New London Ten years ago, on July 28, 2008, federal regulators arrived early in the morning at the tiny New London Security Federal Credit Union to close down the more than 70-year-old institution, only to find that someone apparently had broken in to the office overnight. “It looked like somebody had tried to get past the…
Jonathan Ames, Legal Correspondent Kevin Cash with his wife, Carla, a former model. North Aston Hall is up for sale but it may be beyond the reach of creditorsVAGNER VIDAL/INS; NICK HARVEY/GETTY IMAGES A little more than a year ago, he had it all expensive houses, the trappings of luxurious living and a trophy wife. He…
Tabby Kinder The average family spent £900 more than they earned last yearMATT MORTON/PA The number of personal insolvencies in England and Wales has hit a six-year high as consumers are squeezed by high inflation, modest wage rises and growing levels of debt. There were 28,951 people declared insolvent in the past three months, a…
Tabby Kinder The average family spent £900 more than they earned last yearMATT MORTON/PA The number of personal insolvencies in England and Wales has hit a six-year high as consumers are squeezed by high inflation, modest wage rises and growing levels of debt. There were 28,951 people declared insolvent in the past three months, a…
The number of people declared insolvent hit a six-year high in the three months to June as the squeeze from high inflation, meagre wage rises and benefit cuts hit the finances of low-paid workers. Individual insolvencies totalled 28,951 in the second quarter, a jump of 4.4% on the previous quarter and 27.3% on the same…
In hindsight, Chapman says the advisor was the king of bullshit. According to the National Personal Insolvency Index, Navra had been bankrupt for nine months from September 2001 before the bankruptcy was annulled after his debts were settled. By May 2009, Great Southern had collapsed, leaving Chapman – and thousands of others – with almost…
NEW DELHI: Devendra Jain was abducted one muggy Mumbai afternoon last September, whisked away in a car by angry investors of an insolvent firm he was tasked with reviving. The chartered accountant says he stood outside the firms midtown office that day, by a bustling main street. Suddenly a group of investors walked up, demanding…
A Braddon candidate declared bankrupt a decade ago says he won’t pull out from this weekend’s by-election even though he’s likely to be ineligible to sit in parliament. Australian People’s Party candidate Bruno Strangio was declared bankrupt in 2008 – undischarged bankrupts are ineligible to sit in parliament. Bruno Strangio, He was one of 13…
FORMER associates of Kimberley Kampers director Todd Cannock have raised questions about his conduct in recent months as it emerges he “repossessed” the former owner’s four wheel drive in a bizarre move. Bruce Loxton, who successfully ran Kimberley for 14 years until the financial fallout of a marriage breakup forced him to bring a partner…
UPDATE, 10.55am: SACKED overnight en masse, shocked and saddened Kimberley Kamper employees have been collecting their personal items from the gated Ballina factory this morning. Administrators from insolvency form SV Partners and a security guard have been letting workers in seven at a time into the complex in what is a coldly formal process. Workers…