A father-of-one who went on the run after stealing1.75 million euros from the post office he managed reveals how he became tr…
Read the full article at: https://www.dailymail.co.uk/femail/article-9499563/Gambling-addict-stole-1-75-million-euros-post-office-worked.html
A woman who inaccurately responded to questions about debt in her online application for car insurance has lost a claim dispute with Hollard.
The woman, who was subject to a part 9 debt agreement under the Bankruptcy Act, says she made an honest mistake and sought that Hollard pay her car accident claim and that her insurance records be expunged.
The Australian Financial Complaints Authority (AFCA) denied both requests on the basis she had not accurately disclosed her financial status and Hollard would have declined to offer her cover at the outset had she answered accurately.
AFCA and Hollard both accepted her mistake was innocent, but the ombudsman said the consequences of non-disclosure even if unintended – were that the insurer is …
Read the full article at: https://www.insurancenews.com.au/daily/hollard-wins-disclosure-dispute-with-debt-stricken-motorist
Katie Price is keeping business in the family as she roped in her five-year-old daughter to help flog items from her bath range.
The former glamour model, who was declared bankrupt in 2091, took to Instagram to share a snap of her taking a bath with her youngest child Bunny.
“Nothing better than a bath with your kids,” said the mum-of-five.
“All my scented bath products are back in stock! Get a FREE bath bomb with every order today,” she advised her followers on the site.
After being declared bankrupt at the High Court in November 2019 after failing to pay back her many creditors, the star has embraced a few unique ideas on how to make some extra cash on the side.
Read the full article at: https://www.mirror.co.uk/3am/celebrity-news/bankrupt-katie-price-posts-snap-23968460
published : 22 Apr 2021 at 14:45
writer: AFP
LONDON – The Australian parent of failed specialist finance firm Greensill Capital, whose recent collapse sparked worldwide corporate fallout, job loss fears and a major UK political scandal, has entered liquidation, administrators said Thursday.
Creditors including Credit Suisse and the Association of German Banks met online early Thursday and “resolved to place the company into liquidation”, according to a statement from admininstrators Grant Thornton.
Greensill Capital Pty Ltd, which is the parent company of the Global Greensill Gro…
Read the full article at: https://www.bangkokpost.com/world/2103851/greensill-parent-group-placed-in-liquidation
Florida-based American Capital Assurance Corp. is officially in receivership and is in the process of being liquidated after being deemed insolvent by Floridas insurance regulator earlier this month.
The Florida Department of Financial Services, which serves as the receiver for any insurer placed into receivership in Florida, said it was granted a consent order for purposes of liquidation, injunction and notice of automatic stay of AmCap on April 14 by the Second Judicial Court in Leon County, Florida.
According to DFS, under the receivership order, all insurance policies issued by AmCap in effect at the time of the courts order will be cancelled as of 12:01 am on Friday, May 14, 2021, except for the insurers floo…
Read the full article at: https://www.claimsjournal.com/news/southeast/2021/04/22/303309.htm
Member Article
North East business owners are being warned of the dangers of trying to do too much too quickly as the economy begins to open up.
Alexandra Withers, North East chair of insolvency and restructuring trade body R3, was speaking after the latest corporate insolvency figures for England and Wales revealed a 45% month-on-month rise, from 685 cases in February this year to 992 last month.
She has highlighted the risk of companies becoming insolvent through overtrading, as they strive to make up for revenues lost through lockdowns, and find themselves having balance sheet and creditor liabilities which outweigh their assets, due to cashflow or payment problems.
And she is advising regional business owners to put shaping a susta…
Read the full article at: https://bdaily.co.uk/articles/2021/04/22/north-east-business-owners-advised-of-overtrading-dangers-as-corporate-insolvency-figures-rise