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 Reserve Bank of India announced measures to ease procedures for exporters at a time when exports are finding it difficult to recover.
One of these measures is that banks will be able to regularise exports where the proceeds have been realised. Currently, banks do so in case of exports up to $1 million, above which regularisation has to be done by RBI in case documents are directly shipped by exporters to the buyers.
Explaining the move, exporters body FIEO director general and CEO Ajay Sahai said during Covid times, many exporters have directly shipped documents to the buyers. Status holder exporters are allowed to send documents directly to buyers but others are allowed only in the case of advance payments because RBI feels …
At age 20, Royston Drenthe was presented as a future Real Madrid superstar – but 13 years later he’s been declared bankrupt, reportedly losing his 3.2m fortune following a failed move into music and acting.
A pacey customer touted to shine at the Bernabeu after a breakthrough season at Feyenoord, he was a prodigy held in high regard by many at Los Blancos but unfortunately, his fall from grace typified a generation of unfulfilled Dutch talent.
Just 11 years after signing for one of the world’s biggest clubs, Drenthe was unable to find a club following his release from UAE Pro League side Baniyas and decided to hang up his boots at the age of 29.
Now at the age of 33, he’s actually back playing at Dutch third division side Koza…
Bradley Wiggins has placed a third company into liquidation with debt of 141,000 following the liquidation of two other companies back in late October.
The 2012 Tour de France winner has wound up a company named 101 Ride Limited, of which the sole director is his estranged wife Catherine Wiggins. It’s not clear what purpose the company served within Wiggins’ stable of businesses.
A report by CyclingWeekly found that the company owed 51,000 to solicitors Bray and Crais and 90,000 to marketing firm SponsorCom Limited, according to a statement of affairs filed at Companies House.
In October, Wiggins liquidated Wiggins Rights Ltd,set up to “exploit Wiggins’ name and image rights”,with debts of 650,000, and New Team Cycling Ltd, which o…
Hundreds of Australian students were facing the collective loss of more than $2 million they paid in advance for overseas school trips after a travel company went into liquidation.
Key points:
A firm has been appointed liquidator for Educational World Travel (EWT), being used to organise end-of-year student tours to the United States for 2021.
Liquidator David Coyne, of BRI Ferrier, said more than 800 students and their families were owed a total of $2.3 million by EWT.
The company’s collapse affected students from New South Wales, Queensland and Victoria.
Terry Steele, from Bathurst in central-western New South Wales, said his family had already paid $2,000 to the company for his daughter’s trip, which had a total cost of about $6,000.
Note that the situation for student loans has changed due to the impact of the coronavirus outbreak and relief efforts from the government, student loan lenders and others. Check out our Student Loan Hero Coronavirus Information Center for additional news and details.
When youre focused on paying off debt, high interest rates can be demoralizing. Its deflating to watch a sizable portion of each payment go toward paying your lender rather than lowering your debt.
One solution could be using a debt consolidation loan to lower your interest rate. Essentially, you use a new personal loan to pay off existing debt.
It might sound counterintuitive to borrow your way out of debt, but the benefits can be worth it. Here are seven of t…
Former Real Madrid winger Royston Drenthe has been declared bankrupt in his home nation of the Netherlands.
Marca carry a report from Dutch media outlet Voelbalzone that states that the former high-profile player was declared bankrupt by the District Court of Zeeland-West-Brabant on Tuesday.
Drenthe is quoted by the report as saying that he is not easily scared by such things while an accountant has now been assigned to control the assets of the Dutchman.
Now aged 33, Drenthe is currently playing for Kozakken Boys in the Dutch third tier and he has accepted responsibility for his negligence, having failed to appear at the hearing while his lawyer was on holiday.
The Dutchman spent three seasons at the Bernabeu after joining from Feyeno…
Pensions schemes with sponsors facing severe economic difficulties due to Covid-19 must prepare for the lifting of temporary protections from corporate insolvency at the end of the year, Aon says.
Pensions schemes with sponsors facing severe economic difficulties due to Covid-19 must prepare for the lifting of temporary protections from corporate insolvency at the end of the year, Aon says.
In research published yesterday (2 December) the consultancy said a “perfect storm” could be awaiting many UK pension schemes from January.
While corporate insolvency rates have been relatively low in recent years, temporary protections brought in during the early part of the coronavirus pandemic mean insolvencies are now at a historically low leve…
Former Real Madrid and Everton star Royston Drenthe declared BANKRUPT at age of 33 after losing estimated 3.2m fortune following failed move into rap music and acting
Royston Drenthe has been declared bankrupt at a court hearing in Breda
The former Holland winger did not appear at a previous hearing on his finances
Drenthe was previously on the books at Real Madrid, Everton and Feyenoord
Business as usual for Black & White Cabs after P2P Transport goes into voluntary administration
Black & White Cabs former owner and taxi industry veteran Greg Webb has announced he is leading a group of investors who will recapitalise and then acquire the cab company after its holding company, P2P Transport Limited entered into voluntary administration today. Black & White Cabs is not impacted by the parent companys situation.
The Black & White Cabs boss assured passengers, clients and drivers its business as usual for Black & White Cabs, which has operated profitably for the past 26 years and throughout the COVID-19 period. The companys growth can be seen in the 42 per cent increase in the number of Black & White Cabs on…
Melbourne events signage company Signex Group and its wide format print business Prologica Digital Print have entered voluntary administration and called a first meeting of creditors for next week. Signex co-owner Doug Pieper is looking to restructure the business and hopes to be out of the administration process before Christmas.
(photo: Signex Group)
“We’ve done the right thing”: Signex co-owner Doug Pieper
Pieper told Wide Format Online: Signex does not owe any suppliers, customers, or staff any money. In fact, Signex has paid all outstanding invoices, staff entitlements as well as all superannuation contributions. Ive protected all of my supplies, all of my staff, my family and my name.We have done the right t…
A gambler accused of stabbing an 88-year-old man to death outside the Ho-Chunk casino in Baraboo apologized to the victims family shortly before he was sentenced to life Tuesday.
Robert Pulvermacher appears in Sauk County Circuit Court shortly after his capture in January last year. Pulvermacher was sentenced to life in prison this week. (Image: Tim Damos/News Republic)
Robert Pulvermacher, 70, admitting killing Harold Johnson in January 2019 after the latter attempted to collect a gambling debt of just $100.
Security footage in the casino parking lot showed both men enter Johnsons car. But only Pulvermacher got out….
