Benelli were declared bankrupt despite the company’s insistence it isn’t Tuesday, 26, Jul 2016 10:57 by Joe Jeffrey Court declares manufacturer bankrupt despite company’s insistence they’re not An Italian court has taken the step of declaring motorcycle manufacturer Benelli bankrupt in a ruling which followed the company failing to pay a debt to components manufacturer,…
It is not just the Barnett government going broke in west. The hangover from the mining boom appears to be biting West Australians and local businesses, with the state recording the biggest increase in personal and business insolvencies across Australia for June. The end of the mining boom has meant doom for many West Australians. Photo: Simon…
Aodhan OFaolain Breifne O’Brien convinced people to invest millions of euros in bogus dealsMARK STEDMAN/ROLLINGNEWS Breifne OBrien, the convicted fraudster, has been declared bankrupt by the High Court. The former businessman was given a seven year prison sentence in 2014, which he is currently serving, for convincing people to give him millions of euros for…
UK parliamentarians have criticised as wholly inadequate attempts by the former owner of retailer BHS to address the companys pension deficit and called for significant contributions to address the schemes underfunding. Philip Green was the focus of the parliamentary investigation into the retailers insolvency earlier this year, which followed Greens sale of BHS to Retail…
The High Court has adjudicated convicted fraudster Breifne O’Brien as being a bankrupt. In 2014 the former businessman was given a seven year prison sentence, which he is currently serving, for inducing others to advance millions of euro to him for investment in bogus property deals. O’Brien with an address at Monkstown Grove, Monkstown, Co…
By Press Association Published: 20:23 EST, 25 July 2016 | Updated: 20:23 EST, 25 July 2016 The estate of the late Russian oligarch Boris Berezovsky is “hopelessly insolvent” a High Court judge has said. Mr Justice Arnold says about £34 million remains in the estate but creditors’ claims run into hundreds of millions of pounds.…
The estate of the late Russian oligarch Boris Berezovsky is hopelessly insolvent, a High Court judge has said. Mr Justice Arnold says about £34 million remains in the estate but creditors claims run into hundreds of millions of pounds. The judge outlined financial facts in a ruling on the latest stage of litigation involving insolvency…
The Gibraltar Financial Services Commission (GFSC) has directed Enterprise Insurance Company, under section 105 of the Financial Services (Insurance Companies) Act, to cease writing any new insurance business or contracts after the company was declared insolvent. GFSC has also issued certain directions under Section 100 of the Financial Services (Insurance Companies) Act that prohibits Enterprise…
GRACE Mugabe turned 51 Saturday to gushing praises from officials and insolvent government owned companies while the State media published a 12-page supplement in her honour. The Herald supplement carried adverts from struggling parastatals, which had been asked to pay for advertising despite the country’s crippling economic crisis. For the second year…
Como have been declared bankrupt due to debt payments but are hoping to appeal the decision. After putting an end to a 12 year-wait for a return to Serie B, Como were unable to sustain their position in the 2nd tier of Italian Football and are now struggling with an even bigger issue than trying…