Supplied A screenshot from Makouri Scott’s website A Kiwi artist who booked a space flight, later spent almost the entire US$100,000 (NZ$162,000) refunded ticket despite bankruptcy proceedings against him. The facts of this case are, to my mind, unique, associate judge Owen Paulsen said, about the recent case before the High Court of Dunedin. He…
Racehorse owner Marwan Koukashs absence from this weeks Chester race meeting has been explained after it was revealed he has been declared bankrupt. The entrepreneur and former owner of Salford Red Devils rugby league club was dubbed Mr Chester because of his passionate support of his local track where he won its feature prize the…
Were keen to hear from people who have entered into a form of personal insolvency called an individual voluntary arrangement (IVA). These legally binding agreements with creditors let a person pay an agreed monthly amount over a period of usually five or six years. At the end, as long as the agreement hasnt been broken,…
Azalina Othman Said said more men are bankrupt than women. PETALING JAYA: Law and institutional reform minister Azalina Othman Said has refuted claims that youths aged under 25 make up the majority of bankruptcy cases in Malaysia. Winding up the debate on the amendments to the Insolvency Act today, Azalina said the highest number of…
Black Lives Matter is headed for INSOLVENCY after plunging $8.5M into the red – but founder Patrisse Cullors’ brother was still paid $1.6M for ‘security services’ in 2022, while sister of board member earned $1.1M for ‘consulting’ Black Lives Matter Global Network Foundation, a non-profit that grew out of the protest movement, is haemorrhaging cash, financial records…
KUALA LUMPUR: Amendments to the Insolvency Act have been unanimously passed via a voice vote by the Dewan Rakyat on Wednesday (May 24). With the Bill passed, the government is expected to provide more effective administration of bankrupts’ estates in Malaysia and to speedier process to discharge bankruptcy statuses. Minister in the Prime Minister’s Department…
May 24 (SeeNews) – Serbia sold a tractor repair centre of insolvent Industrija Masina i Traktora (IMT) for 64 million dinars ($588,000/545,000 euro) to local company Prvi Maj Cacak, the bankruptcy supervision agency said. in the transaction, Prvi Maj acquired a warehouse, a service hall, a department for overhauling tractor engines and a power transformer…
KUALA LUMPUR, May 24 Former prime minister Tan Sri Muhyiddin Yassin has urged the government to use a more flexible mechanism to discharge individuals who have been declared bankrupt. He said individuals who have been declared bankrupt are actually serving a punishment and if they have shown good behaviour their clearance should be expedited. A…
KUALA LUMPUR: There should be more flexibility in conditional discharges offered to those who have been declared bankrupt, says Tan Sri Muhyiddin Yassin (PN-Pagoh). In his debate speech on amendments to the Insolvency Act 1967 in the Dewan Rakyat on Wednesday (May 24), he said certain conditions could be put in place to allow them…
The Insolvency Services policy and technical conference returns for a third year and were inviting interested parties to submit abstracts of papers. Following the success of last years Forward Thinking conference held at Nottingham Trent University, the Insolvency Service is planning the next conference on Friday 10 November 2023 to be held at University of…