“We are seeing thousands of tax defaults lodged every month now, so the ATO has basically said enough is enough, time’s up, if you can’t pay this debt or at least come to an arrangement with us about how to pay it then you are in big trouble,” she said. Read the original article here
G3 has been around for almost 20 years and is facing potential bankruptcy. Credit: sportguide.ch Genuine Guide Gear, also known as G3, is a well-respected player in the outdoor sports industry. It is particularly known for its high-quality backcountry skiing and snowboarding equipment. Founded in 1995 and based in Vancouver, British Columbia, G3 has built…
Torrent Power has moved the National Company Law Appellate Tribunal (NCLAT) to challenge the NCLT order approving Sarda Energy and Mining’s (SEML) resolution plan for the debt-ridden SKS Power Generation. Last week, the Mumbai bench of the National Company Law Tribunal (NCLT) approved Sarda Energy and Mining’s bid and rejected applications, including that of Torrent…
Katie Price will have her income from the social media platform TikTok suspended as part of efforts to pay off money owed under her two bankruptcies, a judge has ruled. The former model was declared bankrupt in November 2019 and again in March this year, and is due to face questions over her finances in…
160K individuals yet to be discharged from bankruptcy The Malaysian Reserve Read the original article here
Hisbe stores in Brighton and Worthing will close for good after telling suppliers that it would be entering voluntary liquidation yesterday. A public announcement on the news is expected. In an email sent to suppliers supported by Hisbe, owners Ruth Anslow and Jack Simmonds said: “This week we made the difficult decision to declare Hisbe…
Jomayi Property Consultants Ltd, once Uganda’s most prominent real estate leader has been sent into liquidation after being declared insolvent by the High court. The court order to wind up comes after NC bank failed to recover Shs 868 million from Jomayi. It all started in 2018, when John Baptist Ssemwogerere secured a…
He said: “We worked so hard to stay afloat during Covid, changing to doing takeaway afternoon teas, getting meals and supplies to frontline workers. It was a huge effort. We were doing thousands of meals-a-day to support people during the pandemic. “And now, for the government to just turn round and leave us effectively high…
Salih Ozhot applied for a £50,000 Bounce Back Loan to support his business, but ended up using the money for his own personal gain His actions were described by Insolvency Service investigators as “cynical”, “sophisticated” and “pre-planned” Ozhot, who was declared bankrupt in 2021, will have to repay the loan in full A North London…
Fisker’s second electric car company has gone bankrupt Fisker filed for Chapter 11 bankruptcy protection in Delaware “Thousands” of Ocean electric SUVs were delivered before the bankruptcy filing Electric vehicle startup Fisker on Monday filed for Chapter 11 bankruptcy protection with a court in Delaware, just a year after the start of deliveries of the…