Apparently, there is a very small chance of it being recovered

He may have made his name on Made In Chelsea with his party-boy charm and messy love life, but it turns out Miles Nazaire’s real drama has been playing out off-screen, with his company now in serious debt.

The Daily Mail reported that Miles’ production company, LGI Productions Ltd, has officially gone into voluntary liquidation. As a result, it has left a long list of unpaid debts. Apparently, there is a very small chance of it being recovered.

Miles Nazaire, who is 29 and half-French, has stayed visible on-screen with appearances on Dancing On Ice and the Channel 4 documentary…

Debt is a normal burden, and most people have multiple repayments they have to make every month across mortgages, car loans, credit cards, student loans, lines of credit and personal loans. Personal finance isn’t widely taught in schools, but managing your money is an essential life skill. Spreadsheets and apps are helpful in saving, budgeting and repaying debts, but often fall short in providing tangible information. Could artificial intelligence help bridge the gap?

There’s a chasm between getting no financial advice at all (commonly due to debt shame or a lack of funds) and being able to afford a financial adviser, so I…

Aurelio Gurrea-Martínez is an Associate Professor of Law and Head of the Singapore Global Restructuring Initiative at the Singapore Management University Yong Pung How School of Law. His research interests lie at the intersection of law and finance, with particular emphasis on corporate governance, financial regulation and corporate insolvency law, and how legal and institutional reforms may promote entrepreneurship, innovation, access to finance and economic growth. He has taught, studied or conducted research at several institutions in the United States, the United Kingdom, Continental Europe, Asia-Pacific, Latin America and the Middle East, including the University of Oxford, Cambridge University, Harvard Law School, Columbia…

The Bombay High Court held that the moratorium provision under Section 14 of the Insolvency and Bankruptcy Code, 2016 applies only to the Corporate Debtor and the natural persons are liable under Chapter XVII of the Negotiable Instruments Act, 1881 (NI Act).

The Nagpur Bench held thus in a batch of Criminal Applications seeking to quash the criminal cases filed under Section 138 read with 141 of the NI Act.

A Single Bench of Justice Urmila Joshi-Phalke observed, “In para No.77 of the judgment, in the case of P.Mohanraj vs. M/s.Shah Ispat Private Limited supra, the Hon’ble Apex Court observed that for the period of moratorium, since no Section 138/141 proceeding can continue or be initiated against the corporate debtor because of…

(InvestigateTV) — Getting a call from a debt collector can feel overwhelming—and intimidating. But consumer advocates say the worst thing you can do is panic or pay right away. Before taking action, it’s important to validate the debt and understand your legal rights.

Leslie Tayne, a veteran debt relief attorney, said one of the most common mistakes people make is avoiding debt collection calls altogether.

“Don’t be afraid to say, who are you? Where are you calling from and what is the purpose of the call?” Tayne advised. “If you’re still unsure whether they’re asking you for personal information to verify certain details, you can ask them for a phone number. You can look them up yourself online. Do a little independent…

Jovian, once a household name in Malaysian and Indonesian fashion circles, was declared bankrupt by the Kuala Lumpur High Court on Thursday for failing to repay a US$1.25 million loan to an engineering firm.

Now 39, Jovian gained local prominence in part through his marriage to Ismail Sabri’s daughter, Nina. The couple divorced in August…

Colombia is exploring the possibility of issuing loans denominated in Swiss francs—an unconventional and bold financial move as part of its ongoing efforts to manage the rising costs of its public debt.

The strategy aims to take advantage of the relatively low interest rates typically associated with the Swiss currency to refinance more expensive existing debt, particularly that issued in pesos and U.S. dollars.

Javier Cuellar, director of public credit at Colombia’s Ministry of Finance, confirmed that the government is negotiating loans of…

When Adelaide Designer Homes was placed into liquidation last month electrician Ralph Czabayski was one of more than 80 creditors left out of pocket.

It also left 20 home owners like Joanna and Henry Clough without a completed home.

They’re now living in their friend’s tiny spare room and are expecting a baby next month.

Mr Czabayski is $80,000 out of pocket. It’s a staggering figure but for him it’s just the cost of doing business.

His family has owned Star Electrical for more than 40 years and he told 7.30 Adelaide Designer Homes is the seventh builder who’s owed him money to have collapsed over the past 15 years.

“No-one likes to lose…