When Detroit went bankrupt in 2013, it was a basis for pundits to make negative projections on urban America. After all, a city with decades of Democratic rule and left-wing policy had declared itself insolvent. It was just a matter of time, the thinking went, before politically-similar cities followed. Six years later, the specter of…
Begbies Traynors Hull team comprising (L to R): Laura Baxter, Richard House, Andrew Mackenzie, Andrew Maitland, Chloe Barkworth and Ella Anthony Andrew Maitland is the latest insolvency professional to join Begbies Traynor as it continues to grow its presence across the Humber region and North Lincolnshire. With seven years experience working for accountants and insolvency…
JUMP! Swim Schools has been dealt another blow with franchisor Jump Loops Pty Ltd placed in Court appointed liquidation. The Jump Loops liquidation announcement comes just weeks after alternate franchise entity Jump Swim Schools Services Pty Ltd suffered a similar fate. At a Federal Court hearing last Friday, Registrar Claire Gitsham ordered that Jump Loops…
External tables and chairs Q: I have just taken over a restaurant on the high street with some tables and chairs outside and a council highways officer has told me that I do not have permission for these and they must be removed. Is this correct? A: Probably! It is worth investigating. Unfortunately, on the…
German Tennis star Boris Becker won Wimbledon three times and has now gone bankrupt. It is because of a divorce battle and a financial dispute. The divorce issue is not like any battle on the tennis arena. His ex-wife, Lilly is a party to the proceedings and the one-time tennis great is facing bankruptcy. In…
Tuesday, July 9, 2019 On May 30, 2019, Dubais ruler, Sheikh Mohammed bin Rashid al-Maktoum, signedDIFC Insolvency Law, Law No. 1 of 2019(the New Insolvency Law) into law, thereby repealing and replacing DIFC Law No. 3 of 2009. The New Insolvency Law, and supporting regulations (the Regulations), became effective on June 13, 2019, and govern…
Wyoming is in crisis. Coal mines have shut down, hundreds of people are out of work, unemployment offices are overwhelmed, and there appears to be worse to come. The coal industry, long seen as a friend and economic linchpin in the state, is falling apart, and the very communities that have supported it most are…
CAMBRIDGE, Mass. A German company that is developing a lunar lander has filed for insolvency, citing a shortfall in funding, but vows to continue development of its spacecraft. Berlin-based PTScientists announced July 8 that it had filed for preliminary insolvency under the German Insolvency Code in a local court July 5. That court has appointed…
By Chris Robertson, news reporter German tennis legend Boris Becker is auctioning off items from his illustrious career to pay off the debts he owes after being declared bankrupt two years ago. The 82 items include trophies from his illustrious career, shoes and clothes that he wore on the court, and even a watch gifted…
Fortress Investment Group is buying bitcoin (BTC) claims from Mt. Gox creditors, according to a report by CoinDesk on July 8. The Japan-based cryptocurrency exchange Mt. Gox filed for bankruptcy in 2014 after losing $473 million worth of bitcoin at the time due to an apparent hack. Bitcoin reportedly experienced a subsequent decline in value,…