Good morning, here’s what you need to know today. Key Highlights Najib closer to bankruptcyFormer prime minister Najib Abdul Razak failed to stay a court ruling for him to pay RM1.69 billion in taxes to the Inland Revenue Board (IRB).This clears the way for the IRB to move forward with the bankruptcy proceeding against him,…
Msinfosys Support Ltd and MS Global Support Ltd were wound up in the public interest in the High Court on 9 March before Judge Barton. The Official Receiver has been appointed liquidator of the companies. The court heard that the two IT companies generated unsolicited pop-up error messages and when people phoned-up to check what…
The conference will take place on 19 November 2021 and the purpose is to: provide a platform for current insolvency research and technical discussion facilitate a stronger link between academia, the insolvency sector and policy-makers encourage comment and feedback from interested parties The working title and theme of the conference are: Forward Thinking: Insolvency strategies…
A deceased estate is insolvent when the deceased persons liabilities exceed the value of their assets. This leads to creditors being owed money by the estate, which must be repaid as far as funds allow. A hierarchy of payment exists for deceased insolvent estates. The executor, or personal representative, is responsible for ensuring debts are…
HOT SPRINGS — The old Social Security Administration Office here needs to be preserved, U.S. Sen. John Boozman, R-Ark., said after a recent tour of the vacant building. The two-term Republican senator from Rogers was joined on the tour by Garland County Judge Darryl Mahoney, County Attorney John Howard and former County Judge Larry Williams,…
EVER wondered what goes on in the mind of a person who has been served a bankruptcy notice or even declared bankrupt? The likelihood of the mind being enveloped with fear, lack of information and misplaced pessimism of losing a family home, car, life savings and the inability to restart afresh is high. It can…
The Mumbai bench of the NCLT approved Piramal Group’s resolution plan for the beleaguered DHFL on June 7. TopicsDHFL|NCLT|debt resolution Subrata Panda | Mumbai Last Updated at June 14, 2021 01:08 IST The National Company Law Tribunal (NCLT), while approving the resolution plan of Piramal Group for Dewan Housing Finance Limited (DHFL) has named a…
Click here to get Khmer Times Breaking News direct into your Telegram KrisEnergys winding up petition will be addressed by Grand Court of the Cayman Islands on July 12 at 9 am according to an announcement released by the upstream oil and gas company on Friday. A winding up petition is a notice issued when…
LAWRENCE SMITH/Stuff Doug Robson, with the love of his life Cherie Wells. Robson has emerged from bankruptcy, but his experiences with the Official Assignee have left him angry and depressed. Extraordinary personal stories of bankruptcy are prompting calls for an overhaul of the Insolvency Act, and a plea for more compassion. Rob Stock reports. Doug…
A payroll services boss has been banned for orchestrating a multi-million pound tax avoidance scheme. Leicester-based Scott Rooney was appointed sole director of Magnetic Push Limited in February 2017. The company provided payroll services, trading from an office in Liverpool, and was previously known as The Knowledgeshares Limited and My PSU Subcontractors Limited. Magnetic Push…