt a prison sentence. Youll see a multitude of bankrupt celebrities, movie stars, musicians, and athletes. Some celebrities of the past who went bankrupt include singer and actress…
Mar 19 2021, 1:47 PMMar 19 2021, 1:57 PMMarch 19 2021, 1:47 PMMarch 19 2021, 1:57 PM Industrialists like Anil Ambani, Kapil Wadhawan, Sanjay Singhal, Venugopal Dhoot and 42 others have taken the central government and the insolvency regulator to court. Their gripe? That the manner in which personal insolvency provisions for guarantors were notified…
Tommy Robinson has been accused of misspending supporter donations (Getty Images) Former employees of Tommy Robinson have accused the far-right leader of mis-spending donations made via fundraising campaigns. According to The Independent, claims were made that the former EDL-leader transferred donation money to his business account, with one colleague saying that he was giving it…
Member Article February 2021 corporate and individual insolvency statistics R3 response Corporate insolvencies fell by 9% to 686 in February 2021 compared to Januarys figure of 754, and were 49% lower than February 2020s figure of 1,348. Personal insolvencies fell by 18% to 6,816 in February 2021 compared to Januarys figure of 8,321, and were…
Insolvency proceedings at Greensill Bank, sought by Germany’s BaFin financial regulator, now have court backing as German municipalities fear hefty deposit loses. A German court appointed an insolvency administrator to Greensill Bankon Tuesday, as requested by BaFin, Germany’s previously criticized financial regulator. Specialist lawyer Michael Frege will wind up the bank, reportedly with 3.6 billion…
By Reuters Staff 2 Min Read FILE PHOTO: Two workers are seen next to an Alitalia plane at Fiumicino airport in Rome, Italy, March 5, 2021. REUTERS/Remo Casilli ROME (Reuters) – Alitalia is close to launching open tenders to sell off its handling and maintenance businesses as the government is negotiating and revising the new…
Whether it is the continuing impact of Covid-19 or the more recently reported effects of Brexit, media comments proliferate about the financial distress faced by numerous businesses in Scotland who are involved with fish catching, processing and selling. Although a fund has been established by the UK Government to try to help businesses survive in…
Businesses have been hit hard this year by the pandemic, with many stores closing every week. Bankruptcy has been on the rise as the economic toll continues to affect almost every industry. Here in the Upstate, stores we used to visit to often such as Brooks Brothers, Belk and Stein Mart are now going through…