Insolvency Guardian Media Centre
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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Katie Price has revealed her bankruptcies gave her a “wake-up call” and made her take control of her financial affairs.
The TV star was first declared bankrupt in 2019 and then again in March 2024 after failing to pay a £750,000 tax bill.
After six years, the 46-year-old’s second bankruptcy was discharged earlier this month, weeks after the first one was cleared in February.
On The Katie Price Show podcast on Thursday, Katie celebrated the end of her financial hell and revealed that the experience has made her take charge of her money.
“(It was a) nice little wake-up call that you just have to look after yourself with things,” she told her sister Sophie. “Moving forward, I’m in control of everything. Well, I have been for ages now so I…
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TV personality and former soldier Ant Middleton has been banned from being a company director after his business failed to pay more than £1 million in tax.
The former star of Channel 4’s SAS: Who Dares Wins and his wife Emilie were the directors of Sway and Starting Limited before it went into liquidation at the end of 2022.
The Government’s Insolvency Service found that the couple were taking millions of pounds out of the company at the same time that taxes were not being paid.
Some £385,000 in VAT and £869,000 in corporation tax was owed between 2019 and 2022.
But the pair had taken out about £3 million from the company in the form of a directors’ loan by the time it went into liquidation at the end of 2022, the service said.