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…
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…
Contrary to what many believe, the US federal government does not spend the bulk of its revenue on its military. Or even on politicians hefty paycheques. Instead, almost 45% of taxpayer dollars go to support Medicare, Social Security and disability benefits to the tune of $2.43 trillion (US$1.74 trillion) per year. But in a sign…
Four of the UKs largest real estate investment trusts are heavily exposed to struggling retailers and CVAs, the rising insolvency trend which has become synonymous with the decline of the high street, UBS has warned. The analysis looked at the portfolios of four real estate investment trusts: British Land, Landsec, Hammerson, and Intu. Its findings…
Asset Backed Management Limited was placed into provisional liquidation on 12 April 2019 following an application issued by the Insolvency Service on behalf of the Secretary of State for Business, Energy and Industrial Strategy. The company has been selling asset investment opportunities to members of the public, including corporate bonds and alternative bonds, and was…
CALGARY A research report by AltaCorp Capital shows the number of companies actively drilling in Canada has declined by 40 per cent since the oil price crash of late 2014. The analysis cites industry data which shows only 26 drilling contractorshave been working so far in 2019, 17 fewer than observed in 2014. It says…
Bulgaria won the arbitration case filed by the State General Reserve Fund of the Sultanate of Oman at the International Centre for Settlement of Investment Disputes (ICSID), part of the World Bank group, the Bulgarian National Bank (BNB) said on April 22. The Omani fund filed its arbitration claim in October 2015, after it lost…
Bankruptcy is a legal process by which individuals or business entities who are unable to repay the debts incurred by them can seek relief from their creditors. The bankruptcy law of India is the Insolvency and Bankruptcy Code 2016. It seeks to consolidate the current laws by creating a single insolvency and bankruptcy law. The…
Please Update your browser Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.Just click on the icons to get to the download page. Court to declare businessman bankrupt if he fails to repay loans Made Anthony Iswara The…