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.
The government appointed commissioners to help run the council in February.Changes were already being overseen by a government-appointed board following
Balances in the U.S. rose to $1.14 trillion in the second quarter in 2024, according to the Federal Reserve Bank of New York’s Center for Microeconomic Data .
If you’re among those with credit card debt and you’re ready to lower it or pay it off, we have a five-step guide to give you some options.
1. Find a payment strategy or two
Consider these methods to help you pay off your credit card debt faster. Having a concrete repayment goal and strategy will help keep you — and your credit card debt — in check.
Pay more than minimums
Credit card issuers give you a monthly minimum payment, often 2% of the balance. Remember, though: Banks make money off the interest they charge each billing period, so the…
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Katie Price has broken her silence after an arrest warrant was issued for her over a failed court appearance for unpaid taxes.
The glamour model, 46, was scheduled to appear at a London court on Tuesday (30 July) over the unpaid tax bill of £750,000 but failed to attend as she was having cosmetic surgery in Turkey.
The former glamour model was due to face questions about her finances in the specialist bankruptcy court from barristers representing the trustee of her two bankruptcies.
Insolvency and Companies Court judge Catherine Burton said: “It is in my judgment necessary that the court issue a warrant for Ms…
When a Melbourne mother discovered her 16-year-old son was gambling tens of thousands of dollars she began a frantic mission to get him help, only to be repeatedly turned away.
In April last year she contacted more than 30 individuals and organisations, including gambling helplines, private psychologists, hospital rehabilitation programs, politician Ged Kearney and activist Tim Costello.
But because of his age and his unwillingness to stop gambling, none could offer her help beyond a suggestion she not give him…
Lady Gaga might have lots of money right now, but she was bankrupted after her ‘Monster Ball’ tour, with $3 million (£2.5m) debts.
It might just seem like a blip in her history, considering she’s managed to bounce back and bigger than ever, but that’s not a small amount of money to lose.
The government appointed commissioners to help run the council in February.
Changes were already being overseen by a government-appointed board following the collapse of council-owned Robin Hood Energy in 2020, but commissioners now have direct decision-making powers.
Council leader David Mellen said councillors voted “with great reluctance”.
“Nobody was pleased to vote in favour of this budget, nobody thought it was going to be great for the communities they represent,” he said.
“It was under duress. It wasn’t a freedom of expression. It was a need to do the responsible thing for the sake of the services run by Nottingham City Council.”
The authority has also been given special permission to fill some of the budget gap through a process…
MILAN — La Perla’s financial troubles have reached a tipping point.
According to media reports, a Bologna, Italy, court declared the state of insolvency Thursday, with judge Michele Atzori naming a trifecta of court commissioners tasked with leading the Italian subsidiary La Perla Manufacturing Srl out of the quagmire. This marks the exit of the brand’s owner Tennor.
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As part of the procedure, after assessing the company’s financial condition, commissioners can rule in favor of liquidation or judicial administration, the latter geared at preserving jobs and business continuity.
This comes a few days after a judicial liquidation was commenced in the U.K. for La Perla Global Management UK, the British company that owns…
Former Toronto Raptors center Jontay Porter was permanently banned from the NBA in April after an investigation revealed he limited his participation in games in order to help associates win their bets on Porter’s player props, in addition to Porter betting on league games himself.
On Tuesday, one of those associates was charged in the scheme, and the criminal complaint alleges Porter’s co-conspirators encouraged him to participate after he amassed large gambling debts to them.
According to federal prosecutors, Long Phi “Bruce” Pham of Brooklyn placed bets on Porter to underperform against the Los Angeles Clippers on Jan. 26 after Porter told him he would leave the game early.
The Supreme Court on Wednesday stayed a recent judgment delivered by the National Company Law Appellate Tribunal (NCLAT) closing insolvency proceedings initiated against ed-tech firm Byju’s (Glas Trust Company LLC v. Byju Raveendran and ors).
A Bench of Chief Justice of India (CJI) DY Chandrachud with Justices JB Pardiwala and Manoj Misra passed the stay order after a financial creditor Glas Trust Company LLC approached the top court challenging the NCLAT verdict.
By the August 2 ruling under challenge, the NCLAT had allowed an appeal filed by Byju Raveendran, the founder of Byju’s, against an order the initiating insolvency resolution proceedings.
The appellate tribunal made the decision in view of a settlement reached between…
Victoria’s Supreme Court of Appeal has wiped a punter’s $150,000 debt after ruling paperwork failures rendered the bets invalid.
Bookmaker David McLauchlan took action against punter Allen Ng after the punter incurred hefty losses between February and April 2020.
The County Court ruled in McLauchlan’s favour in 2022, ordering Ng to pay the debt and costs before the higher court overturned the verdict earlier this month.
The appellate court, comprising three justices, found select telephone bets in April 2020 constituted “unauthorised gambling”.
While the bets taken were properly recorded with Racing Victoria, along with Ng’s personal details, including driver’s licence, McLauchlan failed to obtain a signed authority, as…
