Former glamour model Katie Price has been declared bankrupt for a second time over an unpaid tax bill of more than 750,000. Ms Price, who was previously declared bankrupt in 2019, owes 761,994.05 to HM Revenue and Customs (HMRC), a court was told on Monday. At a short hearing at London’s Rolls Building, Insolvency and…
International bus and coach manufacturing giant Van Hool is hoping for a rapid restart after reaching a binding offer with other brands to rescue it from bankruptcy. On April 8, Van Hool was declared bankrupt, with the major global manufacturer facing permanent closure. Now, a board of four curators, including coach and bus group VDL…
It provides an opportunity for a business to continue trading, while giving the company breathing space and address outstanding debt in a more orderly manner, he said. VAs can be an excellent business rescue solution. It takes the pressure off the directors and gives the business the best chance of survival. Additionally, Howell highlighted an…
By Maria Chiorando For Mailonline Published: 02:14 AEST, 16 April 2024 | Updated: 02:31 AEST, 16 April 2024 Karen Millen OBE has revealed that she misses the cleaner she used to have before going bankrupt. The designer, 62, who lives in Kent, made the comments in an interview wi… Read the full article at: https://www.dailymail.co.uk/femail/article-13310725/Karen-Millen-reveals-misses-cleaner-going-bankrupt.html
India’s National Company Law Appellate Tribunal (NCLAT) has suspended insolvency proceedings against Deccan Charters (Bengaluru International) until its next hearing on April 26, according to multiple local media reports. The tribunal directed the applicant, financial creditor Krone Finstock, to reply within four days to arguments presented by Deccan Charters in its appeal filed with the…
Indie British animation studio Factory Transmedia, which produced the animation for the first season of Nick Jr.s The Tiny Chef Show, is shutting down after being placed into a creditors voluntary liquidation. In the U.K., that means that the company is insolvent and no longer has the funds to pay its liabilities. The Altrincham, U.K.…
IIIPI Chairman Ashok Haldia said IIIPI has been proactively engaged in capacity building and policy advocacy on various aspects of the insolvency profession | file image 2 min read Last Updated : Apr 14 2024 | 7:15 AM IST Efforts are going on to develop a cross-border insolvency framework with a cautious approach and such…
Personal guarantees can lead small and medium businesses into bankruptcy, warns national insolvency and turnaround firm Jirsch Sutherland. Youre out of free articles for this month To continue reading the rest of this article, please log in. Create free account to get unlimited news articles and more! The firm said owners of small and medium…
Tough action taken against directors to tackle Covid loan misconduct A total of 831 company directors were banned in 2023-24 for Covid support scheme abuse, up more than 80% on the previous year The average length of director disqualification for Covid misconduct in 2023-24 was almost 10 years More than 800 company directors have been…
Deccan Charters had repaid some amount which was adjusted into the accrued interest | Photo: Wikipedia 2 min read Last Updated : Apr 12 2024 | 2:39 PM IST The National Company Law Appellate Tribunal (NCLAT) has stayed insolvency proceedings against Captain GR Gopinath’s Deccan Charters till April 26, 2024, its next date of hearing.…