A Dutch court has declared the Belgian branch of British cosmetics chain The Body Shop bankrupt. The Body Shop earlier went into liquidation in the UK, the company’s home country. A consultancy firm was appointed to deal with the bankruptcy and restructure UK operations, with a view to a relaunch. The Body Shop Belgium has…
Normal text sizeLarger text sizeVery large text size Look, if youve been plotting an investment strategy using tips from Instagram influencers, youre probably beyond our help. But we have to try its our job and the latest instalment in the sorry tale of Tyson Scholz, the online stock trading educator with a taste for Ferrari,…
Look, if youve been plotting an investment strategy using tips from Instagram influencers, youre probably beyond our help. But we have to try its our job and the latest instalment in the sorry tale of Tyson Scholz, the online stock trading educator with a taste for Ferrari, Bugatti and Rolls-Royce cars, high-end champagne, private jets…
Social media finfluencer Tyson Scholz, widely known as the ASX Wolf, has been declared bankrupt after failing to pay almost $500,000 in costs incurred last year following court action instigated by the corporate watchdog. Scholz was ordered to pay the costs by the Federal Court of Australia after it found that he offered financial advice…
This article was co-authored by Victoria Hoon Why bother administering assetless companies? To a creditor, it may seem futile to administer assetless/ low-asset companies as any prospects of recovery are likely to be minimal. However, there are strong public interest considerations in ensuring that there are mechanisms to discourage poor corporate behaviour, deter illegal conduct…
A Mexican court has officially declared ABC Aerolneas, known as Interjet, bankrupt, marking the end of a tumultuous period for the airline which ceased operations over two years ago. The decision by Judge Sal Martnez mandates the liquidation of the airline’s assets under the supervision of trustee Gerardo Sierra Arrazola, excluding legally protected assets, to…
By Greg Heffer, Political Correspondent For Mailonline Published: 03:29 AEDT, 29 February 2024 | Updated: 03:30 AEDT, 29 February 2024 Six local councils have gone bust since 2021 with many more warning they could also soon face financial disaster. Local authorities in Nottingha… Read the full article at: https://www.dailymail.co.uk/news/article-13136773/What-does-happen-councils-bankrupt-Heres-six-local-authorities-gone-bust-2021-precipice-disaster-amid-warnings-4bn-funding-gap-facing-town-halls.html
Indiabulls revives personal insolvency plea against Subhash Chandra Indiabulls Housing Finance (IBHF) revived the personal insolvency plea against Zee Entertainment Enterprises Limited (ZEEL) chairman emeritus Subhash Chandra over guarantees given to a company called Vivek Infracon. IBHF’s lawyer Sumesh Dhawan argued the case for over an hour at the National Company Law Tribunal (NCLT) on…
Insolvency figures for January have confirmed there was no post-Christmas boost for businesses in the South and Thames Valley. R3, the trade body for restructuring and insolvency professionals, noted that although the new statistics for England and Wales showed a dip when compared with December, insolvencies are up from January last year and against pre-pandemic…
A building company has collapsed after a long, drawn-out death, placing the fate of at least a dozen projects into jeopardy. On Wednesday, the Victorian Supreme Court ordered Apex Homes Australia Pty Ltd to go into liquidation. Judicial Registrar Gitsham forced the Melbourne-based construction company to liquidate on the grounds of insolvency and she said…