FORMER England international Carlton Cole has gone bankrupt despite earning £30,000 a week at the peak of his career. The 34-year-old striker, who played for Premier League clubs Chelsea and West Ham, was given the verdict at London’s High Court. PA:Press Association Carlton Cole earned millions during nine seasons on the books of West Ham…
Adriano Zumbo’s dessert empire may have been trading insolvent since at least mid 2017, raising questions about the dessert king’s breach of obligations as a company director. In July, three of Mr Zumbo’s companies 611 Pty Ltd, Mel 611 Pty Ltd and I’m So Fancy Pty Ltd went into voluntary administration. According to the administrators’ report, sent to creditors…
Despite making up 20 per cent of Western Australias personal insolvency figures, people in regional WA are faring much better than those in the greater metropolitan area, according to the latest statistics. Statistics for the June quarter from the Australian Financial Security Authority showed that 19 per cent of personal insolvencies in regional areas over…
The personal insolvency rate in Wales across 2017 was higher than the previous year, and higher than Englands rate, says insolvency trade body R3. In all, 23 people per 10,000 adults became insolvent in Wales in 2017, compared with 21.5 the previous year, according to the Insolvency Services figures. Waless 2017 rate of personal insolvency…
The director of a hair transplant company that treated famous customers has gone bust after being confronted with a number of complaints. Simon Lindsay has declared himself bankrupt with debts of almost £300,000 following the collapse of his company KSL Hair in Glasgow. The business performed transplants for the Celtic footballers Leigh Griffiths and Anthony…
Mike VanErdewyk founded ReliaMax in 2006. On June 27, 2018, a judge approve a state plan to liquidate the company.(Photo: Submitted) A Yankton-based bank is demanding that ReliaMax Holding Co. turn over office furniture and other equipment that was collateral in exchange for millions of dollars in loans. First Dakota National Bank could be out…
New Delhi, Aug 21 () The National Company Law Appellate Tribunal (NCLAT) has stayed the liquidation of debt-ridden real estate firm Jyoti Structures and barred any sale of its assets till further orders. The appellate tribunal has directed the Mumbai bench of the National Company Law Tribunal (NCLT) and the resolution professional of the company…
Ryan Thomas inside the Celebrity Big Brother house during series 22 [Channel 5] Former Coronation Street star Ryan Thomas entered Celebrity Big Brothers Eye of the Storm series alongside the likes of Dan Osb… Read the full article at: https://www.ok.co.uk/celebrity-feature/1447658/ryan-thomas-bankrupt-celebrity-big-brother-bankruptcy-how-why-money
A rise in high-profile banking frauds led to the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018. The ordinance, effective from 6 June, presses for greater transparency in the corporate insolvency resolution process (CIRP), to prevent unscrupulous persons from misusing or vitiating the provisions of the Insolvency and Bankruptcy Code, 2016 (IBC). Deepak SabharwalManaging partnerDeepak Sabharwal…
The late Mark Boscariol’s three restaurants were closed abruptly because the company operating them was insolvent, says his family. In a release sent to CBC News Monday, the family of the entrepreneur says that decision was made while administering Boscariol’s estate. “As common in small businesses, the founder is the glue that keeps the business together through…