Insolvency Professionals Need Self-Regulation: Official: Rediff Moneynews

Corporate Affairs Secretary urges insolvency professionals & valuers to adopt self-regulation. Highlights IBC importance & IBBI role. New Delhi, Oct 1 (PTI) Insolvency professionals and valuers should look at having a very effective self-regulating mechanism, Corporate Affairs Secretary Deepti Gaur Mukerjee said on Wednesday as she highlighted the importance of the insolvency law. Speaking at…

Liverpool legend Barnes declared bankrupt

Liverpool FC legend John Barnes has been declared bankrupt. A bankruptcy notice published in the London Gazette on Tuesday confirmed a HM Revenue and Customs petition against the former footballer has been granted. The former footballer’s company John Barnes Media Limited racked up debts of over £1.5 million in combined unpaid VAT, National Insurance and…

England & Liverpool legend declared bankrupt over £1.5m debts as ‘serve as a deterrent’ warning sent

Company collapse and tax nightmare The bankruptcy is rooted in the collapse of Barnes’ now-defunct business, John Barnes Media Limited. Liquidators revealed staggering debts, including nearly £777,000 owed to HMRC in unpaid VAT, National Insurance and PAYE. On top of that, Barnes’ company still had £461,849 in unsecured debts and a £226,000 director’s loan hanging…

England & Liverpool legend declared bankrupt over £1.5m debts as ‘serve as a deterrent’ warning sent

Company collapse and tax nightmare The bankruptcy is rooted in the collapse of Barnes’ now-defunct business, John Barnes Media Limited. Liquidators revealed staggering debts, including nearly £777,000 owed to HMRC in unpaid VAT, National Insurance and PAYE. On top of that, Barnes’ company still had £461,849 in unsecured debts and a £226,000 director’s loan hanging…