The taxman is being pushed up the pecking order when a company goes bust, to the irritation of other creditors. It is a short-sighted cash grab, says R3, the trade body for restructuring specialists and liquidators that decide who gets what when a company fails. The government hasnt thought through the total impact on lending…
Personal insolvencies totalled 12,779 from 10,602 in 2017-18. Estimates for 2018-19 are provisional until final figures are published on 24 July 2019. Most of the increase was down to protected trust deeds (PTDs), which increased by 32.9% on the previous year, reaching 7,917 compared to 5,958 in 2017-18. Overall, the number of bankruptcies and PTDs…
Image copyright Reuters Image caption Inspectors found a string of environmental breaches at the HES site in Shotts. Clinical waste firm Healthcare Environmental Services (HES) has gone into liquidation four months after all of its staff were made redundant. Accountants BDO have been appointed to the Lanarkshire-based company which lost multi-million pound contracts with NHS…
Germanys Johs Thode has finally exited the shipowning business. The Hamburg-based shipowner is understood to have sold its last vessel, the 1,118-teu Hanse Fortune (built 2006). The container feeder vessel was the last of four vessels to be sold in the past few weeks. Details of the transaction remain unclear, but German financial sources said…
Queensland senator Fraser Anning. Picture: AAP Far right senator Fraser Annings candidate for the central Victorian seat of Bendigo says she has been illegally and unlawfully declared bankrupt, defending her decision to nominate in contravention of Section 44 of the Constitution. Former Bendigo councillor and anti-mosque activist Julie Hoskins Australian Electoral Commission nomination form shows…
VOTERS could face a number of zombie candidates, as the Australian Electoral Commission referred a Senate nominee to the federal police. Former One Nation and independent senator Rod Culleton was disqualified from parliament in a High Court decision in 2017. However, he has declared on his nomination form for the West Australian Senate he was…
Far-right senator Fraser Annings candidate for the Victorian seat of Bendigo is an undischarged bankrupt, making her ineligible to nominate for the May 18 federal election. Former Bendigo councillor Julie Hoskin formally nominated for the central Victorian lower house seat yesterday, having completed the Australian Electoral Commissions new qualification checklist relating to section 44 of…
Voters could face a number of “zombie candidates”, as the Australian Electoral Commission referred a Senate nominee to the federal police. Former One Nation and independent senator Rod Culleton was disqualified from parliament in a High Court decision in 2017. However, he has declared on his nomination form for the West Australian Senate he was…
Thirteen Scots a day are being declared bankrupt as the impact of Brexit uncertainty and welfare cuts saw numbers soar over the past year. The Scottish Government says a growing number of people are facing “increased financial pressures” as the economic situation becomes increasingly uncertain. A total of 12,779 Scots were declared insolvent in 2018/19…
By Press Association Published: 20:43 AEST, 24 April 2019 | Updated: 20:44 AEST, 24 April 2019 The number of people in Scotland being declared insolvent rose by more than 20% in a year, new figures indicate. Accountant in Bankruptcys provisional estimates show personal insolvencies increased 20.5% from 10,602 to 12,779 between 2017/18 and 2018/19. The…