The UK insolvency service is investigating scandal-hit public relations firm Bell Pottinger, including its influential co-founder Lord Tim Bell, for work in South Africa that led to the companys collapse last year. According to letters seen by the Financial Times, two senior partners have been told the UK government agency is examining potential breaches of…
People living in Sefton are the most likely in Merseyside to go bankrupt. New data shows a total of 3,141 people in the region either declared insolvency, took on a debt relief order (DRO) or accepted an individual voluntary arrangement (IVA) to manage their debts in 2017. Of those, 146 were aged under 25.Some 42…
THQ NORDIC Kingdoms of Amalur Reckoning: THQ plots new PS4, Xbox release after buying rights to IP DS Latest news: THQ Nordic has now purchased the rights to Kingdoms of Amalur from the developer 38 Studios. The developer declared bankruptcy after missing a loan payment shortly after the release of the game.…
The National Company Law Tribunal (NCLT) Hyderabad has extended by 90 days the deadline for Lanco Teesta Hydel Powers(LTHPPL) corporate insolvency resolution. The insolvency petition was filed by ICICI Bank. Ratakonda Murali, Judicial Member, said, I am satisfied that the Corporate Insolvency Resolution Process is to be extended by 90 days, beyond 180 days as…
It’s been 10 years since Iceland’s economy crashed, but Asthildur Thorsdottir and her husband Hafthor Olafsson are still struggling with crippling debt and an uphill legal battle to save their family home. After taking out what would end up being a toxic loan, the parents of two now adult sons have lived under the threat…
Debt-ridden young people in Coventry are declaring themselves insolvent before they reach their mid-twenties, it has been revealed. New data shows a total of 527 people in the city either went bankrupt, took on a debt relief order (DRO) or accepted an individual voluntary arrangement (IVA) to manage their debts in 2017. Of those, 34…
Fashion designer Lisa Ho, pictured at Waverley Local Court in 2017, had money stolen by Hamish McLaren. Photo: Jessica Hromas The renowned designer was introduced to McLaren through her ex-husband in late 2011 and paid him $850,000 of her superannuation with the expectation he would invest it. McLaren deposited $100,000 with a now-bankrupt investment company…
A JOINT fraud complaint to Queensland Police has alleged that one of Australia’s top four banks exposed 600 small businesses to $30 million in losses to allow it to recover more than $18 million it was owed by a failing builder. The complaint by two Sunshine Coast small business men, which is supported by NAB…
Lyndon Porretta, 47, from Newport was a carpenter, who held management positions in a number of joinery installation companies. In 2000, Lyndon Porretta set up Kruz Developments Ltd (Kruz) after he spotted a gap in the market caused by increasing demand for disability access. The company provided installation services to clients such as rehabilitation centres,…
Debt-ridden young people in Kirklees are declaring themselves insolvent before they reach their mid-twenties. New data shows a total of 821 people in the borough either went bankrupt, took on a debt relief order (DRO) or accepted an individual voluntary arrangement (IVA) to manage their debts in 2017. Of those, 44 were aged under 25.…