WORLD-FAMOUS fashion designer and Kent businesswoman Karen Millen was declared bankrupt at the High Court last week. The 55-year-old, who lives in Wateringbury, was reportedly unable to pay an outstanding £6million tax bill and now faces the loss of her £3million mansion. A former student of fashion design at Medway College of Art, now UCA,…
By Leonard Masauli Health services at Embangweni Mission Hospital under CCAP Synod of Livingstonia have come to a halt as the management is struggling to clear out MK32million debt it owes different medical suppliers. On Saturday, the mission hospital organized prayer and fasting session at Kalungulu Mountain in the area to cry unto the Lord…
Perth home builder Builton Group was trading while insolvent for several months last year before administrators were called in, but was given a clean bill of health by WA’s Building Commission. The commission audited Builton in November and the company went into administration in January, stopping work on more than 100 building sites around Perth,…
The Bucharest Court of Appeal decided to permanently close the insolvency procedure of Hidroelectrica, one of the most profitable state-owned companies, almost five years after the company filed for insolvency, reports local News.ro. When the insolvency procedure was opened, Hidroelectrica had 11 ongoing bilateral contracts for electricity supply at prices considered damaging to the company.…
An idle oil pump jack is seen in a field near Leduc, Alta. / Financial Post CALGARY Major Canadian oil companies could face tens of millions of dollars in liabilities as a result of tiny Lexin Resources Ltd.s insolvency and its inability to clean up over 1,500 oil and gas wells in Alberta, which has…
Invest in RRSPs or other vehicles that are judgment-proof. If the worst happens you still have retirement funds The advice in this column is easy to put into place and will offer protection for personal assets in the case of a business failure. But taking it to an extreme, one could creditor-proof to the point…
CALGARY Major Canadian oil companies could face tens of millions of dollars in liabilities as a result of tiny Lexin Resources Ltd.s insolvency and its inability to clean up over 1,500 oil and gas wells in Alberta, which has doubled the number of orphan wells in the province. Receivership documents reviewed by the Financial Post…
MARTIN VAN BEYNEN/FAIRFAX NZ Dave Henderson is seeking damages after it was found his personal documents were accessed unlawfully. An Official Assignee solicitor unlawfully accessed Christchurch developer Dave Henderson’s personal information, including correspondence with a “well-known” politician about a diet programme. Henderson, a discharged bankrupt who famously battled Inland Revenue in the mid 90s, sued the Attorney-General over…
Former Munster and Ireland rugby star Frankie Sheahan has been declared bankrupt in the High Court, owing over 3.5m. The 40-year-old former hooker, who was forced to retire from the game at the age of 32 because of injury, had declared an interest in eight buy-to-let properties in Cork that he had bought between 2005…
Iron Gates hydropower plant. Author: Espino Family. Licence: Creative Commons, Attribution. BUCHAREST (Romania), April 3 (SeeNews) Romanian hydropower producer Hidroelectrica has exited insolvency, paving the way for a long awaited listing on the Bucharest bourse, seen as the biggest in Romania’s history, its judicial administrator Euro Insol said on Monday. The Bucharest Court ruled on…