Brits living in seaside towns have the highest rates of personal insolvency where people are unable to pay their debts or meet their financial liabilities as these areas struggle to cope with economic decline, according to new figures. Research by accountancy firm Moore Stephens of 573 parliamentary constituencies found that seven out of the 10…
Former rugby league star Jarrod McCracken has been handed a $5000, two-year good behaviour bond for leaving the country while bankrupt. McCracken, 47, appeared in Brisbane Magistrates Court on Monday where he pleaded guilty to three charges of leaving Australia, and one of preparing to leave Australia, while an undischarged bankrupt. Former New Zealand rugby…
HONG KONG (Reuters) Noble Group Ltd <NOBG.SI> warned on Monday that it would begin insolvency proceedings if the beleaguered commodity traders $3.4 billion (£2.4 billion) debt restructuring proposal was not approved by shareholders. Nobles debt restructuring process is seen as critical for the firms survival. But the deal has been opposed by some bondholders and…
Former rugby league star Jarrod McCracken has been handed a $5000, two-year good behaviour bond for leaving the country while bankrupt. McCracken, 47, appeared in Brisbane Magistrates Court on Monday where he pleaded guilty to three charges of leaving Australia, and one of preparing to leave Australia, while an undischarged bankrupt. Former league star Jarrod…
HONG KONG (Reuters) – Noble Group Ltd (NOBG.SI) warned on Monday that it would begin insolvency proceedings if the beleaguered commodity traders $3.4 billion debt restructuring proposal was not approved by shareholders. Nobles debt restructuring process is seen as critical for the firms survival. But the deal has been opposed by some bondholders and shareholders,…
Former rugby league star Jarrod McCracken has been handed a $5000, two-year good behaviour bond for leaving the country while bankrupt. McCracken, 47, appeared in Brisbane Magistrates Court on Monday where he pleaded guilty to three charges of leaving Australia, and one of preparing to leave Australia, while an undischarged bankrupt. The court heard the…
Embattled commodity trader Noble Group Ltd. issued a defense of its planned restructuring, saying that if shareholders vote down the plan, it will probably enter insolvency proceedings in the U.K. and existing equity holders risk being wiped out. If the primary restructuring is not approved by shareholders, the board will have no option but to…
Former rugby league player Jarrod McCracken has pleaded guilty to leaving the country while bankrupt. McCracken appeared in Brisbane Magistrates Court on Monday to face four charges of leaving and preparing to leave Australia while an undischarged bankrupt without the consent of a trustee. The embattled former New Zealand footballer, who will be sentenced on…
Former Auburn deputy mayor Salim Mehajer has been slapped with drug dealing charges a week after being declared bankrupt. In the latest blow for Mehajer, who has been behind bars charged with conspiracy to pervert the course of justice and conspiring to cheat or defraud since January, he has now been charged relating to the…
Bankruptcy can be avoided if you heed these simple tips. Having to declare bankruptcy is a scary proposition for many. And while no one ever wants to find themselves in a situation where theres no other alternative, sometimes lifes events simply make it inescapable. Unfortunately, small business owners make up a high percentage of those…