Airport transfer business Resorthoppa went into administration this month owing £8.25 million, according to administrators.
A statement of proposals by joint administrators James Saunders and Michael Lennon of KR8 Advisory confirmed the extent of the failure and warned funds are unlikely to be realised to pay preferential creditors or the full costs of administration, let alone unsecured creditors.
Resorthoppa (UK), parent company Resorthoppa and associated businesses WWTE and Move Technologies, were placed in administration on March 4 and the business and assets immediately sold in a pre-packaged administration to the newly formed Hoppa Group for £398,000. US transfer technology platform Elife Tech is the sole shareholder in Hoppa…
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Darts star declares bankruptcy and fears losing his home Daily Mail
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Source: Straits Times
Article Date: 21 Mar 2025
Author: Selina Lum
Judge finds he intended to gift properties, making her both the legal and beneficial owner.
The High Court on March 20 dismissed a claim by motoring tycoon Peter Kwee that he is the true owner of five properties that are registered in the sole name of his daughter Karen.
In a written judgment, Justice Philip Jeyaretnam accepted that Mr Kwee funded the purchase of the properties and that the businessman bought properties in the names of his family members for business strategy and wealth planning purposes, including avoiding estate duty.
However, the judge found that Mr Kwee had intended…
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How did 23andMe go bankrupt?
The same way bankruptcy was described by Ernest Hemingway in 1926: “Two ways: Gradually, and then suddenly.”
Since its founding in 2006, the company, which aimed to give consumers access to their genetic information, faced what seemed like one killing blow after another: questions of whether its business was ethical, the Food and Drug Administration blocking the sale of its tests, and, last year, a cyberattack in which hackers gained access to the records of 7 million of its customers. But, in the end, it was investors growing impatient with its business and bidding down its stock over the past year the finally led 23andMe to file for Chapter 11 protection.
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23andMe, the popular genetic testing service with DNA samples collected from millions of Americans, announced it is voluntarily filing for Chapter 11 bankruptcy. News of the pending bankruptcy came mere weeks after 23andMe’s board rejected an acquisition proposal from the company’s co-founder and CEO Anne Wojcicki. Instead, it will look to restructure its debt and find a buyer elsewhere, leaving existing customers to wonder what will happen to their DNA data.
What Is Chapter 11 Bankruptcy?
There are several different forms of bankruptcy, with Chapter 7, Chapter 11, and Chapter 13 the most common. There is no right or wrong form, just different means to a desired end.
Chapter 11, which is the path 23andMe has chosen, allows…
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People owe more money for gas and electricity bills than ever before. New calculations from the energy consultancy firm Baringa reveal the average typical energy debt is £1,500 – that’s up £300 in a year. The total owed to energy companies is 3.8 billion pounds, which is almost double what it was two years ago.
Energy prices are also forecast to rise by 5% from April, adding £85 a year to household bills meaning a household using a typical amount of gas and electricity would pay £1823 a year.
In this Money Box Live, we’re finding out how to manage energy debts and how to avoid getting into the red in the first place.
Ruth Alexander is joined by Matthew Sheeran from the free debt advice provider, Money Wellness, and Eleanor Taylor from…
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Households are braced for a fresh round of bill hikes in April – and some may have to dip into savings or perhaps even go further into debt to cover expenses.
If you’re slipping further into the red, support is available, and Debt Awareness Week (March 24 to 30 2025) encourages those with money worries to open up and take steps to get help.
Richard Lane, chief client officer at StepChange Debt Charity, says: “Debt is a normal part of life for many people, whether it be a mortgage, car finance agreement or credit card.
“Borrowing on credit can be a useful to manage chunky expenses and spread the cost of a big purchase. However, debt can be a sensitive topic, and the stigma around it often prevents people from talking openly or…
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In a statement released to correspondents in New York, the UN denounced the Houthis’ targeting of merchant and commercial vessels in the key waterway which includes the Suez Canal and reported attacks against military vessels.
The UN is concerned about the continued threats by the Houthis to resume their attacks targeting merchant and commercial vessels in the Red Sea, as well as about their reported attacks against military vessels in the area, calling for “full freedom of navigation.”
US strikes
“We reiterate our concern at the launching of multiple strikes on Houthi-controlled areas in Yemen by the United States in recent days,” the statement continued.
“According to the Houthis, the airstrikes over the weekend resulted in 53 deaths…
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Energy prices are rising faster than benefits, wages or pensions, meaning the amount that UK households owe to energy suppliers – their energy debt – is also likely to grow.
On April 1 2025, the energy price cap, which is the maximum amount suppliers can charge, will rise by 6.4%. This is the third consecutive quarterly increase, and a rise of 9.4% compared with the limit set the previous April, which amounts to an increase of £159 on the typical bill.
Meanwhile, benefits such as universal credit are being increased by only 1.7%, which will mean those on low incomes will find it challenging to pay for the energy they need. The increase is so low because, every April, benefits rise in line with the rate of overall inflation…
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Zorzi family owed millions from former building empire The West Australian
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Enjo clean queen bins operating firm amid $1m rental stoush The West Australian
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