Stay informed with the latest in insolvency news and industry updates. We can keep you up to date with insolvency and finance information from around the world.
A report presented to the Corporate Services Committee revealed that West Dunbartonshire Council’s debt management team collected 97.29 per cent of the £92.1 million owed in non-domestic business rates.
However, members agreed to write off £637,211 of non-domestic business rates dating back to 2019, after all collection avenues were exhausted.
The majority of this sum is owed by dissolved businesses, including a debt owed by one company of more than £364,470.
Councillor William Rooney, convener of corporate services, said: “I would like to thank the corporate debt team for their outstanding efforts in collecting monies due to the council.
“The council rigorously pursues all outstanding debt through the Corporate…
Katie Price had one of her two bankruptcies discharged today following a hearing at a specialist court in London.
But the 46-year-old ex-glamour model still owes the taxman a staggering £750,000 after plunging into debt.
Price was was twice declared bankrupt – including in 2019 over her unpaid bills.
Her financial woes were so dire, the big-busted reality star was forced to flog off her £2million ‘Mucky Mansion’ for a fraction of the price to try and back into the black.
At a public examination hearing, the first of Price’s bankruptcy orders was discharged.
Bankruptcy orders typically end after a year in England and Wales, but the automatic discharge of Price’s first bankruptcy was suspended, meaning she was still bound by its terms.
JAKARTA – Bad news has come to automotive aftermarket enthusiasts. Two big names in the industry, Recaro and BBS, are experiencing serious financial problems. The well-known seat company Recaro has filed for bankruptcy, while the iconic rim brand BBS has been declared bankrupt.
Recaro, which is known as a supplier of high-quality seats for major brands such as BMW, Volkswagen, and Porsche, is now on the verge of bankruptcy. So is BBS, which also collaborates with well-known manufacturers such as Mercedes-Benz, Honda, and Audi.
Despite having strong ties with the high-end automotive industry, why did these two companies fall into a financial crisis?
According to a report from CarBuzz, Friday, August 2,…
KATIE Price today had one of her bankruptcies thrown out – but still owes the taxman £750,000.
The ex-glamour model, 46, was twice declared bankrupt – including in 2019 over unpaid debts.
3
The star has been declared bankrupt twiceCredit: PA
At a hearing at a specialist bankruptcycourt in London today, the first claim was discharged.
Bankruptcy orders typically end after a year in England and Wales but in Katie’s case, it was suspended.
This was today lifted by Insolvency and Companies Court Judge Sebastian Prentis.
Barrister Darragh Connell, representing the trustee of Price’s bankruptcies, said: “The public examination of the first bankruptcy can be formally concluded in open court.”
Katie is still battling a £760,000 unpaid tax bill…
Former glamour model Katie Price is to have one of her two bankruptcies discharged following a hearing at a specialist court in London.
The 46-year-old was due to face questions over her finances on Tuesday at a hearing known as a public examination after first being declared bankrupt in 2019.
Bankruptcy orders typically end after a year in England and Wales, but the automatic discharge of Price’s first bankruptcy was suspended, meaning she was still bound by its terms.
The suspension was lifted by Insolvency and Companies Court Judge Sebastian Prentis on Tuesday, backdated to late last year, meaning the first bankruptcy will now be discharged.
Barrister Darragh Connell, representing the trustee of Price’s bankruptcies, said: “The…