ATO and banks take to the courts to claw back debts – Dynamic Business – International Site

Signs appear that directors are being pursued personally for historical company debts, says insolvency specialist Court actions filed by the ATO and the big four banks are on the rise and its not just current debts in their sights. Business and personal insolvency specialist Jirsch Sutherland says legacy debts are also in the crosshairs, which could put…

Everton deducted 10 points by Premier League over financial losses – The Washington Post

The English Premier League has deducted 10 standings points from Everton over a breach of league rules regarding profitability and sustainability. The deduction puts the Liverpool club at four points on the season, plunging it into 19th place in the 20-team league. In a statement released Friday, the Premier League said an independent commission found…

Rights of personal guarantors in insolvency proceedings … – Supreme Court Observer

On 9 November 2023, a three-judge bench led by Chief Justice D.Y. Chandrachud, with Justices J.B. Pardiwala and Manoj Misra, upheld the constitutionality of Sections 95, 96, 97, 99, and 100 of the Insolvency and Bankruptcy Code, 2016. These provisions allow loan creditors to initiate insolvency proceedings against individual and partnership firm debtors.  The decision…

Soap stars who went bankrupt Corrie hunk who turned delivery driver to EastEnders star left skint after I… – The Sun

THEY may be on our box most nights, but it doesnt mean soap stars aren’t immune to money issues. Earlier this week it was revealed former Coronation Street star Andrew Lancel has been declared bankrupt due to an unpaid large tax bill. Former Coronation Street star Andrew Lancel has been declared bankruptCredit: Rex Beverley Callard…