PREMIUM By Bongani Qangule – 01 March 2021 I am on the verge of being declared insolvent. In the next few years I will receive pension payouts from my pension fund. I am concerned, though, that my pension will also fall into my insolvent estate and I will lose my pension. Will this happen?.. Please…
Convicted Shepparton financial planner Amanda Ritchie has been fined in the Shepparton Magistrates Court. Ritchie, who is currently serving a four-year jail term after pleading guilty to obtaining financial advantage by deception and a string of theft charges after ripping off clients for almost $500,000, faced court charged with failing to provide a statement of…
SMEs TO BENEFIT FROM CHANGES TO INSOLVENCY REGIME The new insolvency reforms introduced by the Australian Government for incorporated small businesses with liabilities of less than $1 million have far reaching benefits for the pandemic-ravaged economy and Aussie families, according to a leading tax accountant. The reforms, which include new debt-restructuring, offer some other major…
The Insolvency Service paid out 453.4 million in missing wages and benefits to workers at firms that went bust last year, according to new data. The payments made by the agency, which is part of the Department for Business, Energy and Industrial Strategy (BEIS), were at the highest levels in a decade although the various…
The dramatic developments cap almost three years of trouble for Greensill Capital, a startup lender aiming to disrupt a niche part of global finance. Greensill-linked financings played a role in the demise of a former star bond manager at GAM Holding AG in 2018. Last year, Germanys banking regulator BaFin pressured the financiers lender to…
Convicted Shepparton financial planner Amanda Ritchie has been fined in the Shepparton Magistrates Court. Ritchie, who is currently serving a four-year jail term after pleading guilty to obtaining financial advantage by deception and a string of theft charges after ripping off clients for almost $500,000, faced court charged with failing to provide a statement of…
VBS liquidators are going after KPMG SA to try and recover some of the funds lost in large-scale fraud that the firm’s auditors failed to report. Photo: Getty Images VBS liquidator Anoosh Rooplal isgoing after KPMG SA to try to recover some of the funds lost in large-scale fraud that the firm’s auditors failed to…
Is Your Business on the Verge of Bankruptcy? 5 Warning Signs Your Company is Approaching Insolvency Whether your business is growing exponentially month after month or generating stable profits, executives poor business choices and mismanagement of funds can quickly lead a thriving corporation into insolvency. When individuals or companies can no longer meet their financial…
Thursday, February 25, 2021 Following on frompart 1of our predictions for 2021 for the UK restructuring marketpart 2 looks at CVAs, directors duties and HMRC and insolvencies. We had hoped to cover off everything in 2 parts, but 2021 looks to be a busy year so we will publish the final part of this series…
Polish manufacturer of steel foundations for offshore wind farms, ST3 Offshore which declared bankruptcy in March 2020 has been put up for sale by the Official Receiver of the company in insolvency. A tender has been issued for the sale of ST3 Offshore with a reserve price of the company amounting to PLN 234,680,000 net…