In a recent ruling, the Bombay High Court held that the moratorium imposed under the Insolvency and Bankruptcy Code, 2016 (IBC) does not bar criminal proceedings against natural persons, such as directors, for offences committed under the NI Act, even if the insolvency proceedings were initiated prior to the cheque’s dishonour. The Court allowed a…
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A former England rugby star has jumped to the defence of Liverpool legend John Barnes, who didn’t play in an era when football was awash with money, and has been declared bankrupt John Barnes has been declared bankrupt after amassing debts of £1.5million(Image: Getty Images) John Barnes needs guidance, not criticism, after being declared bankrupt,…
“Post the GFC there was a clear general decline in terms of insolvency appointments, and that dropped even further off the back of Covid and the pandemic,” Johnstone said. “But what you’ll be seeing now, and we’re certainly seeing across RITANZ’s members, is that those insolvency appointments are now starting to increase to the point…
Former England international and Liverpool legend John Barnes has been declared bankrupt after his media company built up £1.5million of debt Abbie Meehan Sports Writer U-35s and Chris Burns Senior Sports Writer 08:00, 12 Oct 2025 John Barnes has spoken about his financial troubles(Image: Serena Taylor/Newcastle United via Getty Images) John Barnes has been declared…
John Barnes needed an intervention before being declared bankrupt, according to a fellow retired sports star who has worked with the Liverpool and England legend. HM Revenue & Customs (HMRC) recently announced John Barnes Media Limited, his now-liquidated company, had amassed debts exceeding £1.5million. Liquidators’ reports show HMRC is owed £776,878 in unpaid VAT, National…
The Australian Financial Security Authority’s intervention in Jon Adgemis’ financial affairs has drawn much attention. The Federal Court orders to enter Adgemis into bankruptcy followed independent actions by AFSA and the Australian Taxation Office. While the headlines focus on personalities, the lesson is broader: effective insolvency regulation is an engine of productivity, economic growth and…
Philip Middlemiss, who played Des Barnes in Coronation Street, has reportedly been declared bankrupt for a second time after failing to keep up with tax payments Katy Hallam and Seamus Duff 22:05, 11 Oct 2025 (Image: Granada Television) Coronation Street legend Philip Middlemiss has been declared bankrupt for a second time, according to reports. The…