Katie Price will have one of her two bankruptcies dropped.

Once thought to have a net worth of £40m, the former glamour model has been declared bankrupt for the second time in March last year over an unpaid tax bill of £761,994.05. The mum-of-five, 46, was first declared bankrupt in 2019.

The news one of her two bankruptcies will be left was decided at a specialist bankruptcy court in London on Tuesday but the reality TV star was not in attendance.

What we know

Price was due to be quizzed over her finances at a hearing known as a public examination.

Bankruptcy orders typically end after a year in England and Wales but the automatic discharge of…

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Australia’s property sector troubles have deepened, putting the future of the country’s tallest residential development in question, after developer Beulah International put the project manager of its high-profile Sth Bank project into voluntary administration.

Pitcher Partners’ David Vasudevan and Lindsay Bainbridge were appointed administrators of BSSPV Pty Ltd after architecture firms Cox Architecture and UN Studio – designers of the $2.7 billion twin-tower project in Melbourne – lodged wind-up orders against it.

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The move by the company is aimed at enhancing employee satisfaction and retention while fostering a culture of shared success and growth within the organisation, according to a release.

“This programme is generating 5X growth while underscoring Rapido’s commitment to recognising and rewarding the contributions of its employees…while providing wealth creation opportunities,” it said.

The ESOP buyback programme saw participation from both current and former employees of Rapido,…

Peavey Mart is warning customers about online scams after the retailer announced last month that it was closing all stores. 

In a social media post on Monday, the retailer said it is aware of fake Peavey Mart websites and social media accounts. 

Peavey Mart stores are having liquidation sales, but they are in-store only, the company said. 

Online orders are not being accepted through its website, and its legitimate social media accounts are verified, Peavey Mart said. 

Customers who may have been the victim of fraud from a site impersonating Peavey Mart should immediately contact their credit card company and the…

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Facebook App: Open links in External Browser

There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser.

This can be done through the following steps:

1. Open the settings menu by clicking the hamburger menu in the top right

2. Choose “App Settings” from the menu

3. Turn on the option “Links Open Externally” (This will use…

The National Company Law Tribunal (NCLT), Delhi, has held that a petitioner cannot initiate the Corporate Insolvency Resolution Process (CIRP) under Section 9 of the Insolvency and Bankruptcy Code, 2016 (IBC) if the business arrangement between the parties involves joint participation and profit-sharing rather than a straightforward operational debt. The Tribunal ruled that such an arrangement does not establish a debtor-creditor relationship under the IBC.

A bench of Mahendra Khandelwal, Member (Judicial), and Dr. Sanjeev Ranjan, Member (Technical), held, “Had there been the relation of the Operational Creditor and the Corporate Debtor between the parties, there would have been no provision for the ‘profit sharing’ amongst them, as the…