Devendra Jain, a veteran insolvency professional recently faced a tough time when he was kidnapped from a Mumbai suburb. A group of investors, attempting to derail insolvency proceedings, mistook him for a company official in relation to a ponzi-scheme case. Jain, who is also the founder-chairman and managing director of NPAsource.com, an NPA-listing portal for…
The Big Four accountancy firms have lived a charmed life. Despite repeated audit scandals their profitable oligopoly has survived intact. Now, in the light of this weeks damning parliamentary report on the collapse of UK government contractor Carillion, an overdue reckoning may be imminent. The case of Carillion perfectly illustrates the lack of competition and…
© Anthony Harvey / Getty Images Former Geordie Shore star Chantelle Connelly has filed for bankruptcy. The 28-year-old, who quit the show in November 2016, is now unemployed and was declared bankrupt on May 10. “I don’t want to speak about it,” she told ChronicleLive when it contacted her for comment. The TV star’s bank…
A housing development on Auckland’s North Shore has left creditors millions of dollars out of pocket. Chelsea View Estate Trust initially planned to build a series of terraced houses on the site, but the project has fallen into financial trouble. According to the Companies Office, liquidators Rodgers Reidy were appointed to the company on May…
The issue of whether or not the Conway Golf Club can be sold could be decided June 13 when a hearing on the sale has been scheduled in the Horry County Master of Equitys Court, according to information filed recently in the Horry County Court of Common Pleas. The hearing is scheduled to begin at…
Borealis Maritime is expanding its fleet with pair of sub-panamax boxships bought for about $22.6m. The UK-managed operation has emerged as the buyer of the 2,510-teu Hermes (built 2006), one of four former Hansa Treuhand-financed sub-panamaxes that were declared insolvent in May 2016. The Hermes was bought for $10.3m and was delivered to its new…
EX-Geordie Shore star Chantelle Connelly has been declared bankrupt. Her financial troubles follow her GBH conviction for punching a woman in a brawl in Newcastle. BackGrid Chantelle Connelly poses in Marbella as it’s revealed she is bankrupt Official papers show the 28-year-old, who is this week sunning herself in Marbella with friends, asked to make herself…
The mother allegedly disappeared after the collapse of her marriage, which happened about the time she was declared bankrupt. The court heard she vanished during a custody dispute, and believed the girls were being abused by their father. There was no evidence to support that claim, the court heard. Since the woman was located, the…
A mother who allegedly fled Queensland with her twin daughters and hid them from their father for four years won’t be able to contact them under bail conditions. The 45-year-old was charged with two counts of child stealing after she was allegedly found with the girls, aged 11, in the NSW town of Taree two…
Mothercare is to close 50 stores with the potential loss of at least 800 jobs and is rehiring its former chief executive who was sacked only last month under a rescue plan designed to secure the future of the struggling baby goods and maternity retailer. The group said Mark Newton-Jones, who was ousted in April,…