The far-right activist Tommy Robinson is being pursued for an estimated £2m by creditors after he claimed bankruptcy during a high court libel trial.

The English Defence League founder, whose real name is Stephen Christopher Yaxley-Lennon, declared himself bankrupt in a high court trial last year in which he was ordered to pay £100,000 in libel damages to a Syrian schoolboy he defamed online.

In March Robinson will be officially discharged from bankruptcy, meaning he no longer has to pay back any debts covered by the filing – including the six-figure legal fees.

It emerged on Thursday that creditors have asked an independent insolvency expert to investigate whether Robinson’s claim is genuine or whether he is “hiding” assets to…

Recognising the differences between micro, small and medium enterprises and larger corporates, the Insolvency and Bankruptcy Board of India (IBBI) has proposed that any firm undergoing insolvency proceedings should disclose its status.

It is proposed to amend Regulation 36 of the CIRP Regulations for making disclosures about the status of the corporate debtor, being registered or not, as a micro, small or medium enterprise in accordance with the provisions of the Micro, Small and Medium Enterprises Development Act, 2006, the IBBI has said in a recent discussion paper.

It has also proposed that in case available documents with the Resolution Professional, indicates that the corporate debtor falls within the category of MSME, he or she…

• John Barnes has been banned as a company director after his company did not pay tens of thousands of pounds in both VAT and corporation tax 
• Insolvency Service investigations began after his John Barnes Media Limited company went into liquidation in 2023 

Former England and Liverpool footballer John Barnes has been banned as a director after his company failed to pay tens of thousands of pounds in tax. 

Investigations by the Insolvency Service revealed that between 2018 and 2020, the 60-year-old’s company, John Barnes Media Limited, failed to pay more than £190,000 in corporation tax and VAT, with HM Revenue and Customs its only known creditor when it ceased trading. 

Barnes, whose business address is Park Court,…

Advent Technologies Holdings, Inc. (NASDAQ:ADN), a manufacturer of miscellaneous electrical equipment, announced today that its Danish subsidiary, Advent Technologies A/S, has been declared bankrupt pursuant to the Denmark Bankruptcy Act. The bankruptcy declaration was made on Thursday, July 25, 2024.

The proceedings will be overseen by Attorney Ulla Skov of ADOKATFIRMAET BØRGE NIELSEN, who has been appointed as the curator. The news comes as a significant development for the company, which is incorporated in Delaware and has its principal executive offices in Livermore, California.

Advent Technologies Holdings, Inc., which is also known by its former name AMCI Acquisition Corp., is listed on The Nasdaq Stock Market LLC. The company’s…

A family and wellbeing hub has opened in a part of Plymouth to support residents in need, the city council has said.

Southway Family and Wellbeing Hub opened on Thursday and offers advice on debt, housing, careers and also help for families.

Jemima Laing, deputy leader of Plymouth City Council and cabinet member for children’s social care, said: “It works as a one stop shop for people in the local area who might need advice or support.”

She said it was the eighth wellbeing hub and the ninth family hub to open in the city.

The wellbeing hub is part of a Plymouth City Council project and builds on work by the Southway Community Group and its volunteers.

Ms Laing said: “People really thrive when they have things on their doorstep, when they…

Jakarta (ANTARA) –
Indonesia’s debt is so far in line to support national economic development, according to deputy for macro economy and finance coordination at the Coordinating Ministry for Economic Affairs, Ferry Irawan.

Debt management is continuing to be carried out carefully and measurably by maintaining the optimal interest rate, currency, liquidity, and maturity risks so that the state budget can remain healthy, credible, and sustainable.

“Government carries out funding through debts to meet the state budget funding needs when state revenue is not yet fully able to fund all state spending or when investment funding is needed,” Irawan said in a statement released by the ministry on Saturday.

During the 2014–2019 period,…

Debt remains one of the biggest single issues that is brought to the Scottish CAB network, second only to social security benefits (though the two are often inter-linked).

The good news is that we really can help people in debt. There are various things we can do: very often creditors are actually willing to talk about finding solutions to the problem, but that of course requires the person in debt to contact them and so many people are frightened to do this and can’t face it or perhaps don’t know how to do it, so the debt remains unpaid and the interest spirals.

MATRICS equips advisers with the skills to contact the creditor on the client’s behalf and encourage a pragmatic engagement between them to reach an outcome…

The Supreme Court has declined to halt the operations of the Committee of Creditors (CoC) involved in the insolvency resolution process of the Ed-tech firm Byju’s. The CoC represents the creditors of a company during bankruptcy or insolvency proceedings.

The apex court had previously reinstated the insolvency process against Byju’s on August 14, overturning an August 2 decision by the National Company Law Appellate Tribunal (NCLAT) that had permitted the settlement of Byju’s approximately INR 158.9 crore debt with the Board of Control for Cricket in India (BCCI).

A Bench led by Chief Justice of India (CJI) DY Chandrachud, alongside Justices…

The Dutch city of Arnhem is going to cancel the debts of some of the poorest families in the Netherlands in an attempt to break a health-crushing downward spiral and give people a fresh start.

Earlier this month, municipal officials began knocking on doors in the Immerloo II district, one of the poorest neighbourhoods in the Netherlands, offering to pay off problem debts.

At first, people were naturally suspicious, according to Mark Lauriks, the councillor in charge of social security at Arnhem, who is leading the scheme. Immerloo II residents were used to debt collectors and wary of the government, he said. But that soon changed when the details – total debt forgiveness with no strings attached – emerged in the media. “With the…

jacoblund/ Getty Images; Illustration by Austin Courregé/Bankrate