NEW DELHI: While it has taken the Ethics Committee of Parliament to recommend disqualification of absconding liquor baron Vijay Mallya, a new law may soon automatically disqualify a bankrupt person from becoming even a lawmaker. The Joint Committee of Insolvency and Bankruptcy Bill headed by BJP MP Bhupender Yadav has recommended several disqualifications including from…
The Government has less than six weeks to ascertain if the contentious 29 million sale and closure of Clerys last year involved any breaches of employment-protection laws. The closure resulted in the immediate loss of 460 jobs. An officer has been appointed by the Department of Jobs, Enterprise and Innovation to examine if the process…
Administrators have been appointed after former Socceroos captain Lucas Neill was declared bankrupt in the UK. Neill, who is believed to have earned about $40 milliion playing in England for 15 years, was declared bankrupt in January. London-based Insolvency experts Begbies Traynor were appointed trustees to the bankruptcy last week. “Mr Neill is…
Socceroos captain Lucas Neill has delivered an almighty spray to fans who booed him as he was leaving the Allianz Stadium pitch. Former Socceroos captain Lucas Neill has been declared bankrupt in the UK. THE fall from grace of former Socceroos captain Lucas Neill has quickened with the appointment of administrators in London to investigate…
The Ghana Association of Restructuring and Insolvency Advisors (GARIA) has called for the speedy passage of the Corporate Insolvency Bill which is currently before Cabinet into law, to prevent companies from premature liquidation. The Association is of the belief that an effective law on corporate insolvency would enable companies to fall on options to recuperate…
Sydney madam Jamelie Lahood pursued over tax bills The interior of a room at Stiletto Bordello. Photo: Fiona Lee Quimby The interior of a room at Stiletto Bordello. Ms Lahood is said to owe the NSW government more than $190,000 in unpaid land tax. Photo: Fiona Lee Quimby Preparation to clean a room after the…
Tony Abbott, 44, wedded Stephanie Bell during an opulent celebration Believed he spent £100,000 on nuptials and £40,000 on her wedding ring His debt-ridden cold calling firm Reactiv Media has gone into liquidation Company was fined £75,000 by ICO after complaints about unsolicited calls By Alex Matthews For Mailonline Published: 01:44 EST, 2 May 2016 | Updated:…
The interior of a room at Stiletto Bordello. Photo: Fiona Lee Quimby Sex sells, the tax bills suggest. The Australian Tax Office has pursued Sydney madam Jamelie Lahood for $16 million in income tax, interest and penalties. Ms Lahood was said to have owed nearly $2 million during some years as she ran Stiletto, one of…
The upswing was the first increase since Q1 2014, and was mainly driven by an increase in compulsory liquidations, which were at the highest level since Q1 2015. A total of 804 companies were subject to a compulsory winding-up order in Q1 2016, a 36% increase on the previous quarter but 11.5% lower than Q1…
MORE companies went into insolvency in the first three months of 2016 at 3,694 than they did in the final quarter of 2015 but still some 3.6% below the same period in 2015, the latest figures from the Insolvency Service reveal. The 5.4% rise marked the first uptick since Q1 2014, primarily caused by a big…