A hearing in the Insolvency and Companies Court on Tuesday (December 13) revealed that Mr Afriyie owed around 1 million to HMRC and around 700,000 to Barclays. Judge Nicholas Briggs said: There have been six hearings already of this matter so time really has run out. I shall make a bankruptcy order. It seems to…
The 55-year-old German six-time Grand Slam champion has served a prison sentence linked to his 2017 bankruptcy. Former tennis superstar Boris Becker has departed for Germany after his release from a British prison where he served a sentence relating to his 2017 bankruptcy, according to his lawyer. The 55-year-old German six-time Grand Slam champion was…
German tennis figure Boris Becker, three-time Wimbledon champion, has been released after nearly eight months in jail and will be deported by plane from the UK, local news agency PA reported on Thursday. Becker, 55, was released after serving just eight months of a two-and-a-half-year prison sentence imposed last April for concealing assets and loans…
A combination of economic factors, the after-effects of the pandemic, and a widespread complacency from company directors have caused a significant spike in the number of UK insolvencies, market participants have said. Directors are leaving it far too late to take the steps needed to save jobs, said Claire Burden, head of advisory consulting at…
The company behind well-known Scottish music festival Doune the Rabbit Hole has entered liquidation. Doune The Rabbit Hole Festival Ltd, the company that ran the 2022 event at Cardoss Estate in Stirlingshire, said it has entered liquidation after suffering huge financial difficulty. It comes after accusations surfaced in Octoberthat the festival, Scotlands largest outdoor camping…
Member Article Corporate insolvencies increased by 4.2% in November 2022 to a total of 2,029 compared to Octobers total of 1,948, and increased by 21.1% compared to November 2021s figure of 1,676, and by 34.8% compared to November 2019s total of 1,505. Personal insolvencies decreased by 0.6% to 10,465 in November 2022 compared to 10,528…
German tennis star Boris Becker has been freed from a British prison and will be deported from the country, PA Media reported on Thursday. Key points: His release comes more thanseven months after he was sentenced to two-and-a-half years in prison He was found guilty of hiding hundreds of thousands of pounds of assets after…
They could not get comfortable during their due diligence before the appointment of administrators and thats why they withdrew their offer to provide $30 million of secured funding, he said. The administration process allowed Webuild to have commercial renegotiations with Cloughs clients without having to take on its historical liabilities on contracts, he said. Its…
Daily News View All News 15 December 2022 Adcorp Holdings Ltd. (ADR:JNB), a Johannesburg, South Africa-based staffing provider, said Wednesday it hadnt found a buyer for its subsidiary allaboutXpert Australia Propriety Ltd. As a result, Adcorpo placed allaboutXpert in voluntary administration on 12 December. Adcorp had reported in October that it had classified allaboutXpert Australian…