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.
Golf club enters voluntary administration amid redevelopment project
The six new holes under construction next to the old part of the course.
The six new holes under construction next to the old part of the course.
New holes under construction next to the old part of the course.
New holes under construction next to the old part of the course.
The Aveo retirement village, top right, under construction in the middle of the old part of the course.
New holes under construction next to the old part of the course.
Shortland Waters Golf Club appears destined to be taken over by another club after going into voluntary administration midway through a major reconstruction project.
Katie has avoided having to declare bankruptcy (Picture: Rex Features)
Katie Price has voiced being formally declared insolvent.
The former model, 40, who was once worth £45million did not appear the Rolls Building bankruptcy court on Tuesday morning.
However the reality star instead avoided bankruptcy by submitting an application to pay off her creditors with a payment plan, in the in-and-out hearing.
In her absence, her team submitted proposals for an individual voluntary agreement (IVA).
The agreement will see debtors pay back their creditors over a period of time, with Katie’s application heard in 12 weeks on 30 October.
The star was once worth £45million (Photo by Tim P. Whitby/Tim P. Whitby/Getty…
Gilbert Arenas says that trash talking during a card game popular around the NBA — and not the money — led to a gun showdown with teammate Javaris Crittenton.
Speaking in depth about the situation for the first time, Arenas told The Action Network that he and Crittenton were playing booray, a cross between poker and spades, on a December 2009 Wizards team flight when things got heated.
Crittenton was already losing hands when Arenas joined the game, and the leader of the team saw a chance to take advantage of the younger player.
“I mean, this man was bleeding. I’m already hyped because there’s $1,100 in the pot,” Arenas said, acording to the website. “I smell the blood. … I came in on my deal, and already he’s f—ing l…
I took out a loan in May last year to send money home to help my family in the Philippines with tuition fees as well as their general expenses. I have two children, one in college and one in high school and I am the family breadwinner. About three months ago a relative got sick and they kept asking me for more money. My salary was also delayed by a few weeks and hence I was billed with hefty late payment charges.
My debts are:
Loan: Dh39,000
Credit card: Dh12,000
I constantly receive calls from collection agents and I answer them. I also face the collectors whenever they come to the office. I try to reassure them that I will pay, and ask them to give me more time as I…
Leading forensics and restructuring firm Alvarez & Marsal has been brought in by investors in the embattled Abraaj Group to help recover nearly $100 million in outstanding debt, as the long-running saga draws closer to its sorry conclusion.
Following an initial investigation triggered by complaints from high-profile investors late last year over alleged mismanagement of its $1 billion emerging market healthcare fund, and months of subsequent scrambling, the once high-flying Abraaj group finally filed for voluntary liquidation in the Cayman Islands courts in June under the sustained pressure.
And now, as the private equity funds court-appointed liquidators PwC and Deloitte work to settle over a $1 billion worth of debt in the wake of …
Katie Price ‘bankruptcy’: Star could be declared financially insolvent TODAY as she appears in court… amid claims she’s selling her £2 million mansion
Katie will appear in court on Tuesday for a financial hearing
The mother-of-five was believed to be facing bankruptcy last year, with reports claiming she shells out £10,000 a month to maintain her family home
The TV personality reportedly embarked on recent raunchy naked photoshoots with toyboy Kris in Thailand in a desperate bid to avoid bankruptcy as she takes on her third bitter divorce battle with Kieran Hayler
The glamour model, 40, bought the sprawling country mansion back in 2014, shortly after tying the knot with Kieran Hayler, 31
They are the fastest growing type of loan – and they could help save you money and improve your credit score.
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A personal loan is an unsecured loan typically from $1,000 – $100,000 typically with a fixed interest rate that can be used to consolidate debt or make a large purchase. The term “unsecured” means you don’t have to put up any collateral.
Depending on your credit profile, you may be able to qualify for a low-interest rate personal loan and save money compared to a credit card. Interest rates on personal loans are often much lower than the interest rates on credi…
Although no further details of the companies involved were disclosed, the figures could suggest problems with phoenixing where company owners make their business insolvent to avoid paying tribunal awards or other penalties, only to set up a new, almost identical company shortly afterwards.
In the current climate, where we hear of town centres being depleted of their shops and pubs at an alarming rate, there will be very many genuine insolvency situations which mean tribunal awards go unpaid, said Croner associate director Paul Holcroft. However, with the possibility that phoenixing is contributing to that number, employers may well be intentionally circumventing the system.
Without detailed analysis, it is difficult to tell which are …
BRITISH model and businesswoman Katie Price will appear at the bankruptcy court this week as she faces total financial collapse.
The reality star, once worth $AU75 million, is scheduled to arrive at the Rolls Building in London, part of the High Court, for a hearing that could see her formally declared insolvent, The Sun reports.
Katie Price AVOIDS being declared bankrupt in court as she’s given THREE MONTHS to pay off hundreds of thousands of pounds worth of debts including £22k tax bill
The 40-year-old was not present at the High Court Roll’s building in London as her team submitted proposals for an Individual Voluntary Agreement (IVA)
She is selling her £2m West Sussex sprawling mansion in a bid to recoup costs
Katie reportedly owes more than £250k for claims on former companies
The mother-of-five was believed to be facing bankruptcy last year, with reports claiming she shells out £10,000 a month to maintain her family home
She was once thought to have worth an estimated £45million
The TV personality reportedly embarked on recent raunchy naked pho…
Sally Anderson has closed Evolved Leadership and is now bankrupt.
Controversial life coach Sally Anderson has closed her business and been declared bankrupt, blaming months of “cyber attack and media annihilation”.
Anderson and her business Evolved Leadership were the subject of a Stuff investigation in April, which revealed how her former business partners had been left hundreds of thousands of dollars out of pocket as her various ventures hit the rocks.
Her education was described as overpriced – she charged up to $50,000 for coach training.
