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.
Tasmanian Premier Jeremy Rockliff has expressed concern following the news that regional airline Rex has entered voluntary administration. Flights between
Mumbai: Fortis Healthcare, Apollo Hospitals, Medanta and Max Healthcare are among half-a-dozen companies that have shown preliminary interest in acquiring
The hospitality and entertainment company has come forward after an ‘insider’ claimed the ’24K Gold’ singer had incurred millions in debt.
MGM has responded to accusations that Bruno Mars is in $50 million debt to it.
The hospitality and entertainment company and the ‘Locked Out of Heaven’ singer announced ‘a multi-year partnership’ back in 2016, Mars set to be one of the first to take to the stage at two of its new venues in Las Vegas and Maryland.
Katie Price has launched her latest money-making scheme after being declared bankrupt for a second time. The ex-glamour model is selling video messages to fans for a hefty price in a bid to make more cash.
Katie, 45, announced she’s joined Cameo, a platform which enables fans to get in contact with their celebrity idols and pay for messages, videos and more. She shared a snap from her profile and told fans on Instagram: “Book a personal video message from me on Cameo.”
A personalised message from the mum-of-five will set you back by a staggering £120. She describes herself as a “model, author, podcaster” on her profile.
Katie Price is charging fans £120 for a video message -Credit:Instagram/ @katieprice
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Since taking office the government has talked up reforms to higher education as its blueprint to transform universities for decades to come.
The reforms are known as the “Australian Universities Accord”, in which a government-appointed panel delivered a meaty 400-plus page report, outlining 47 recommendations.
In a recent decision of the Supreme Court of New South Wales (In the matter of Pacific Plumbing Group Pty Limited (in liquidation) [2024] NSWSC 525), Justice Black determined that a payment made by a third party was not an unfair preference because the payment did not diminish assets available to creditors.
Key Takeaways
When identifying potential recoveries, liquidators should carefully consider whether payments made by third parties amount to unfair preferences.
Liquidators bear the onus of proving that payments made by third parties are unfair preferences, even where the liquidator’s claim is undefended.
Book entries recording the relevant transaction together with an inferred arrangement for payment will not alone be sufficient….
A US judge has ordered conspiracy theorist Alex Jones’s personal assets be liquidated in order to pay $US1.5 billion ($2.2 billion) to the families of victims from the Sandy Hook shooting, which he falsely claimed was a hoax.
The Infowars creator’s separate company bankruptcy case was dismissed on Friday, local time, but the…
Los Angeles Dodgers’ Shohei Ohtani, right, and his interpreter, Ippei Mizuhara, attend at a news conference in Seoul, South Korea, on March 16, 2024.Lee Jin-man/The Associated Press
This week, reporters from various California outlets began ringing up Shohei Ohtani about his involvement in the federal investigation of a bookmaker. Why had he sent the bookie US$4.5-million in wire transfers?
On Tuesday, a spokesman for baseball’s biggest star presented his friend and interpreter, Ippei Mizuhara, for interrogation by ESPN.
Mizuhara told the network that the debts were his. He’d started betting in 2021, not realizing that sports wagering is illegal in California.
Until last summer, there were few concrete links between a slowdown in China’s property sector and a domestic shadow banking industry that has for years supplied middle-class savers with high-interest products.
But that suddenly changed in July when longstanding wealth management group Zhongzhi ran into payment difficulties, making it the focal point of concerns about a potential spillover from a real estate cash crunch that has since worsened.
In the intervening six months, the conglomerate has unravelled. In November, it admitted it was severely insolvent and its management had “run wild” in the wake of its founder’s death. Recently, it declared bankruptcy.
While developer Evergrande was for years the subject of warnings over a…
In Parliament on Wednesday, the Premier emphasised the importance of maintaining aviation capacity within the state, particularly for regional and rural communities and businesses that rely on essential products, services and connections.
“These aviation services are also important to our tourism and hospitality industries which inject around $3.5 billion in visitor spending into the Tasmanian economy,” he said.
Candice Miller is making a fresh start in Miami with a little “financial” help from her friends, Page Six is told.
The influencer mom-of-two, 42, was left “blindsided” by her husband Brandon’s July suicide at their $15.5 million Hamptons home, one pal said, prompting friends to rally around and support her move from NYC to Florida.
“Candice was blindsided by Brandon’s death, but she has some very supportive friends and family who have all stood by her and are helping her financially and in any other ways they can,” the pal said.
Candice Miller, seen with late husband Brandon Miller in 2019, is moving to Miami to be closer to family. Sansho Scott/BFA.com/Shutterstock
Former Wimbledon champion Boris Becker’s bankruptcy has officially ended, after a UK judge found he had done “all that he reasonably could do” to fulfil his financial obligations.
The German tennis player was declared bankrupt in June 2017, owing creditors almost £50m.
The High Court was told he still owed about £42m – but lawyers for Becker said the 56-year-old had reached a settlement agreement with the trustees appointed to oversee his finances.
On Friday, the Allahabad bench of the National Company Law Tribunal (NCLT) gave an oral order to admit Jaypee Healthcare for corporate insolvency and resolution process on a petition filed by JC Flowers Asset Reconstruction Company.
A written order is yet to be uploaded by the tribunal on its website.
Manoj Gaur-promoted Jaiprakash Associates was admitted for corporate insolvency process this month, while a Suraksha Realty-led consortium has already taken control of Gaur’s other company,
