After making a decision on whether bankruptcy is the right option, there are forms and fees to submit. It costs a total of £680 to apply to go bankrupt, and this is non-refundable unless the application is cancelled before being submitted. Citizens Advice suggest withdrawing money for living costs before submitting the final application. Once…
Around 13% of companies in Wales may have suffered a financial hit following the insolvency of a customer, supplier or debtor in the last six months, according to new indicative research from the Welsh branch of R3, the insolvency and restructuring trade body. The Welsh figure is lower than the proportion of UK companies reporting…
Related Posts Kevin Cash struck gold during his 20s, managing to build an estimated £500 million (around R8,7 billion) fortune. He was less lucky in the marriage department, but they say the fourth times the charm. His most recent marriage is to South African model Carla La Reservee, with the pair having tied the knot back in…
At Leeds Crown Court [Tuesday 31 July] former company director Jonathan France was sentenced to 10 years, as well as being disqualified as a company director for 12 years. Also at court were his accomplices Jody Firth and Graham Myles Schofield having assisted Jonathan France carry out his dishonest activities. Jody Firth was sentenced for…
Orange has the equal second highest number of personal bankruptcies in NSW and the equal eighth highest in Australia. It found 77 people in Orange were declared bankrupt in the 2018 financial year, the highest in three years. The number equalled Dubbo and was only behind Port Macquarie (82) for the highest in NSW. The West…
UPDATE, 2.20pm: FORMER director of Kimberley Kampers Bruce Loxton has revealed Australia’s biggest caravan manufacturer Jayco offered the buy the Ballina business a few years ago. Amid speculation over whether the Kimberley brand might still have a future with the right buyer, Mr Loxton confirmed Jayco had shown serious interest in the company. Gerry Ryan,…
ITS the homegrown Australian fresh food favourite, promoted by the likes of Pete Evans and Steve Commando Willis, that hoped to be so successful it would be biting at the heels of McDonalds by the early 2020s. Now, the chain is desperately seeking a buyer to secure its future and that of hundreds of staff.…
Ghanas central bank, the Bank of Ghana (BoG) on Wednesday announced the creation of a new bank meant to serve customers of five stressed banks. The affected banks were named as: Unibank, The Royal bank, Sovereign Bank, Beige Bank and Construction bank. Unibank has links with a former BoG governor and one time Minister of…
The rate of Australians declaring bankruptcy is increasing as record high household debt takes its toll, new data has revealed. According to data analytics company illion, 32,350 Australians have declared bankruptcy in the 2018 financial year, marking a 4 per cent increase. The lights are flashing red across several regions in terms of rising consumer…
Last month, the Australian Financial Security Authority (FSA) released personal insolvency statistics for 2017-18, which revealed a sharp rise in total personal insolvencies to the highest level since the Global Financial Crisis (GFC): In particular, debt agreements hit the highest annual number on record in all states and territories except Tasmania after posting the seventh…