NEW DELHI: Banks and other entities have involved personal bankruptcy provisions in over 1,800 cases against personal guarantors a majority of whom would be ousted promoters of companies which faced action under Insolvency and Bankruptcy Code but realisation of claims has been extremely poor, so far.Claims filed against the personal guarantors topped Rs 1. 5…
FORMER Salford Red Devils owner Marwan Koukash has been declared officially bankrupt. Its a name that the rugby league fraternity know like the backs of their hands with the Palestine-born racehorse owner entering the 13-man code in 2013 before exiting in 2018. Among the way, Koukash rebranded Salford City Reds to Salford Red Devils, splashing…
By Marine Strauss BRUSSELS (Reuters) -The first and only Belgian cryptocurrency lending platform, Bit4You, said it was suspending its activities after CoinLoan, one of its main service providers, was declared insolvent by an Estonian court. CoinLoan, a crypto lending company based in the Baltic state, also no longer has the required registration as a custodian…
A husband’s failure to pay his taxes has cost his partner her home. Photo / 123RF A team of police and debt collectors have booted an Auckland couple from their Mt Albert house so the property can be sold to help pay hundreds of thousands of dollars in unpaid tax. Two police officers and four…
A secretary has secured High Court approval for a personal insolvency arrangement (PIA) which involves some 3.6 million of her total 4.16 million debts being written off for a payment of 3,000. Under the terms of the PIA, Mars Capital Finance Ireland DAC, a secured creditor of Winifred Swaine (59), will be paid its total…
NEW DELHI: Banks and other entities have involved personal bankruptcy provisions in over 1,800 cases against personal guarantors a majority of whom would be ousted promoters of companies which faced action under Insolvency and Bankruptcy Code but realisation of claims has been extremely poor, so far.Claims filed against the personal guarantors topped Rs 1. 5…
Monday 15 May 2023 7:00 am The capitals premier index jumped 0.44 per cent to 7,504.58 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, bumped 0.16 per cent higher to 18,559.53 points (Photo by Dan Kitwood/Getty Images) The Insolvency Service last year launched 36…
In Q1 2023 (Jan 1 Mar 31), there were 355 formal insolvency proceedings lodged in New Zealand compared to the corresponding period in 2022 when there were 277. Thats an overall increase of 28%. BWA Insolvency has been tracking the data on liquidations, receiverships and voluntary administrations since 2012. The Registrar of Companies Office records…
Former Salford Red Devils owner Marwan Koukash has been officially declared bankrupt. Koukash became a prominent figure in rugby league from 2013 onwards when he took ownership of the Red Devils but having left the club it seems financial troubles have found him. He was keen to splash the cash at Salford though and in…
The figures come as Citizens Advice warns people are at risk of “spiralling into debt” amid the cost-of-living crisis. A person becomes insolvent when they are unable to pay their debts and are left with a choice of declaring bankruptcy or taking on measures to pay them back. New figures from the Insolvency Service show…