It was a tough financial year for Australias debtors, with the number of personal insolvencies around the country growing over 2017-18 to reach the highest figure in nearly a decade. In figures released by the Australian Financial Security Authority (AFSA), the number of personal insolvencies across the country rose for the third consecutive year, increasing…
By Leith van Onselen The Australian Financial Security Authority (FSA) has released personal insolvency statistics for 2017-18, which reveals a sharp rise in total personal insolvencies to the highest level since the Global Financial Crisis (GFC), with record high insolvencies reached in WA and NT, and debt agreements also hitting an all-time high: According to…
A businessman who killed a motorist more than 10 years ago over a minor road accident has sought to be declared bankrupt.Yesterday, Albert Mbogori urged the High Court to find that he is unable to pay the Sh12.5 million awarded to the widows family.The next hearing will be on September 20.On December 1, 2007, Mbogori…
16:59 18/07/2018 MOSCOW, July 18 (RAPSI) The Commercial Court of Tatarstan has granted a move of Tatfondbank demanding to declare bankrupt its former board chairman Robert Musin on Wednesday, according to the court records. The court has also ordered to initiate sale procedure with regard to Musins property. On February 2, the court initiated a…
The rate of personal insolvencies in Sunderland has significantly increased over the last two years, official data has revealed. In 2015, 24.8 adults per 10,000 were declared insolvent in Sunderland, according to Insolvency Service figures. However, by 2017 that figure had risen to 28.1, an increase of 13.6%. Insolvency is when someone cannot pay their…
The rate of personal insolvencies in Sunderland has significantly increased over the last two years, official data has revealed. In 2015, 24.8 adults per 10,000 were declared insolvent in Sunderland, according to Insolvency Service figures. However by 2017 that figure had risen to 28.1, an increase of 13.6%. Insolvency is when someone cannot pay their…
The crisis engulfing Britain’s high streets will deepen on Wednesday when Gaucho, the steak restaurant chain, crashes into administration after its lenders opted not to pursue a rescue deal. Sky News has learnt that the company, which employs about 1,500 people, has filed a notice of intention to appoint Deloitte as its administrator. While that…
The rate of personal insolvencies in Wakefield has increased by more than a third over the last two years, official data has revealed. In 2015, 16.9 adults per 10,000 were declared insolvent in Wakefield, according to Insolvency Service figures. However by 2017 that figure had risen to 22.8, an increase of 35.3%. Insolvency is when…
Reggiana, the third-division Italian soccer team Mike Piazza agreed to purchase in 2016, has been declared bankrupt, according to reports out of Italy. The team announced on June 24 that it would not be registering in Serie C for the forthcoming season because of its financial issues. Five days later, the team had begun negotiations…
TORONTO An association aimed to promote Canadian companies involved in the space industry has declared itself insolvent and has ceased operations. Michelle Mendes, executive director and president of the Canadian Space Commerce Association, says on its website that the move comes after significant consideration and exploring all options. The CSCA official stressed that the decision…