A bankrupt British socialite and art dealer is in a High Court dispute over whether he is the owner of a centuries-old painting. James Stunt, the former son-in-law of ex-Formula 1 boss Bernie Ecclestone, was declared bankrupt in June 2019. A trial in London heard he purchased Sir Anthony Van Dycks portrait, The Cheeke Sisters,…
Shen Yao, once known as LionGold, is under scrutiny after its Australian subsidiary, Balmaine Gold, faced administration due to a significant reduction in gold production, attributed to insufficient storage capacity for mine waste. The crisis unfolded as Balmaine Gold, which took control of the Ballarat mine in 2012 through the acquisition of Castlemaine Goldfields, struggled…
Photo: Mario Beauregard/Alamy Live New Apparently, Just for Laughs cant survive just on laughs it needs money too. The storied Montral comedy institution that, each year, awards the coveted distinction of New Faces to a crop of comedians on the rise, has canceled its 2024 festival, citing financial factors. Groupe Juste Pour Rire Inc., the…
The total number of personal insolvencies climbed to 1,015 for January, rising from 805 in December. This was also a 31 per cent increased from the total number of personal insolvencies recorded in January 2023. Of the new personal insolvencies, 553 were bankruptcies, 452 were debt agreements and ten were personal insolvencies. Workers entering personal…
The consortium that originally included ICM and Howie Mandel has canceled its 2024 edition as new investors or asset sales are considered. March 5, 2024 10:33am Seth Rogen and director Judd Apatow GP Images/WireImage The parent company of Montreals Just For Laughs comedy festival, Groupe Juste Pour Rire Inc., is set to file for bankruptcy…
For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Bankrupt British socialite James Stunt is locked in a High Court dispute over whether he is the owner of a centuries-old painting worth up to 4 million. The…
As the world gradually emerges from the shadows of the COVID-19 pandemic, the economic aftermath continues to ripple through the business sector, particularly affecting directors of previously wound-up businesses. A significant surge in business-related personal insolvencies signals a challenging period ahead, with personal guarantees coming back to haunt many. The latest quarterly report from the…
Nearly one in 10 councils in England have warned they will go bust in the next 12 months as authorities plan widespread cuts, above-inflation council tax rises and across-the-board increases to resident charges, a survey has revealed. The Local Government Information Unit (LGIU) annual poll of local authority leaders and top managers reveals a near-total…
Getty Images By Yasmin Rufo & PA Media BBC News Katie Price must give up almost half of her monthly income from adult entertainment website OnlyFans to repay her debts, a judge has ruled. The High Court court heard that the former model had previously reached a voluntary agreement over her debts, but had failed…
KUALA LUMPUR (March 1): Sapura Energy Bhd said a Mexican unit of the group has been declared bankrupt, after it had failed to restructure its debts with creditors within the stipulated time frame given by a court in that country. The unit, Sapura Energy Mexicana Sociedad Annima Promotora de Inversin de Capital Variable (SEM), is…