In an update published yesterday (4 Jan), the lifeboat fund said that its investigations into Rowanmoor are continuing. “As well as the information from former customers of the firm, weare also gathering data and information from RPPL’s insolvency practitioners about the firm’s business. We are using this to consider the allegations made by former customers…
posted by Jason Kilborn The list of countries with new personal insolvency laws continues to grow. Bloomberg noted today that the President of Kazakhstan had signed a new law setting out several procedures for relieving the debts of non-entrepreneur individuals (sole proprietors remain relegated to the existing law on rehabilitation and bankruptcy). The text of…
The Financial Services Compensation Scheme has said information its received regarding the collapsed self-invested personal pension arm of Rowanmoor has been helpful and that its investigations into the firm are continuing. In an update published yesterday (January 5), the FSCS said: The information we have received is helpful and our investigations into RPPL (Rowanmoor Personal…
Bits and pieces of the Yukon’s defunct Wolverine Mine are now up for grabs, as the company that owns the assets prepares for a quick sale. Welichem Equipment, a B.C. biotech company, owns most of the mine’s assets, including a zinc mill, 10-megawatt diesel plant and a turnkey mine camp for 250 workers. Welichem rented…
The saga of the H2Trac continues, with the company once again rising from the ashes with a new set of investors led by the founder of the software company Quantillion. Hilbrand Kuiken is the businessman behind Quantillion, a Dutch company that specialises in the automation of warehouse picking systems and other industrial operations. Past struggles…
Codema’s bankruptcy will be wound up as if only one company were insolvent. The trustee has been given permission to do so, according to a new bankruptcy report. There are actually several company branches, but they are strongly acquired. Since the publication of the second bankruptcy report, a total of 358 unsecured creditors have come…
The sensor and data company 30MHz in Amsterdam, the Netherlands, was declared bankrupt on January 2. There are 22 people on the payroll at the company, which was established in 2014, the appointed curator Angelina Bakker informs. On Tuesday, January 3, she had a meeting with the company’s management and was optimistic about a restart,…
Two-time champion Boris Becker will again work for German Eurosport during the Australian Open, just weeks after leaving prison. Network owner Warner Bros Discovery confirmed on Tuesday the 55-year-old would commentate the top match of the day at the first tennis grand slam of the season and analyse other fixtures. He will not travel to…
The 30-year-old FTX founder, formerly worth an estimated $26bn, could face a sentence of up to 115 years in US prison. In the United States, the former cryptocurrency magnate Sam Bankman-Fried has pleaded not guilty to charges of fraud, denying allegations that he cheated investors out of billions of dollars. On Tuesday, lawyers for the…
KATIE Price has brushed off her upcoming bankruptcy hearing date with a brand new hair extension line. The reality star and business mogul has teamed up with Unique Hair extensions and revealed her new business venture, showing off the first of what she promises to be many new looks. 4 Katie Price has launched a…