Insolvency Guardian Media Centre
LONDON: Former prime minister Nawaz Sharif’s son, Hasan Nawaz Sharif, has been declared bankrupt by the London High Court in a tax and liability case filed by the UK government’s tax and revenue department, according to court documents.
As per the official UK Gazette, which keeps the public record, Hasan, a resident of Flat 17 Avenfield House, 118 Park Lane, and the company director has been declared bankrupt in the High Court Of Justice in case No 694 of 2023; filed on 25 August…
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HONOLULU (HawaiiNewsNow) – A new Aloha United Way report released today shows 1 in 3 Hawaii households considered moving away over the past year. Should the trend continue, it would have a devastating impact on our economy.
Hawaii’s high cost of living and lack of affordable housing mean more than half a million residents are barely scraping by.
That’s one of the findings from the 2024 State of ALICE in Hawaii report, which looks at the struggles of Asset Limited, Income Constrained, Employed households, known as ALICE.
First the good news: fewer Hawaii households are living in poverty — down to 12% versus 14% in 2022. ALICE households remained the same at 29%.
Advocates attribute the slight drop to government programs and increased…
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Greenleaf Fresh used advanced techniques to grow leafy greens such as lettuce, kale, rocket, herbs and microgreens.
Photo: 123rf
New Zealand’s first large-scale vertical farming business was not able to reach sufficient scale to achieve profitability and attempts to help it continue to trade have failed, the first administrators’ report reveals.
Greenleaf Fresh appointed liquidators on 30 December.
It produced goods under the Green Grower brand and had earlier received $3.5 million in public funding for research.
Administrators Adele Irene Hicks and David Ian Ruscoe, of Grant Thornton New Zealand, released their first report on 6 January.
It noted that the business used advanced technology to grow leafy greens such as…
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As Dragons’ Den returns two companies that won investment enter liquidation Insider Media
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New Delhi: Hasan Nawaz, the son of former Pakistan prime minister Nawaz Sharif, has been declared bankrupt by the High Court of Justice in London over unpaid tax liabilities. But Pakistanis see it as a way to hide wealth.
On Monday, Dawn reported about Hasan’s bankruptcy, the order for which was issued in April and published in the UK Gazette.
Supporters of jailed former prime minister Imran Khan lapped up the news, saying it could also be a business trick—“to extract money from other sources.”
“What does that mean? Is this some kind of game by Sharif family to skip some taxes or what?” said one user on X, with a cover photo of Imran Khan on the profile.
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Dem-run city may go bankrupt thanks to public sector pension scheme MSN
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If you don’t pay off your credit card balance in full each month, you’re likely facing high interest charges. The average credit card annual percentage rate, or APR, is higher than 20%, making it even more expensive to carry credit card debt.
A balance transfer moves your credit card debt from a card with a high APR to one with a 0% introductory APR for a certain period of time, giving you more space to pay down your balance without accruing additional interest. This in turn can help boost your credit score.
But a balance transfer card isn’t right for everyone. If you’re trying to figure out if a balance transfer makes sense for your debt repayment plan, here’s what you should know.
How balance transfers work
A balance transfer is…
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2025-01-09T21:36:02+00:00
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Credit: Asian Peoples’ Movement on Debt and Development (APMDD)
– The debt disaster is back. Indeed, the aid agency Cafod reports that developing countries today face “the most acute debt crisis in history”.
At least 54 countries are in a debt crisis – more than double the number in 2010. A further 57 countries are at risk of debt crisis. In the past decade, interest payments for developing countries overall have risen by 64%, and for Africa by 132%.
African countries are paying over 100 billion dollars a year to…
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In 2023-24, The British Gas Energy Trust (the Trust) was able to support more than 64,000 households across Britain with money and energy advice, emergency fuel payments, white goods and energy debt grants.
With the recent increase to the energy price cap, and the ongoing cost of living, many households are facing even greater challenges in keeping their homes warm and their energy bills manageable.
The Trust currently has two energy debt support funds open, to help those struggling this winter. The Individuals and Families Fund and Energy Support Fund are two funds offering up to £2,000 in grants to British Gas and non-British Gas customers across England, Scotland and Wales.
…
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Historic Vote: Flint Council passes landmark medical debt relief plan for thousands of residents Flint Courier News
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Directors of troubled Thames Valley and Wiltshire companies struggling to repay Covid loans may be ‘sleepwalking’ into director disqualification if they don’t take the right advice at the right time.
The warning comes from Mike Pavitt, council member for the Southern and Thames Valley Region of R3, the UK’s insolvency and restructuring trade body.
He said: “Covid-related loan repayment difficulties have not gone away, especially with new tax burdens anticipated in the Spring, and nor, it seems, has the Insolvency Service’s appetite for pursuing director disqualifications…