Insolvency Guardian Media Centre
KY woman stops at gas station while in search of ice cream, leaves with $1M lottery win Lexington Herald Leader
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Looking to consolidate debt or make home improvements? Consider these…
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Sunderland man stole Lego sets to help pay-off drug debt Sunderland Echo
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The collapse of Robin Hood Energy has left more than £53 million of bills unpaid, a report on its final liquidation shows.
The winding-up of the failed council-run energy company has been completed five years after it went into administration.
In the final round of the company, it was concluded there were 347 claims of owed money from individuals and companies amounting to £67.1 million in total.
According to the final report by liquidators, published last week, only £13.7 million of the claims has been paid out.
This means more than £53 million in claims will go unpaid by the failed firm.
Robin Hood Energy (RHE) was set up by Nottingham City Council in 2015 to compete with the ‘big six’ energy companies as a not-for-profit offering…
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The former interpreter for Dodgers star Shohei Ohtani was sentenced to nearly five years in prison and ordered to pay millions in restitution Thursday for bank and tax fraud in the theft of nearly $17 million from the three-time Major League Baseball MVP’s bank account.
Ippei Mizuhara, 40, was sentenced to four years and nine months in prison and ordered to pay restitution of $18 million. That figure includes restitution to Shohei Ohtani of $16,975,010 and to the IRS of $1,149,400. The sentence was largely in line with what prosecutors requested.
He also faces three years of supervised release.
Mizuhara, once part of the inner circle of one the world’s most famous athletes, appeared with his attorney about 40…
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(PDF) Corporate bankruptcy and insolvency prediction model ResearchGate
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Major League Baseball star Shohei Ohtani’s former interpreter has been sentenced to 57 months in prison after stealing nearly $17 million to repay gambling debts.
John W. Holcomb, the U.S. District Judge who oversaw the trial, sentenced Ohtani to just shy of five years in prison, followed by three years of supervised release. The disgraced interpreter was also ordered to pay nearly $17 million in compensation to the Los Angeles Dodger pitcher and $1.1 million to the Internal Revenue Service (IRS).
Following an initial ESPN investigation in March 2024, Mizuhara was removed from his role as translator/interpreter with the team. The investigation uncovered that he had sent millions in wire transfers from Ohtani’s account to an illegal…
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Australia’s largest glass maker, Oceania Glass, has collapsed following mounting losses and a failed bid to compete with cheap imports from China. Grant Thornton has been appointed as administrator of the company.
A 169-year-old glass manufacturer, Oceania Glass plays a key role in Australia’s glass supply industry. The company specialises in float glass, coated glass and laminated glass, providing its products to builders, architecture groups and clients across Australia.
After warning of the impact of cheap imports and its inability to be price-competitive with a homegrown business model, Oceania Glass has now been forced to enter voluntary administration, with a view to selling to a…
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New Delhi: Coffee Day Enterprises Ltd (CDEL), which owns the Cafe Coffee Day chain, is trying to negotiate a settlement with its creditor IDBI Trusteeship Services in parallel to the ongoing proceeding before insolvency appellate tribunal NCLAT. On August 14, 2024, the National Company Law Appellate Tribunal (NCLAT) stayed the insolvency proceedings initiated against CDEL by NCLT over the plea of DBI Trusteeship Services Ltd (IDBITSL). However, this was challenged by IDBITSL before the Supreme Court, which had on January 31, 2025, directed the Chennai bench of NCLAT to dispose of the pending appeal before February 21, 2025.
The apex court had also directed that if the appeal filed by CDEL is not disposed of by NCLAT, then the order…
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Insolvency-related activity decreases across Portsmouth and the South East Portsmouth News