A number of local councils in England, including Birmingham, Nottingham and Croydon, have effectively declared themselves “bankrupt” in recent years, and many more are at risk. A decade of cuts to local authority budgets and increasing demands on services such as social care are forcing councils to make difficult financial decisions. But it’s not just…
A FORMER Rugby World Cup winner and ex-England captain has been declared bankrupt – and his company has gone into liquidation. Phil Vickery, who was part of the country’s triumphant Rugby World Cup winning team, has racked up “hundreds of thousands of pounds” in debt, a source claimed. 3 Rugby star Phil Vickery, centre, has…
Former Manchester United star Wes Brown has broken his silence after being declared bankrupt last year. The 44-year-old, who made more than 300 Premier League appearances during a career which spanned over two decades, lost millions after hanging up his boots. HMRC filed a bankruptcy petition against Brown last February and the petition was rubber-stamped…
Rubio’s is hoping its third act will set it on a path toward profitability. Last week, the chain declared bankruptcy for the second time in four years. It first went bankrupt in 2020 due to the financial impact of the COVID-19 pandemic. On Dec. 30, 2020, Rubio’s emerged from its first bankruptcy with less outstanding…
Former Montreal Canadiens player Steve Bégin announced Thursday that he must declare bankruptcy. The 46-year-old ex-hockey player confirmed the news in a Facebook post. “The civil engineering company in which I had been proposed to invest large sums of money since 2013, has gone bankrupt, which has had a negative impact on…
Senator Rod Culleton has been declared bankrupt by the federal court in Perth, which would disqualify him from parliament, but he has vowed to fight on. Culleton, who was elected as part of Pauline Hanson’s One Nation before quitting the party this week, was found bankrupt following action taken by a creditor. Under Section 44…
The lifeboat fund told Professional Adviser that so far it has received 1,464 claims against the firm, all relating to its actions as SIPP operator. On 31 August 2022, Rowanmoor directors appointed Adam Stephens and Christopher Allen as joint administrators. Stephens and Allen will continue to run Rowanmoor’s business and will try to find a…
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Intended to streamline council payments and HR systems, the flagship system was expected to cost £19m. But after three years of delays, it was revealed in May it could cost up to £100m. On Tuesday evening, the government’s Department for Levelling Up, Housing and Communities (DLUHC) said it had been “engaging regularly” with the council…
Combined debts of about $900,000 have led to the Christchurch entrepreneur behind Benny’s Barber Shop and Benny’s Hangar being declared bankrupt. Ben Scott, 31, was placed on the insolvency register on Wednesday after his plans for a million-dollar indoor entertainment venue inside a disused former Air Force hangar at Wigram crashed to the ground. The large-scale…