NEW DELHI: While it has taken the Ethics Committee of Parliament to recommend disqualification of absconding liquor baron Vijay Mallya, a new law may soon automatically disqualify a bankrupt person from becoming even a lawmaker. The Joint Committee of Insolvency and Bankruptcy Bill headed by BJP MP Bhupender Yadav has recommended several disqualifications including from…
The Government has less than six weeks to ascertain if the contentious 29 million sale and closure of Clerys last year involved any breaches of employment-protection laws. The closure resulted in the immediate loss of 460 jobs. An officer has been appointed by the Department of Jobs, Enterprise and Innovation to examine if the process…
Administrators have been appointed after former Socceroos captain Lucas Neill was declared bankrupt in the UK. Neill, who is believed to have earned about $40 milliion playing in England for 15 years, was declared bankrupt in January. London-based Insolvency experts Begbies Traynor were appointed trustees to the bankruptcy last week. “Mr Neill is…
Socceroos captain Lucas Neill has delivered an almighty spray to fans who booed him as he was leaving the Allianz Stadium pitch. Former Socceroos captain Lucas Neill has been declared bankrupt in the UK. THE fall from grace of former Socceroos captain Lucas Neill has quickened with the appointment of administrators in London to investigate…
The Ghana Association of Restructuring and Insolvency Advisors (GARIA) has called for the speedy passage of the Corporate Insolvency Bill which is currently before Cabinet into law, to prevent companies from premature liquidation. The Association is of the belief that an effective law on corporate insolvency would enable companies to fall on options to recuperate…
Snooker commentator, 62, spotted gambling in casino in Sheffield He has been covering World Snooker Championships for the BBC Former pro developed gambling addiction in 1980s and is £1million in debt Thorne has previously admitted considering suicide over his problems BBC say it is a ‘personal matter’ and confirm he will continue in role By…
Sydney madam Jamelie Lahood pursued over tax bills The interior of a room at Stiletto Bordello. Photo: Fiona Lee Quimby The interior of a room at Stiletto Bordello. Ms Lahood is said to owe the NSW government more than $190,000 in unpaid land tax. Photo: Fiona Lee Quimby Preparation to clean a room after the…
Tony Abbott, 44, wedded Stephanie Bell during an opulent celebration Believed he spent £100,000 on nuptials and £40,000 on her wedding ring His debt-ridden cold calling firm Reactiv Media has gone into liquidation Company was fined £75,000 by ICO after complaints about unsolicited calls By Alex Matthews For Mailonline Published: 01:44 EST, 2 May 2016 | Updated:…
WASHINGTON — The U.S. House of Representatives goes on a week-long recess on Saturday without moving on legislation to help Puerto Rico restructure its debt, virtually guaranteeing there will be no congressional action before a $422 million debt payment on May 2nd that the island government says it cannot pay. “On Monday there’s going to…