He only admitted he was bankrupt when the victim attempted to recover his losses.

McFarlane, who previously lived in Leamington Spa before moving to Pembrokeshire, was declared bankrupt in October 2018.

By law, bankrupt people must disclose their status to customers and anyone else if they borrow or obtain credit of £500 or more.

But in December 2018, McFarlane sent the couple a quote for work on their driveway of £11,000 with a payment of £8,000 required upfront.

The money went into the account of a company which traded as a licensed bar connected to McFarlane, said The Insolvency Service.

He began working on the project in February 2019, but the couple soon noticed issues with the quality of his work.

After raising concerns in March,…

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Angaza Kenya Ltd has officially announced the start of its members’ voluntary liquidation process through a public notice dated December 10, 2025.

The announcement follows a voluntary resolution passed by members during an Extraordinary General Meeting held on November 24, 2025.

“Notice is hereby given that the following Special Resolution was passed at an Extraordinary General Meeting of the members of ANGAZA KENYA LTD, held on the 24th of November 2025,” read part of the public notice.

According to the notice, the meeting approved the closure of the company and the appointment of Mr Mohamed A. Mohamed of Maawy Financial Advisory Services as the liquidator to oversee the process.

“That the company be wound up as a…

The Mumbai bench of the National Company Law Tribunal (NCLT) on Wednesday dismissed Reliance Communications Ltd’s (RCom’s) plea seeking a refund of nearly ₹325 crore from Swedish telecom equipment maker Ericsson.Ericsson India Pvt. Ltd., part of the ₹550 crore that the Reliance Group paid in 2019 to purge a Supreme Court contempt order.

The tribunal held that the payment did not violate insolvency norms and was made solely in compliance with the Supreme Court’s directions, not through any insolvency-linked settlement.

“We do not find any merit in the contention of the applicant that the money paid to Ericsson pursuant to the NCLAT stay order is required to be refunded… The petitions filed by the Resolution Professional of…

43

LAGOS – As G20 leaders met in Johannesburg last month, they faced a grim reality: many developing-country governments are spending more than they can afford on debt service. To keep funds flowing to foreign creditors, policymakers have been forced to cut spending on education, health care, and infrastructure. These countries have so far avoided default, but at the expense of their own development.
The fact that governments across Africa, Asia, and Latin America must close hospitals and cancel school-lunch programs to service their debt is not only a moral failure; it is also a strategic one.

A world where countries cannot invest in sustainable growth and development will struggle to achieve stability, prosperity, and…

President Donald Trump is considering eliminating federal taxes paid by millions of Americans on gambling winnings. 

Newsweek contacted the White House via email outside of regular business hours for further comment.

Why It Matters

Trump’s latest remarks on potentially eliminating federal taxes on gambling winnings come as part of a broader campaign to overhaul the U.S. tax system, building on recent legislative developments such as the One Big Beautiful Bill Act (OBBBA). 

With a significant portion of Americans participating in gambling annually, any change to the current tax policy on winnings could have substantial repercussions for taxpayers, government revenues, and the federal deficit. 

The considerations also draw attention amid…

Australian jewellery retailer Secrets Shhh has been placed into administration, with a sales process underway in order to find a potential buyer.

Kate Warwick, Kelly Trenfield and John Park of FTI Consulting were appointed as joint and several administrators of the retailer’s parent company, Secrets International Pty Ltd, on Wednesday.

Secrets International and its other subsidiaries – including Secrets Wholesale, Secrets Shhh Leasing, Secrets Shhh Franchising, Secrets Shhh Retail Leasing, Secrets Online, Simudia and Secrets Leasing – are all subject to the voluntary administration.

Secrets Shhh is known for its affordable jewellery range as an alternative to luxury items – selling sustainably-sourced, laboratory grown and…