Tim Murphy is co-editor of Newsroom. He writes about politics, Auckland, and media. Twitter: @tmurphynz

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Read the full article at: https://www.newsroom.co.nz/2018/08/23/206523/daughter-takes-mum-dad-to-supreme-court

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Read the full article at: https://www.keyt.com/news/money-and-business/liquidation-sale-begins-at-orchard-supply-hardware-stores/785262705

Former Premier League striker Carlton Cole has been declared bankrupt following his retirement from competitive football in March of this year. 

As reported by The Sun, the now 34-year-old was given the verdict by London’s High Court on June 27th, despite earning a reported £30,000-a-week at the height of his playing career, although now hopes his recent plight will serve as a warning for stars of the future.

Cole said: “I hope my story will help young footballers to take responsibility for who they listen to and take advice from.

“Unfortunately, I didnt realise what was going on until my career was in the latter years and too late for me to turn things around.”

Starting his career at Chelsea, Cole made 290 Premier League appearances…

Read the full article at: https://www.90min.com/posts/6151445-former-premier-league-striker-carlton-cole-declared-bankrupt-by-london-s-high-court

A Birmingham pub company run by an award-winning landlord has gone into liquidation amid tax debts of more than £360,000.

The Humble Pub Company was owned by Keith Marsden, who previously ran the Prince of Wales and The Dark Horse, in Moseley, and The British Oak, in Stirchley, along with a short-lived wine bar called Cheval Blanc.

At the High Court in London today, HM Revenue and Customs told the Insolvency and Companies Court Judge Catherine Addy that The Humble Pub Company went into creditors’ voluntary liquidation on June 7.

HMRC had lodged a petition with the court seeking to have the company wound up over tax debts but, on the basis of the voluntary liquidation, counsel for HMRC asked for its petition for it to be wound up to be d…

Read the full article at: https://www.birminghammail.co.uk/news/business/company-behind-birminghams-much-loved-15064449

Denis OBriens Digicel Group may be able to take advantage of the discounted price at which $2 billion (1.7 billion) of its bonds are trading, through a corporate restructuring that could raise funds to buy back the bonds on the cheap, according to a new research report.

A report issued to clients this week by Xtract Research, a New York-based debt research firm, said the groups debt-free Digicel Pacific Limited unit may hold the key to a refinancing of the bonds, which are due in 2020, at a price below their par value.

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Read the full article at: https://www.irishtimes.com/business/technology/digicel-south-pacific-unit-may-hold-key-to-2bn-refinancing-1.3604457

The fraud contributed to a 27 per cent drop in the company’s full-year profit to $6.6 million, driving its shares nearly 22 per cent lower.

Normalised earnings for the 12 months to June 30 declined $1.7 million to $13.2 million – largely due to a drop-off in daigou shoppers – and total like-for-like sales were down 3.4 per cent on the previous financial year.

The company was also hurt by the liquidation of two suppliers, at a cost of about $491,000.

Revenue, however, was up 8.7 per cent to $154.9 million, with a stronger performance in the second half of the financial year.

“While we are disappointed at the decline in earnings over FY18, I am very proud of the efforts from our corporate store and support office teams in returning the busin…

Read the full article at: https://www.smh.com.au/business/companies/shaver-shop-hit-by-327-000-daigou-fraud-20180823-p4zzcq.html

Mumbai: Indias dedicated bankruptcy court has sought to remove legal impediments to liquidation or loan-recovery proceedings by setting aside property attachment claims of state-run utilities or operational creditors that have not been paid their dues by bankrupt private-sector borrowers.

The National Company Law Tribunals (NCLT) Allahabad bench said that district authorities cant prevent the sale of land of bankrupt borrower Raman Ispat for its failure to pay outstanding power bills. The local authorities had attached the companys land parcel in lieu of outstanding utility-usage dues.

This is a landmark judgement removing a key hurdle in liquidation processes, said Anil Goel, founder AAA Insolvency Professionals. The order will now be…

Read the full article at: https://economictimes.indiatimes.com/industry/banking/finance/banking/how-nclt-order-makes-liquidation-easy/articleshow/65510613.cms

Carlton Cole has been declared bankrupt despite earning millions over a 16-year career playing in the Premier League and for England.

Most known for his time at West Ham, Cole once earned up to £30,000 per week.

The 34-year-old was told of the verdict at London’s High Court and hopes his desperate situation can be a warning to young players exposed to the riches of the modern game.

“I hope my story will help young footballers to take responsibility for who they listen to and take advice from,” Cole said.