Oral argument has been ordered in a case where the Michigan Court of Appeals held that the one-year statute of limitations period in MCL 500.3145(1) does not apply to the Michigan Property & Casualty Guaranty Association, or MPCGA, when it is pursuing benefits under the no-fault act. In Childers v. Progressive Marathon Insurance Company (MiLW…
In short: Convicted paedophile John Wayne Millwood has given evidence in the Federal Court about why he transferred assets into relatives’ names and sold shares in his companies. What’s next: His victim received a multi-million dollar civil payout but is yet to receive any money and is pursuing the matter after Millwood declared himself bankrupt Convicted…
By Anna Scott Farrell June 5, 2023, 4:57 PM EDT The government should be allowed to collect more than $14 million in tax debt from an aircraft trader who claimed $12 million in fictitious deductions and then declared bankruptcy, the U.S…. To view the full article, register now. Read the full article at: https://www.law360.com/tax-authority/articles/1684765/bankrupt-aircraft-trader-can-t-shield-14m-in-tax-us-says
Maria Tupou was having dinner with her husband, Sio, in April when he delivered some bad news. Sio had just learned they could lose the $30,000 deposit they paid to construction firm Porter Davis to build their “forever home” in Wollert, a suburb in Melbourne’s outer north. They signed a contract with Porter Davis in…
Source: Straits TimesArticle Date: 03 Jun 2023Author: David Sun About $89.7 million was lost to scams in 2016, with the number ballooning to $660.7 million in 2022. Scams are here to stay, with scammers devising new tactics and technologies to prey on victims. Deputy Public Prosecutor Gordon Oh Chun Wei reveals how the Attorney-Generals Chambers…
SINGAPORE – Scams are here to stay, with scammers devising new tactics and technologies to prey on victims. Deputy Public Prosecutor Gordon Oh Chun Wei reveals how the Attorney-Generals Chambers has prosecuted some scam cases and brought the culprits to justice. Case 1: Renovation scam victims cheated of $1.8 million All they wanted was a…
New Delhi: Future Lifestyle Fashions Ltd has received a total claim of Rs 2,155.53 crore from 12 financial creditors in the corporate insolvency resolution process (CIRP) initiated against this Future group company recently. The resolution professional of the company has provisionally admitted claims of Rs 2,117.03 crore and claims worth Rs 38.5 crore are “under…
A Buy Buy Baby store in the Brooklyn borough of New York, US, on Monday, Feb. 6, 2023. Stephanie Keith | Bloomberg | Getty Images Bed Bath & Beyond is expected to be dissolved after the failed retailer declared bankruptcy, but the company’s crown jewel Buy Buy Baby may live to see another day. The…
Tarun KohliPublish Date: 02 Jun, 2023 The central government is getting ready to provide significant compensation to homebuyers who did not receive their properties’ ownership rights soon. In reality, the government is considering introducing a plan that would allow for the registration of completed residential complexes’ units whose builders have declared bankruptcy. The idea, as…
Puan Chan Cheong led Green Packet Bhd to its Main Market listing in 2005, and by 2007 it had attained a market capitalisation of US$1 billion, granting it the coveted unicorn status. (Facebook pic) PETALING JAYA: Puan Chan Cheong founder of Green Packet Bhd, Malaysias first unicorn has been declared a bankrupt by the Kuala…