Read this article in: Amsterdam-based The Next Closet, a peer-to-peer marketplace for secondhand designer clothes and accessories has been declared bankrupt by the Amsterdam court. It is still being determined why bankruptcy was filed by the company. The resale market in the fashion industry is currently very competitive, so profit margins have become very thin.…
DetailsIppei Mizuhara stands accused of covering his gambling debts by stealing millions of dollars from Shohei Ohtanis bank account. Ippei Mizuhara, the former translator for Shohei Ohtani who was fired late last month amid allegations he stole millions of dollars from the baseball stars bank account to cover debts that Mizuhara owed to an illegal…
DetailsThe Australian rugby community was left stunned in January, when the Melbourne Rebels entered voluntary administration, weeks before the start of the Super Rugby Season. The Rebels had been in trouble for some time, but things seemingly came to a head in January 2024, when the team’s ever-increasing debt became untenable. Despite fielding an impressive…
DetailsShohei Ohtani had no idea his translator was gambling millions of dollars, and the feds have concluded not only was the Dodger star NOT involved in the scheme, he was a victim of fraud … law enforcement sources with direct knowledge tell TMZ Sports. The feds have been investigating Ippei Mizuhara, Ohtani’s longtime translator, close…
DetailsIndia’s specialist bankruptcy court, the National Company Law Tribunal (NCLT), has granted the administrator of Go First (GOW, Mumbai International) another 60 days to complete the carrier’s corporate insolvency resolution process. The court granted the extension, which now runs until June 3, during an April 8 hearing. Go First’s administrator, known locally as a resolution…
DetailsIf youre feeling overwhelmed about being in debt, youre not alone. Many people who have debt report feeling stressed about their financial situation and their payments. On top of that, others report feeling unfairly judged for being in debt, even when debt can be a good thing or happen to financially responsible individuals. As a…
DetailsNEW DELHI: A series of steps taken by the National Company Law Tribunal (NCLT), along with govt and the Insolvency and Bankruptcy Board of India (IBBI) has resulted in a record number of cases being decided during the last financial year.Latest data showed that 269 resolution plans were approved during 2023-24, as against 189 during…
DetailsThe “Saving on a Valuable Education,” or SAVE plan, announced in August 2023, is not just for civilians. Service members, family members and civil servants alike can also benefit from the program to help reduce or even eliminate student loan debt. The SAVE plan, managed by the Department of Education, is an income-driven repayment plan…
DetailsFormer Manchester United star Wes Brown has broken his silence after being declared bankrupt last year. The 44-year-old, who made more than 300 Premier League appearances during a career which spanned over two decades, lost millions after hanging up his boots. HMRC filed a bankruptcy petition against Brown last February and the petition was rubber-stamped…
DetailsFormer Manchester United star Wes Brown has broken his silence after being declared bankrupt last year. The 44-year-old, who made more than 300 Premier League appearances during a career which spanned over two decades, lost millions after hanging up his boots. HMRC filed a bankruptcy petition against Brown last February and the petition was rubber-stamped…
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