The High Court on Tuesday declared media tycoon Yu Pun-hoi bankrupt, after a failure to repay debts of more than HK$400 million to a mainland investment bank. Yu is the chairman of formerly listed Nan Hai Corporation, the parent company of online media outlet HK01. The court heard that the creditor, CCB International Overseas Limited,…
Katie Price insisted ‘no one can take her Mucky Mansion’ after she was declared bankrupt for the second time. The former glamour model, 45, was declared bankrupt for a second time over an unpaid tax bill worth more than 750,000. Katie, who was previously declared bankrupt six years ago, owes 761,994.05 to HM Revenue and…
The High Court on Tuesday declared media tycoon Yu Pun-hoi bankrupt, after a failure to repay debts of more than HK$400 million to a mainland investment bank. Yu is the chairman of formerly listed Nan Hai Corporation, the parent company of online media outlet HK01. The court heard that the creditor, CCB International Overseas Limited,…
Online media HK01 founder Yu Pun-hoi was declared bankrupt on Tuesday for failing to repay his debt of more than HK$416 million to an investment bank. Locally based CCB International Overseas Ltd had previously filed a bankruptcy petition against Yu at the High Court. It was reported that a company owned by Yu, Pippen Ltd,…
From 1 January 2021, Australias insolvency framework for small businesses changed. The purpose of the change was to assist small businesses, with debts under AUD $1 million, to survive specifically, by providing these businesses with simpler, more flexible restructuring options outside the existing one size fits all voluntary administration and scheme of arrangement processes available…
Normal text sizeLarger text sizeVery large text size Millions of Australians with substantial debt hangovers have been scrambling to start the year with better financial habits and pay off their debt. But changing habits is hard. Setting realistic targets and getting more creative about budgeting means youre more likely to make those money-saving resolutions stick…