The cash-splashing director of a nuisance call biz has been struck off for 12 years after breaking telemarketing rules and trading while insolvent. Tony Abbott was the sole director of Reactiv Media, which used its large database of UK customers to make unsolicited direct marketing calls for a range of businesses. However, the biz went…
Boris Becker was declared bankrupt in June last year over a £3.3million debt The tennis star is said to have earned about £100million throughout his career Mr Becker and bankruptcy trustees are appealing for help finding his trophies The former Wimbledon great says he cannot remember where the items are By Julian Robinson for MailOnline…
The former sole director of a New South Wales-based motorhome converter business has been sentenced to 15 months home detention after a court found he took more than $165,000 in payments to build motorhomes that were never delivered. In a case brought by the NSW Office of Fair Trading, the former director admitted in Parramatta Local…
Bankrupt former billionaire Nathan Tinkler is embroiled in a family feud and has been charged with allegedly smashing a stained glass window at his sister’s house. The case was briefly mentioned in Port Macquarie Local Court on Wednesday, but Mr Tinkler did not appear. Former mining magnate Nathan Tinkler outside court on January 27. Photo: Daniel Munoz Police allege that…
Illustation: Sameer Pawar In early January, news of Anil Agarwal-backed Vedanta Resources emerging as a bidder for debt-laden Electrosteel Steels sent the latters stock soaring. While Vedanta wasnt the only bidderEdelweiss Asset Reconstruction Company, Tata Steel and Abhishek Dalmia-promoted Renaissance Steel were also in the fraythe process marked the beginning of proceedings under the Insolvency…
CHARGED: Former billionaire Nathan Tinkler has been charged by police for allegedly destroying property. BANKRUPT former billionaire Nathan Tinkler is embroiled in a family feud that has seen him charged with allegedly smashing a stained glass window at his sisters house. The case was briefly mentioned in Port Macquarie Local Court on Wednesday, but Mr Tinkler did not appear. Police allege…
RIGA – The administrator of the to-be-liquidated Latvijas Krajbanka, recovered EUR 7.198 million in 2017, according to a report published in the official gazette Latvijas Vestnesis. In December 2017 the administrator recovered EUR 123,223. The whole sum was recovered from the loans issued by the bank. The costs of the Latvijas Krajbanka insolvency procedure has…
License: Creative Commons CC0 BELGRADE (Serbia), January 22 (SeeNews) Serbia’s Bankruptcy Supervision Agency said it is selling the production facilities of insolvent pharmaceutical company Jugoremedija estimated at 3.887 billion dinars ($40.1 million/32.8 million euro). An auction for the Jugoremedija factory in Zrenjanin, in the north of the country, will take place on February 8, the Bankruptcy…
The move was quickly decried by the solar industry, which said the tariffs would create a “crisis” and cost thousands of US jobs and billions in investment without helping domestic suppliers meet rising demand. US Trade Representative Robert Lighthizer said the tariffs were imposed after an “exhaustive” review by USTR and the independent US International…
Manoj Kumar The Insolvency and Bankruptcy Code (IBC) stands out among the series of reforms the present government has brought about as the Indian banking system juggles with the huge pile of non-performing assets (NPAs) of over Rs 8 lakh crore. However, as in the case of any new law, the IBC too has certain loopholes…