Sandalwood scheme promoter Frank Wilson is bankrupt after failing to douse a $15.2 million debt owed to the finance arm of his former flagship Quintis. Federal Court judge Katrina Banks-Smith declared him bankrupt after rejecting Mr Wilsons conspiracy claims over alleged actions after he left Quintis in March, 2017, to pursue a failed takeover bid.…
Christopher Kane was once one of the buzziest labels on Londons fashion week schedule. Now, the company is on the brink of bankruptcy. On Wednesday, the company said its board will file an intention to appoint insolvency firm FTS Recovery as administrators, with a goal to either refinance the companys existing debt or find a…
Mexican airline Interjet, the largest foreign buyer of the Russian regional jets Sukhoi Superjet SSJ-100, declared officially bankrupt. On May 31, an auction started in Mexico to sell the carriers assets, as reported by the Russian newspaper Kommersant. The total value of the auctioned movable property, including office equipment, is estimated at $105 million, with…
For how mind-blowingly lucrative a career in top-level football can prove, even if a player doesnt fulfil their potential, stories of post-playing career bankruptcy are worryingly common. Nobody is safe from the reality of life. Its been proven time and time again by some of the biggest names in the game that no matter how…
STATE OF NORTH DAKOTA IN DISTRICT COURT COUNTY OF BURKE NORTH CENTRAL JUDICIAL DISTRICT North Dakota Agriculture Commissioner, Petitioner, -vs- Pipeline Foods, LLC; and Atlantic Specialty Insurance Company; Respondents. Case No. 07-2023-CV-00019 NOTICE OF NORTH DAKOTA AGRICULTURE COMMISSIONER, ACTING BY AND THROUGH THE NORTH DAKOTA DEPARTMENT OF AGRICULTURE, AS TRUSTEE AND NOTICE TO FILE CLAIMS…
A bankrupt former deputy mayor had questions of his own when declining to participate in an interview with police over an alleged fraud. Salim Mehajer, 37, repeatedly told police he was not participating in a recorded interview in January 2021 and maintained his innocence as he answered questions from and asked them to NSW Police…
Jirsch Sutherland Personal guarantees can sink business owners Understand the risks of ‘personal Kryptonite’, urges insolvency specialist Personal guarantees can lead to bankruptcy, and SME owners should understand the risks and the ‘rewards’ of personal liability on business debts, urges Jirsch Sutherland, national insolvency and turnaround solutions specialist. A personal guarantee (also known as a…
Victorias former minister Danny Pearson rejected advice on how the government could expand its state-backed home building insurance scheme to protect consumers whose builders abandon their projects but arent declared insolvent. Documents released under freedom of information and obtained by The Age reveal that last July, then-housing minister Pearson asked for advice from state bureaucrats…
Ample Hills, the Brooklyn-based ice cream chain that went from beloved to bankrupt in a little over a decade, will reopen under its original owners this week. The ice cream shop declared bankruptcy last year with 14 locations in New York City, including a giant Red Hook production facility that cost nearly $7 million to…
More than 1,000 people had to be helped with debt in 2022, the majority them with mortgage arrears, according to the Insolvency Service of Ireland (ISI). It also confirmed 105 people were adjudicated bankrupt during the year. Of the 1,151 Protective Certificates that were issued, 90% were for Personal Insolvency Arrangements (PIA), the solution that…