China is Denmarks fourth largest trading partner, so the recent slowdown in the Chinese economy will hit Danish growth, according to calculations from Danmarks Nationalbank. There are signs that the crisis in the housing market in China is spreading to parts of Chinas financial sector. It gives many investors nervous twitches, Kim Fster, chief analyst…
The Australian Government has today released proposed reforms to the Bankruptcy Act 1966 (Bankruptcy Act) for consultation. This paper is a direct result of feedback received through a national roundtable on personal insolvency which I chaired in March this year involving 24 organisations with an interest in personal insolvency – including credit, finance, accounting, legal…
The Australian Government has today released proposed reforms to the Bankruptcy Act 1966 (Bankruptcy Act) for consultation. This paper is a direct result of feedback received through a national roundtable on personal insolvency which I chaired in March this year involving 24 organisations with an interest in personal insolvency including credit, finance, accounting, legal sectors…
ASIC has disqualified Stefano De Blasi of Stafford Heights, Queensland, from managing corporations for four years, after his involvement in three failed companies. Mr De Blasi was a director of three companies between 2014 and 2020: Casa Gusto Pty Ltd (ACN 141 576 703) (de-registered) (Casa), SMC Drummoyne Pty Ltd (ACN 600 533 140) (SMC),…
CHARLESTON, W.Va. (AP) A small, private university in West Virginia declared bankruptcy on Thursday, a month after announcing that it planned to stop operating. Alderson Broaddus University filed for Chapter 7 bankruptcy in U.S. Bankruptcy Court for the states northern district. According to the filing, the university estimated it had between $1 million and $10…
Tradies and homeowners have been left reeling from the news that a Sydney building company has gone bust. Last Thursday, on August 24, Simone Homes Pty Ltd went into voluntary liquidation. The family-run business was headquartered in Leppington in Sydneys southwest and its liquidator is now Bradley John Tonks of insolvency firm PKF. According to…
TAICHUNG, Taiwan (BRAIN) Bike manufacturer Ideal Bike Corp. says its representative will make claims worth $1.52 million at a creditors meeting being held Monday by VanMoof Asia Ltd., a Taiwan-based business related to the Netherlands-based e-bike brand. VanMoof’s Netherlands businesses, Vanmoof B.v. and VANMOOF Global Support B.V. , were declared bankrupt in July. On Thursday, the British-owned mobility…
NCLT Admits Rasna To Insolvency On A Rs 71 Lakh Claim By Logistics Firm Business NewsNCLT Admits Rasna To Insolvency On A Rs 71 Lakh Claim By Logistics Firm ADVERTISEMENT 01 Sep 2023, 9:15 PM IST 01 Sep 2023, 9:05 PM IST 01 Sep 2023, 9:15 PM IST WhatsApp X (was Twitter) Facebook Telegram Read…
Kerry Katona has opened up about being declared bankrupt for the first time, admitting she had no idea what it was. The former Atomic Kitten songstress was first declared bankrupt at the High Court in London on August 21, 2008, after she failed to pay 82,000 of a 417,000 tax bill. In 2013, she filed…
First compensation order secured in court to repay taxpayer-backed Bounce Back Loan fraudulently secured during the pandemic. Marian Ghimpu, 58, from Croydon, has been disqualified as a director for 13 years, and ordered to repay over 50,000 to the public purse. The compensation order, the first secured by the Insolvency Service in court, is the…