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Mike and Kass Lazerow started the year 2000 on a high. Fresh off their honeymoon, the couple successfully sold their startup that tracked golf scores, Golf.com, in January of that year.
But six months later, they had almost nothing to show for the sale, and were scrambling to buy the company back.
“We had put our whole savings, a combined $25,000, in,” Kass, now 54, says. “I was angry.”
The entrepreneurial couple say they were able to buy back Golf.com and eventually sell it to Time Warner for $24 million in 2006. But in 2000, they lost nearly everything, including some friends from the fallout, they say.
On the surface, it begins with a phone game — just a few clicks on an app promising quick winnings. But online gambling in Karnataka today sits at the crossroads of law, livelihood, and loss. On one side are stories of ordinary families falling into debt traps so deep that lives are lost to shame and desperation. On another is the state govt, caught between public pressure to regulate and court battles over the limits of prohibition.Police records show 32 suicides linked to online gambling losses since 2023, nearly two-thirds of them in Bengaluru. Officers admit the number is likely far higher, hidden in missing-person cases and unreported deaths. Victims come from every walk of life: drivers, small businessmen, students, even…
Fans of Franco Colapinto in Argentina have a new option to source their merchandise supporting their favourite driver.
Last year, the then-Williams driver made comments that official merchandise could “bankrupt” F1 fans in his home country.
Franco Colapinto ‘fake’ clothing and merchandise range is launched
Since his arrival in F1 last year, the Argentine driver has created a groundswell of support in his native country.
But, for fans of Colapinto, the high costs of official merchandising saw him urge them to only purchase fake knock-off merchandise to ensure they don’t land themselves in financial trouble.
“The only thing I hope is that they don’t go bankrupt buying F1 merchandise,” Colapinto said in an interview with…
The Dutch branch of jewelry chain Claire’s has been declared bankrupt by the Amsterdam court, according to the insolvency register. It had been previously reported that the American company was struggling with financial issues. There are nine Claire’s stores in the Netherlands, including locations in Amsterdam, Arnhem, and Rotterdam.
Claire’s faces strong competition and is struggling with debt. The jewelry chain also struggled as a result of the import tariffs set by the U.S. government. Claire’s had already filed for bankruptcy in Belgium and has sought payment deferrals in other countries, including the United States, the United Kingdom, and France.
Bankruptcy administrator Frans Curl is assessing the situation at Claire’s….
The US economy has been hit by a fresh wave of bankruptcy filings, which has surged to their highest level since 2020 Covid-19 pandemic, when similar situations were seen across the country. A report in Business Insider mentioned that several popular brands of 1990s and 2000s brands were among the companies that have filed for bankruptcy, continuing a trend that lays open the status of the United States’ economy.
Data from S&P 500 Global showed that this summer, the number of filing for US corporate bankruptcy surpassed the level of 2020, the Business Insider report mentioned. A total of 71 public and private companies filed for bankruptcy last month, which is 8 more than June when 63 companies had filed for bankruptcy.
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Peter has reacted to a leaked video of Katie Price counting cash while bankrupt.
Peter Andre was ‘disgusted’ by comments Price made in a recently leaked video(Image: Joe Maher/Getty Images)
Peter Andre has reportedly called in his lawyers after comments made by his former wife, Katie Price. Yet more scandal unfolded yesterday, August 18 when a video of Price, who has been declared bankrupt twice, showed her counting huge stacks of money. The footage was leaked by her ex, Alex Reid.
The video shows Katie telling her and Peter’s daughter, Princess, that her younger siblings-Peter’s children with his wife Emily- were “irrelevant.” Katie can be seen counting cash in the video, before asking her daughter whether singer Peter “goes on about” her…
A WOMAN has revealed that she’s currently swamped in a whopping $185,000 worth of credit card debt.
The desperate American phoned into the Ramsey Show for some support.
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A woman has revealed that she’s currently swamped in a whopping $185,000 worth of credit card debtCredit: Getty
Calling in to seek advice from financial expert Dave Ramsey, Shonda from Chicago, Illinois, revealed she had accrued $185,000 in credit card debt from both work and personal expenses.
The amount alone shocked Ramsey, who asked her “What the cr*p did you buy Shonda?”
She also has unpaid student loans, a loan on her car and unpaid house payments.
In the YouTube video, Shonda also owes roughly $25,000 on the car and $36,000 in student debt from her degree in criminal…
Individual-level company insolvency data for England and Wales, Scotland
and Northern Ireland were sourced from Companies
House
(except for compulsory liquidation data for England and Wales and
Northern Ireland, see below). Companies House conducts a series of basic
checks on the data, including the removal of duplicate records, prior to
supplying the Insolvency Service with monthly snapshots of data to
compile company insolvency statistics. Note that Companies House does
not verify the accuracy of all information filed, as outlined in their
disclaimer published on the Gov.uk
website.
Company moratorium and restructuring plan data are also sourced from
Companies House.
