Mumbai: Indias dedicated bankruptcy court has sought to remove legal impediments to liquidation or loan-recovery proceedings by setting aside property attachment claims of state-run utilities or operational creditors that have not been paid their dues by bankrupt private-sector borrowers. The National Company Law Tribunals (NCLT) Allahabad bench said that district authorities cant prevent the sale…
Carlton Cole has been declared bankrupt despite earning millions over a 16-year career playing in the Premier League and for England. Most known for his time at West Ham, Cole once earned up to £30,000 per week. The 34-year-old was told of the verdict at London’s High Court and hopes his desperate situation can be…
NATHAN Tinkler has always been very good at collecting enemies. The one-time billionaire’s volatility and reputation for not paying his debts has seen him fallout with countless friends and people hes worked with, even his own family. Amid the wreckage of his collapsed business empire is his only sibling Donna Dennis and former trusted lieutenant Troy Palmer, both…
NATHAN Tinkler has always been very good at collecting enemies. The one-time billionaire’s volatility and reputation for not paying his debts has seen him fallout with countless friends and people hes worked with, even his own family. Amid the wreckage of his collapsed business empire is his only sibling Donna Dennis and former trusted lieutenant Troy Palmer, both…
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…