Former Irish rugby international Ronan OGara has claimed that his former business partner John ODriscoll fraudulently removed 15,725 in funds from their Cork pub business. Mr OGara, currently manager of the French rugby side La Rochelle, is challenging the personal insolvency arrangement of his friend and former UCC and Cork Constitution team-mate whom he backed…
AM Best has raised the possibility of further insurer insolvencies in Floridas troubled property insurance market unless immediate and substantive long-term legislative reforms are introduced. The rating agency aired its concerns as the states legislators prepare to sit for a special session this week to address the worsening insurance crisis after Hurricane Ian left estimated…
Between 10,000 and 12,000 companies in Australia are declared insolvent in a typical year, although this fell to around 4,000 to 6,000 during the COVID-19 pandemic.Factors such as government support measures and historically low interest rates had allowed many businesses to avert collapse. However, Jason Preston of advisory and restructuring firm McGrathNicol is among the…
The liquidators of failedadtech startup Metigy, whichcollapsed into administration in July, just 20 months after raising $20 million in a Series B, have taken a $1.45 million hit on the sale of a country property bought using company funds by the startups now bankrupt founder, David Fairfull. Fairfull bought the 48-hectare 4-bedroom property in the…
Bankrupt Katie Price manages to ‘bag 5,000 in just nine months after flogging over 2,000 secondhand clothes on Depop’ By Niomi Harris For Mailonline Published: 02:19 AEDT, 11 December 2022 | Updated: 02:35 AEDT, 11 December 2022 View comments Katie Price has… Read the full article at: https://www.dailymail.co.uk/tvshowbiz/article-11524049/Bankrupt-Katie-Price-bags-5-000-just-nine-months-flogging-secondhand-clothes-Depop.html
Tens of thousands of Australianinvestors with superannuation and savings tied up in cryptocurrency remain in suspense, as a major Australian broker collapses into voluntary administration. Key points: Brisbane-based cryptocurrency broker Digital Surge has gone into voluntary administration The company is proposing a “rescue plan” but this would need to be approved by its 30,000 creditors…
Stewart Day, left, and Steve Dale, right, have been declared bankrupt (Image: Newsquest) Two former Bury FC chairmen who were involved in the running of the club during its darkest dayshavebeen declared bankrupt within months of each other. In July, a bankruptcy order was made for businessman Steve Dale who bought the club in December…
Hundreds of jobs have been saved with the purchase of a shoe and podiatry retailer out of administration. Gareth Harris and Lee Lockwood of RSM UK Restructuring Advisory LLP were appointed joint administrators of Shuropody Retail Limited this week and have now secured the purchase of the business and assets of Shuropody in a pre-pack…
Analysts at AM Best have warned ahead of the second special session of Florida lawmakers that further insurer insolvencies are possible if immediate and substantive long-term reforms arent realised. Source: Rebecca Blackwell, AP Governor of Florida, Ron DeSantis, has called the session in order to work with the Legislature to introduce more competition and policies…
OLDWICK, N.J.–(BUSINESS WIRE)–As Florida legislators prepare another special legislative session to help stabilize its troubled property insurance market, AM Best is of the view that without immediate and substantive long-term legislative reforms, the potential for further insurer insolvencies remains. The Bests Commentary, Florida Government Seeks to Repair Property Insurance Market, states that many market participants…