Boris Becker has been declared bankrupt over a debt outstanding since October 2015. Lawyers for the three-time Wimbledon winner pleaded with a Bankruptcy Court registrar in London on Wednesday for a last chance to pay a long-standing debt. However, Registrar Christine Derrett, who recalled watching him play, said it was with regret she had concluded…
A self-styled Lord and property developer from Bristol has been declared bankrupt. A bankruptcy order has been made for Lord Houshang Jafari-Najafabdi at Bristol County Court. The 65-year-old, who lives at Dower House – the famous yellow house which dominates views from the outbound M32 motorway was declared bankrupt earlier this year, it has been…
Problem debt could affect one in six adults BelfastTelegraph.co.uk One in six adults is at risk of being tipped into a debt crisis, according to the Money Advice Service (MAS). http://www.belfasttelegraph.co.uk/business/news/problem-debt-could-affect-one-in-six-adults-35850033.html http://www.belfasttelegraph.co.uk/business/news/article35850032.ece/832c6/AUTOCROP/h342/PANews%20BT_P-7c7b865f-1bae-4882-9005-cc614a9eac45_I1.jpg Email One in six adults is at risk of being tipped into a debt crisis, according to the Money Advice Service (MAS). Research…
As the focus on data analytics ramps up among the legal profession, one insolvency expert has highlighted that the need for professional scepticism is stronger than ever before. Professional scepticism is described as an independent state of mind that can form an opinion without being affected by factors that compromise judgement, according to Jirsch Sutherland…
By Richard Read and Teddy Nykiel NerdWallet Fraudulent debt relief companies are preying on the most vulnerable of the 44 million people with student loans, as federal officials dispute whos to blame and what to do, a NerdWallet investigation has found. U.S. enforcement agencies the Consumer Financial Protection Bureau and the Federal Trade Commission in…
Mumbai: Share prices of most of the companies identified by the Reserve Bank of India (RBI) for bankruptcy proceedings have fallen sharply as banks move closer to trying them at National Company Law Tribunal (NCLT). For instance, Amtek Auto Ltds share price has fallen 24% since 13 June, the day RBI said its internal advisory…
The Insolvency and Bankruptcy Board of India (IBBI) on Friday notified the Insolvency and Bankruptcy Board of India (Fast Track Insolvency Resolution Process for Corporate Persons) Regulations, 2017. The board announced the regulations in exercise of its powers conferred by sections 58, 196 and 208 read with section 240 of the Insolvency and Bankruptcy Code,…
At a time when the Reserve Bank of India is identifying mega defaulters to initiate bankruptcy proceedings against them, Mumbai-based Amar Remedies is heading for liquidation with the company filing a bankruptcy petition on its own. The company, which manufactures personal healthcare products, has defaulted on Rs 464 crore of loans taken from various financial…