Bus manufacturer Van Hool has been declared bankrupt. The information has been stated by the manufacturer itself this morning, 8th April, and the topic got high attention on local media, in particular from De Standaard. The company is set to be taken over by Dutch VDL and German Schmitz Cargobull, but together they would only…
NEW DELHI : In an attempt to revive bankrupt airline Go First, the National Company Law Tribunal (NCLT) on Monday approved another 60-day extension for its moratorium, aiming to give the airline additional time to finalize its corporate insolvency resolution process (CIRP). The extension will be effective 4 April to 3 June, and has been…
Bankrupt glamour model Katie Price is reportedly turning her sights north, with plans to offload her infamous Mucky Mansion. The 45-year-old found herself declared bankrupt for a second time last month due to an outstanding tax bill exceeding 750,000. This follows a previous bankruptcy declaration in 2019, when she faced debts amounting to 3.2 million.…
Princess Kate Middletons mother Carole Middleton is desperately trying to shield her from a devastating new blow to the family as she undergoes cancer treatment, Us Weekly can exclusively reveal. Carole, 69, and her husband, Michael Middleton, who are also parents to Pippa and James Middleton are facing serious debt that they are reportedly unable…
A candidate from The Apprentice is looking to take on the US with his new tech venture, despite facing two bankruptcies. Raj Dhonota, who was in the first season of Lord Sugar’s BBC show, found success in business despite being fired in the ninth week. Over the years he has built several successful tech businesses,…
The head of the Australian Financial Security Authority has shared sobering details behind rising insolvency numbers, which could hit 15,000 by next year. Picture: NCA NewsWire/ Nicholas Eagar The countrys bankruptcy regulator has warned of the rising number of personal insolvencies affecting vulnerable Australians, as small business owners struggle to make ends meet due to…
The Federal Court’s recent decision in Stone (Liquidator), in the matter of RIC Admin Pty Ltd (in liq) v Mandalinic (No 2) [2024] FCA 164 demonstrates the analysis the courts will undertake in determining a director’s personal liability for insolvent trading, even when the director does not appear for the hearing. The case reiterates how…
Alyssa Luc and her partner Xuan Tri Mai are among many Australians who wish they hadn’t rushed into building a home. It was the end of 2020 when the couple purchased a block of land in Catherine Field, a growth area suburb south-west of Sydney. Their block cost about $500,000, and they spent another $700,000…
Apr 4, 2024 9.11am Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Subscribe now Already a subscriber? A volatile cocktail of decade-high insolvency rates and booming investor appetite has driven short-seller Bronte Capital to begin betting against corporate debt, hoping to cash in if the companies…
Kate Middleton‘s parents Carole and Michael were reportedly unable to pay the 326,838-dollar fees owed to an insolvency firm after their business collapsed, it has been reported. The Princess of Wales’ parents’ company Party Pieces went into administration with debts of 3 million dollars owed to their creditors. Kate Middleton explains what really happened to…