If there is one word everyone is afraid of, its bankruptcy. But is it as bad as we think it is? We ask an expert to debunk the myths. With more than 16,000 people declaring bankruptcy in Australia every year, it is possibly a lot more common than you would think. However, considering how easy…
Tax provisions, legal jurisdiction worry those interested in acquiring sick firms Mumbai, November 19: Corporate houses vying for stressed assets under the NCLT-led process have expressed deep concern over grey areas in the new Insolvency and Bankruptcy Code, even as the deadline nears for the submission of expressions of interest (EoIs). While banks are gearing…
More than five years have passed since the former pharmacy czar and horse racing identity, Rohan Aujard, filed for bankruptcy. But his financial penury is not about to end any time soon. Horse racing played a big part in Nathan Tinkler’s downfall, but not for Rohan Aujard. Photo: Jenny Evans For those whose memories have dulled with time, Aujard probably attracted more press…
More than five years have passed since the former pharmacy czar and horse racing identity, Rohan Aujard, filed for bankruptcy. But his financial penury is not about to end any time soon. Horse racing played a big part in Nathan Tinkler’s downfall, but not for Rohan Aujard. Photo: Jenny Evans For those whose memories have dulled with time, Aujard probably attracted more press…
FORTUNE is firmly on the up for Kerry Katona who took to Instagram to flog pricey £3,000 beds just months after she joked about being bankrupt. The Atomic Kitten singer has put her creative talents to good use to design a range of the plush circular home furnishings for retailer Monrose Interiors. Her latest collection…
Ireland has one of the most powerful personal insolvency systems in the world, which is good news for people shouldering mounting debts. Although debts come in all shapes and sizes, the biggest problem in Ireland is mortgage arrears. According to the Insolvency Service of Ireland (ISI), while the overall number of mortgage accounts in arrears…
Ireland has one of the most powerful personal insolvency systems in the world, which is good news for people shouldering mounting debts. Although debts come in all shapes and sizes, the biggest problem in Ireland is mortgage arrears. According to the Insolvency Service of Ireland (ISI), while the overall number of mortgage accounts in arrears…
Actor and singer David Cassidy is “conscious and surrounded by family”, his spokeswoman says after being admitted to hospital for organ failure. The Partridge Family star, 67, was rushed to a Florida hospital three days ago and requires a liver transplant following a tumultuous few years for the former teenage heartthrob. He is also said…
Until the 45th Parliament, much of the nation’s understanding of the constitution seemed to flow from The Castle. An unprecedented number of politicians have either been booted from Parliament or had to fend off questions about their eligibility. So far, 11 sitting or prospective politicians have fallen foul of section 44 of the…
NEW DELHI: Less than a year after it kicked in, the government on Thursday appointed a committee headed by corporate affairs secretary I Srinivas to review the Insolvency & Bankruptcy Code (IBC) to address concerns and remove glitches. The 14-member committee which includes Insolvency & Bankruptcy Board of India (IBBI) chairman MS Sahoo, representatives from…