Bankruptcy as a debt solution

PUTRAJAYA: The rising trend of individuals declaring voluntary bankruptcy is becoming a growing concern, signalling that many are struggling with severe financial difficulties. In recent years, more people have opted to declare themselves bankrupt through a Debtor’s Petition, a legal process filed in court to protect themselves from excessive creditor claims. Insolvency Department director-­general Datuk…

Christchurch eateries fold with $2.54m debt

A Christchurch takeaway and restaurant business with sushi outlets under the Hachi Hachi brand has folded while owing staff holiday pay and a hefty tax bill. The seven companies, owned by Hachi Hachi founders and directors Titi Khemarangsan and Bundit Kijpalakorn, were placed in voluntary liquidation on March 25. Initial liquidator reports for the businesses…