LEADER of the Progressive Democratic Patriots (PDP) and former president of the Public Services Association (PSA) Watson Duke is facing bankruptcy, according to his attorneys. And if Duke is declared bankrupt then he may not be able to contest next year’s general election, they said. Duke’s financial difficulties follow his retirement from the Public Services…
Byjus on Wednesday informed the National Company Law Tribunal that it has reached a settlement with France’s Teleperformance Business Services, one of the operational creditors of the beleaguered edtech firm. Following this, Teleperformance has withdrawn its insolvency petition filed against Byju’s, a counsel aware of the matter said on condition of anonymity. A bench led…
A leading organisation that delivers debt help and advise for those seeking a Debt Relief Order (DRO) says the increase in value of used cars has proven to be a real stumbling block for those seeking this kind of insolvency. A DRO is just one of three recognised types of personal insolvency in England and…
Disgraced Victoria mortgage broker Greg Martel will not be released from the debts that have been mounting around him. B.C. Supreme Court has adjourned Martels bankruptcy discharge hearing, which means he will remain an undischarged bankrupt and his debts of more than $300 million will remain intact. In making the ruling, the court cited the…
International bus and coach manufacturing giant Van Hool is hoping for a rapid restart after reaching a binding offer with other brands to rescue it from bankruptcy. On April 8, Van Hool was declared bankrupt, with the major global manufacturer facing permanent closure. Now, a board of four curators, including coach and bus group VDL…
25 Jun 2024 4 min read The latest insolvency statistics for May 2024 for company and individual insolvencies have been published on 18 June 2024 for England and Wales. This comes just before the announcement on 19 June 2024 by the Office for National Statistics, that UK inflation fell to the Bank of Englands target…
Vicky Shaw, PA Personal Finance Correspondent 25 June 2024 at 9:31 pm Rises in used car prices have been a barrier to people entering insolvency in recent years, according to a financial support service. Money Wellness made the comments ahead of changes to debt relief orders (DROs) this week, which will raise the value of…
The move follows failed efforts at Intersolar to find an investor or buyer. The manufacturer of micro inverters filed for insolvency right at the end of the trade fair. June 25, 2024 Jochen Siemer From pv magazine Germany Taking part as an exhibitor at the Intersolar Europe trade fair last week at the start of…
The widow of underworld figure Carl Williams has been declared bankrupt by the Federal Court, after it was reportedly revealed there was almost $300,000 owing in unpaid taxes. The court on Tuesday ordered that the estate of Roberta Merieca Williams be sequestrated, following an application by the deputy commissioner of taxation. Carl Williams widow Roberta…
The debts of a collapsed group of NSW businesses have blown out to almost $23 million, while other subsidiaries have quietly gone under in recent weeks. News.com.au reported in April that a western Sydney factory had closed down and all workers had been terminated on the spot. It comes after two companies linked to the…