An ATO warning about tax debt should be a red flag to any accountant that the business needs to talk to an insolvency specialist before the situation becomes irretrievable, say two specialists in the field. The earlier a warning flare went up, the more options were available to the business owner, said Jirsch Sutherland national…
The Reserve Bank of India-appointed Administrator of debt-ridden Reliance Capital (RCAP) on 15 October wrote a letter to Hinduja Group firm IndusInd International Holdings Ltd (IIHL). It raised questions on the source of funds and business plan, reported news agency PTI citing sources. In the letter to IIHL, the Administrator has asked the successful resolution…
The actor has yet to comment… Coronation Street regular Ryan Thomas, who plays Jason Grimshaw, has been reportedly been declared bankrupt. According to the Daily Mirror and Breaking News, the 29-year-old actors financial troubles began over an unpaid tax bill. The actor, who was previously in a relationship with his co-star Tina OBrien and shares…
A former Deputy Minister of Finance, Kweku George Ricketts-Hagan has said the former Chief Executive Officer of the defunct Capital Bank, William Ato Essien could have been prosecuted without the government revoking the bank’s license to collapse it during the financial sector cleanup. Capital Bank was declared insolvent by the Bank of Ghana (BoG) in August…