Former glamour model Katie Price is to have one of her two bankruptcies discharged following a hearing at a specialist court in London. The 46-year-old was due to face questions over her finances on Tuesday at a hearing known as a public examination after first being declared bankrupt in 2019. Bankruptcy orders typically end after…
Telefónica’s Peruvian unit has filed to begin voluntary insolvency proceedings. The carrier, a subsidiary of Spanish telco Telefónica, kicked off the insolvency process late last week after failing to find a buyer. According to a regulatory filing, the process will take place in Peru and aims to help the company restructure its finances and operations…
IBC Weekly Round-Up [10th February -16th February 2025] Live Law – Indian Legal News Read the original article here
Tearidge Limited trades as Manguard Plus in NI and employed an average of 116 people in 2022 Tearidge Limited trades as Manguard Plus in Northern Ireland and employed an average of 116 people in 2022, according to its most recently published set of financial results. The business had a revenue of over £3.96m in 2022.…
The National Company Law Appellate Tribunal (NCLAT), New Delhi bench comprising Justice Yogesh Khanna (Judicial Member) and Mr. Arun Baroka (Technical Member) have held that non-registration of “charge” in terms of Section 77 of Companies Act, 2013 is not a sine qua non for a Creditor to be treated as a “Secured Creditor” under section…
Filing for bankruptcy carries a heavy stigma, but when individuals can’t settle their liabilities it can be the only option. Disastrous risk-taking, dodgy dealing, runaway spending, a hefty tax bill, or just plain bad luck can propel a person into financial hell – and the richer they are, the harder they fall. Read on to discover 27 prominent…
French firearms manufacturer Verney-Carron, which had a contract to supply Ukraine with assault rifles, has declared bankruptcy, according to its parent company, CYBERGUN. The company has stopped paying wages and suspended production due to a complete freeze on its finances. Verney-Carron, which has a two-century history, currently holds a debt of €1 million. Despite receiving…
For three weeks in November and December 2021, iconic Canadian clothing chains Bootlegger, Cleo and Ricki’s found themselves paralyzed — staring down the barrel of the “critical holiday season” but prevented by ransomware from moving inventory. The attack occurred on Nov. 23, but the businesses weren’t able to regain access to their internal systems until Dec.…
Keith Bell, who ran the Bishopton Road Post Office in Stockton, spent 20 years blaming himself for shortfalls on his accounts until he watched ‘Mr Bates v The Post Office’ and felt like his life was unfolding on TV. He went from living a comfortable life to being bankrupt and even lost his new job…
Review civil servants’ salary deduction cap, says insolvency department chief Free Malaysia Today Read the original article here