Insolvency department director-general Bakri Abd Majid said the government is reviewing the debtor’s petition process to prevent potential misuse, as it does not have a set debt threshold. (Bernama pic) PETALING JAYA: There is a growing trend among Malaysians to voluntarily declare themselves as bankrupt, according to insolvency department director-general Bakri Abd Majid. He revealed…
At de Jonge Read, we work for the directors, focusing on protecting their interests and the future. And the best part, there’s nothing to lose by speaking with us to explore the right path for your client. We sit down with clients, have a look at their situation, determine what options are available to them,…
Former England star declared bankrupt after ‘burying his head’ over £36,000 tax bill MSN Read the original article here
Former England footballer Trevor Sinclair has been declared bankrupt after failing to pay more than £36,000 in unpaid taxes and penalties tied to his media work from 2021 to 2022. The 51-year-old, who played for clubs like Queens Park Rangers, West Ham, and Manchester City, was issued the bankruptcy order at Central London County Court.…
23andMe’s former CEO is set to regain control of the genetic testing company after a $305m bid from a non-profit she controls topped a pharmaceutical company’s offer for it in a bankruptcy auction. Last month, Regeneron Pharmaceuticals agreed to buy the firm for $256m, topping a $146m bid from Anne Wojcicki and the non-profit TTAM…
Vacation rental startup that raised millions reveals why it went bankrupt The Business Journals Read the original article here
Edinburgh festivals: Veteran comedian Barry Ferns on how Fringe drove him to bankruptcy and homelessness The Scotsman Read the original article here
In a significant development in the corporate insolvency proceedings of Jagatjit Cotton Textile Mills (JCT) Ltd, Insolvency professional Hasti Mal Kachhara officially assumed charge of the company’s affairs on Friday at its Phagwara premises. Advertisement Appointed by the National Company Law Tribunal (NCLT), Mr. Kachhara arrived with his resolution team, marking the formal start of…
The Corporate Insolvency Act No. 9 of 2017 (“the Act”) is Zambia’s first stand-alone insolvency legislation. It establishes a regulatory scheme for insolvency practitioners who are required to be licensed by the Patents and Companies Registration Agency (PACRA). The Act provides for various insolvency procedures, such as administration, receivership, liquidation, and schemes of arrangement. It…
SINGAPORE – TikTokers advertising themselves as debt consultants are charging debtors thousands of dollars to exploit a government bankruptcy avoidance scheme. Checks by The Straits Times showed that there are at least a dozen such consultants on the social media platform. One consultant said that for a fee, he can guide debtors through the Debt…