Asked by her husband to sign some documents that would mortgage their detached house in Katong in order to secure a loan for his business, some seven years ago, a 49-year-old housewife agreed. But the firm defaulted on the loan, and the bank started bankruptcy proceedings against Madam Lim Lee Lee over an outstanding $16.2…
SINGAPORE – Asked by her husband to sign some documents that would mortgage their detached house in Katong in order to secure a loan for his business, some seven years ago, a 49-year-old housewife agreed . But the company defaulted on the loan, and the bank started bankruptcy proceedings against Madam Lim Lee Lee over…
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Redx Pharmas transition from administration back to trading on AIM is an unprecedented move for a UK company. The UK-based drug R&D company was declared insolvent in May after missing a repayment deadline for a £2 million ($2.62 million) secured loan from Liverpool City Council dating from 2012. It was…
Mark Schwarzer The former Middlesbrough and Fulham No.1 currently holds the record for the most caps for the Australia senior team with 109 and is the only non-British player to date to make more than 500 appearances in the Premier League. He was also the first player to win back-to-back EPL titles with two different…
The New Delhi bench of the National Company Law Tribunal has started corporate insolvency resolution proceedings (CIRP) against Applied Electro Magnetic for not paying salary to an employee for a long time, the Times of India reported. This is possibly the first ever instance of NCLT giving such a ruling under the Insolvency and Bankruptcy Code…
Mark Schwarzer The former Middlesbrough and Fulham No.1 currently holds the record for the most caps for the Australia senior team with 109 and is the only non-British player to date to make more than 500 appearances in the Premier League. He was also the first player to win back-to-back EPL titles with two different…
Less than a week after Venezuela shocked the world by announcing it would proceed to restructure its massive external debt, even as it was within the grace period on hundreds of millions in unpaid interest expense, on Thursday the socialist nation confirmed it has never been closer to an official default after Reuters reported that…
You think the tracker mortgage scandal is bad? Wander down to the Four Courts in Dublin some Monday and pop up to Court 11 to witness banks not facing up to reality on a near weekly basis. The list of personal insolvency cases coming before Ms Justice Marie Baker is as good a place as…
Edinburgh (AFP) – Scotland coach Gregor Townsend has told his side to prepare for a typically proud Samoa at Murrayfield on Saturday regardless of the financial meltdown that has engulfed the Pacific islanders. Townsend expects stern test despite Samoa cash crisis This week saw the Samoa Rugby Union declared bankrupt by chairman Tuilaepa Sailele Malielegao,…