Page 1944 – Insolvency Advisory Accountants

Wimbledon legend Boris Becker is no longer bankrupt after seven years: High Court judge says tennis star has d – Daily Mail

BankruptcyBy Insolvency Advisory Accountants May 1, 2024

By Megan Howe Published: 00:05 AEST, 2 May 2024 | Updated: 00:52 AEST, 2 May 2024 Three-time Wimbledon champion Boris Becker is no longer bankrupt after seven years, as a High Court judge said he had done ‘all that he could reasonably do’ to meet his financial obligations. The… Read the full article at: https://www.dailymail.co.uk/news/article-13370937/Wimbledon-legend-Boris-Becker-no-longer-bankrupt-High-Court.html

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Tennis legend Boris Becker discharged from bankruptcy court in England – ABC News

BankruptcyBy Insolvency Advisory Accountants May 1, 2024

LONDON — German tennis legend Boris Becker was discharged from bankruptcy court in London after a judge found Wednesday he had done all that he reasonably could do to repay creditors tens of millions of pounds. Becker fell far short of repaying his creditors nearly 50 million pounds ($62.5 million) he owed, but Chief Insolvency…

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Dutch city pilots radical debt cancellation scheme for poor families – The Guardian

Debt HelpBy Insolvency Advisory Accountants May 1, 2024

The Dutch city of Arnhem is going to cancel the debts of some of the poorest families in the Netherlands in an attempt to break a health-crushing downward spiral and give people a fresh start. Earlier this month, municipal officials began knocking on doors in the Immerloo II district, one of the poorest neighbourhoods in…

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Everton call in insolvency advisers amid fresh doubt over 777 takeover – The Guardian

BankruptcyBy Insolvency Advisory Accountants April 30, 2024

Everton are calling in a leading firm of restructuring and insolvency advisers, the Guardian understands, raising further questions about the proposed takeover of the Premier League club by 777 Partners. The move comes as the club are believed to still be waiting for a further 15m of loans that 777 had pledged to provide Everton…

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Former ACCC boss outlines potential Bonza reboot plan – Sky News Australia

LiquidationBy Insolvency Advisory Accountants April 30, 2024

Airlines for Australia and New Zealand Chair Graeme Samuel has outlined a potential process for Bonza to re-enter the market after it entered voluntary administration. On Tuesday, Bonza submitted paperwork to the Australian Securities & Investments Commission (ASIC) to appoint administrators to salvage the wreckage of its struggling business. Speaking to Business Now host Ross…

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Court declares Jomayi Properties insolvent – Independent

BankruptcyBy Insolvency Advisory Accountants April 30, 2024

Kampala, Uganda | THE INDEPENDENT | Jomayi Property Consultants Ltd, once Ugandas most prominent real estate company, has been sent into liquidation after being declared insolvent. The order to wind up comes after NC Bank failed to recover sh868,250,000 from Jomayi and petitioned the court to declare the company insolvent and unable to pay its…

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Sports centre shuts as company enters liquidation – Yahoo New Zealand News

LiquidationBy Insolvency Advisory Accountants April 30, 2024

A village sports centre has had to shut after its management company announced it would be going into liquidation. Melbourn Sports Centre, on the grounds of Melbourn Village College, in Cambridgeshire, first opened in 1991. Staff announced the closure with “shock and sadness”, in a statement on the centre’s website. Melbourn Village College – a…

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Bonza enters voluntary administration Australian Aviation – Australian Aviation

LiquidationBy Insolvency Advisory Accountants April 30, 2024

Bonza has entered voluntary administration hours after suspending its flights earlier today. An internal note sent by airline CEO Tim Jordan, obtained by the AFR, confirmed that its fleet was repossessed by its aircraft lessor at 3am, as widely speculated. However, the message added the news came as a surprise to both Bonza and owners…

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Bonza plunges into voluntary administration after passengers left stranded and planes towed – Yahoo Finance Australia

LiquidationBy Insolvency Advisory Accountants April 30, 2024

Low-cost airline Bonza has entered voluntary administration after passengers were met with signs saying their flights had been abruptly cancelled on Tuesday. People were left stranded as planes were repossessed, with vision showing them being towed from the tarmac. CEO Tim Jordan apologised as he advised all services were “temporarily suspended” while he determined the…

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India Seeks Public Feedback to 7 Regulations Under IBC – India Briefing

LiquidationBy Insolvency Advisory Accountants April 30, 2024

Indias Ministry of Corporate Affairs has issued a circular inviting public comment on seven regulations associated with the Insolvency and Bankruptcy Code (IBC). Public feedback will be sought for a period of 30 days starting April 18, 2024. Indias corporate affairs ministry (MCA) has proposed regulatory changes on various aspects of the Insolvency and Bankruptcy…

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