We’ve all pushed the boat a little too far out and probably been guilty of the whole ‘treat yourself’ excuse every now and again. But one woman took her spending to a whole new level to the extent she declared bankruptcy aged just 24 years old after going on holiday as you ‘only live once’.…
Two experienced Labour politicians are part of the team appointed by ministers to help turn around the bankrupt Birmingham city council. John Hutton, a Labour peer and former defence secretary, and John Biggs, a former mayor of Tower Hamlets in London, will provide political advice to the councils leadership as they take the difficult decisions…
John Gerard Metcalfe, from Essex, was declared bankrupt in 2013 following legal action after he defrauded several individuals and at least one company as part of an investment scam he had run, which saw the victims lose over 2 million. Metcalfe was subsequently convicted of fraud offences in 2017 and the Crown Prosecution Service (CPS)…
To ensure faster resolution and greater efficiency during insolvency proceedings, the Insolvency and Bankruptcy Board of India (IBBI) has proposed changes in the process of appointing resolution professionals for personal guarantors to corporate debtors, while recognising the interconnectedness between the two. In a new discussion paper, the IBBI has also proposed sharing reports prepared by…
Young Aussie who declared bankruptcy at 24 after losing her job and racking up $75,000 in debt reveals why it’s the best move she ever made By Antoinette Milienos For Daily Mail Australia Published: 16:21 AEDT, 5 October 2023 | Updated: 16:44 AEDT, 5 October 2023 A 24-year-old … Read the full article at: https://www.dailymail.co.uk/news/article-12595701/Young-Aussie-declared-bankruptcy-losing-job-huge-debt-reveals-why.html
While mortgage arrears remain low, Australians are starting to fall behind on other debts as the cost-of-living crisis bites down on household budgets, according to digital credit and collections platform Credit Clear. Andrew Smith said there has been a steep change in the way not only companies but people and consumers in general reacted to…
BENGALURU, Oct 4 (Reuters) – India has amended its insolvency rules to exclude leased aircraft from a moratorium that kicks in when an airline goes into bankruptcy, according to a government notification released on Tuesday, a move that could resolve discrepancies between global leasing rules and its bankruptcy laws. Some provisions of the Indian Bankruptcy…
Chantelle is yet to turn 25 and shes already declared bankruptcy. The Gen Zer, who works full-time for an energy company and earns $60,000 a year, was forced to declare bankruptcy after finding herself $75,000 in debt and unemployed. Chantelles very open about her debts and recently went viral on TikTok and amassed more than…
Celsius Network, a crypto lender currently navigating bankruptcy proceedings, revealed its intention to begin reimbursing its customers before the years end. This disclosure was made during a hearing on October 2, where the approval of Celsius Networks reorganization plan was being discussed. Per a Bloomberg report, the crypto lending platform intends to pivot towards becoming…
New South Wales appears to be most severely affected, with 389 construction collapses, accounting for 59% of the total number. While the data does not encompass the entire September quarter, it serves as a worrying indicator that the weakness in the construction sector could surpass last year’s national insolvency figures, The Australian reported. In the…