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…
A Milan bankruptcy court on Thursday declared the former ILVA steelworks at Taranto in Puglia insolvent, the necessary premise for the installation of special commissioner Giancarlo Quaranta to run the plant, now called Accaierie d’Italia (AdI), ahead of possible new foreign partners joining after multinational ArcelorMittal’s term ended acrimoniously. The declaration of insolvency, at the…
Several of these factors contributed to the rising levels of formal insolvency appointments and distressed asset sales seen over the past year, which is likely to continue into 2024. In this article, we look back at, and think forward to, the trends and legal developments which businesses, insolvency professionals, accountants and investors need to be…
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