Insolvency Guardian Media Centre
Former tennis star Boris Becker has revealed that poker debts incurred in a UK prison put his life in danger.
Becker is releasing a memoir, which reports on his time spent behind bars in 2022. The three-time Wimbledon winner was sentenced to 30 months in jail over his failure to turn over assets when declaring bankruptcy in 2017.
During this time, Becker said he played poker with inmates and racked up debt to Romanian criminals. Speaking to German media Suddeutsche Zeitung, Becker commented: “I had played poker professionally after tennis, so I thought,…
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Mike Repole, the billionaire entrepreneur who co-founded and sold beverage giants Glaceau and BodyArmor to Coca-Cola for a combined $9.7 billion, has an unexpected message for aspiring business owners: Don’t do it.
In a recent interview with The School of Hard Knocks, a popular social-media channel known for interviewing wealthy entrepreneurs, Repole shared his contrarian view on entrepreneurship, emphasizing the brutal realities that most success stories gloss over.
“I spend more time talking people out of being an entrepreneur,” Repole said. “The first five years for an entrepreneur, I call the survival years. Every single day, you could go bankrupt.”
Repole’s cautionary advice carries significant weight given his…
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Noukies declared bankrupt, but relaunches immediately RetailDetail EU
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Synopsis: Reliance Communications (RCOM) has received a show-cause notice from the Central Bank of India over alleged Rs. 400 crore loan fraud, amid ongoing insolvency proceedings and scrutiny of fund misappropriation.
An Indian telecom company is in the spotlight as it faces a potential fraud classification by a central bank over Rs. 400 crore in loans, following a forensic audit that flagged fund diversion and misuse. The company has 21 days to respond, while its assets remain under insolvency proceedings.
With the market capitalization of Rs. 367.82 crore, the shares of Reliance Communications Ltd is trading at Rs. 1.33, down by 0.75 percent from its previous day’s close price of Rs. 1.34 per equity share.
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The National Company Law Appellate Tribunal bench of Justice Ashok Bhushan (Chairperson) and Barun Mitra (Technical), disposed of an appeal filed by SMAS Auto Leasing India Pvt. Ltd. against the order of the National Company Law Tribunal Ahmedabad,which had admitted filed by the Indian Renewable Energy Development Agency Limited against Gensol Engineering Limited.
It held that since 152 of the 164 leased electric vehicles had already been repossessed by SMAS under Delhi High Court orders prior to the commencement of the Corporate Insolvency Resolution Process (CIRP), no purpose would be served in keeping the appeal pending.
Facts of the Case:
The appellant, SMAS Auto Leasing India Pvt. Ltd. entered into a master…
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UK regions with the most business insolvencies reported 2025 – North West hotspot for company failures Insider Media Ltd
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The findings highlight growing pressures from regulation, operational challenges, and shifting deal activity that are reshaping the sector.
The research found that 96% of private debt managers anticipate consolidation over the next five years, with 72% expecting it to be significant. The survey covered 25 senior executives at private credit managers, collectively overseeing $196bn in assets.
“Many managers are still playing catch-up operationally, a dynamic that’s driven consolidation across the industry. As regulation intensifies and talent thins, outsourcing has become a strategic must.”
Des Fullam, Carne Group
Recent moves by large asset managers have underlined this trend. Des Fullam, chief regulatory and client solutions…
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A mother who started online gambling with 20p saw her debts spiral to £65,000 in just over a year.
Emma McLeod’s gambling habit nearly caused her to lose her home, almost resulted in her son being removed from nursery when she stole his childcare payments, and placed a “big burden” on her parents.
Now, after being in recovery for six years, the 41-year-old works with Blackpool’s Empowerment charity helping problem gamblers.
‘Horrific’
Speaking to the BBC, McLeod explained: “It started with a 20p bingo book, then £10 every other day and within four to six weeks it was hundreds of pounds every day. I got into £65,000 of debt in 14 months. It was horrific.”
“I used to do the banking…
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Royal Caribbean Cruise Passenger Jumps Overboard, in Attempt to Avoid Paying Gambling Debt PokerScout
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Mr. Kris Chantanotoke, Chief Executive Officer of the Siam Commercial Bank Public Company Limited (SCB), made a comment regarding the economic situation in Thailand and trend of commercial banks amid fast-pace digital transformation.
The CEO stated that the company can maintain and cap its non-performing loans (NPL) at about 3.31% despite facing the volatility in the Thai economy. Additionally, the company also plans to downsize its organization, closing the number of its current branches from 651 to about 500 branches.
The CEO also stated that ever since he was appointed to this position on August 1, 2022, his primary goals for SCB are to build highest confidence among the customer while turning the company to a leading wealth…
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Financial authorities failed to act on allegations of fraud at the jeweller Vashi before the company collapsed with debts of £170 million ($230 million), The National can reveal.
John Ames, a senior manager based in London, told the Insolvency Service he believed investors were being shown wildly exaggerated sales figures and were falling for false claims that the “disrupter” jewellery company held huge stocks of diamonds.
The whistleblower’s warnings were made in May 2022 but ignored, and investors, many of whom are from the Middle East, subsequently invested millions into the jeweller. The company’s founder, Vashi Dominguez, disappeared as his firm was wound up in April 2023.
An investigation by The National first revealed a £200…
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Facebook App: Open links in External Browser
There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser. This can be done through the following steps:
1. Open the settings menu by clicking the hamburger menu in the top right
2….