30.11.2022 News has reached us of insolvency issues at both the Scottish and the Irish divisions of crane and wind turbine specialist Windhoist. We have reached out to the senior managers of Windhoist and the Windlogix group which includes Windhoist, Hexis Training and inspection company Stowen, but so far have received no response. We understand…
DetailsGambling debt leads to jail time A bank manager in England stole 20,000 ($24,500) from a pensioners account to pay off his gambling debt. sent the statement to an address separate from the one she had on file Michael Roberts, 39, only came into the spotlight after the victim asked the bank why she had…
DetailsImage Credit card debt can be stressful. Interest rates can be high, and if you miss or cant make your full payments, that growing balance can be overwhelming. Enter a group of companies that promised to reduce or eliminate your credit card debt. (For a fee.) But did they? The FTCs lawsuit against ACRO Services…
DetailsNov 30 (Reuters) – Capital A Berhad (CAPI.KL), the parent of Malaysian budget airline AirAsia, reported a narrower third-quarter operating loss on Wednesday, buoyed by a strong rebound in travel demand and the easing of pandemic-related restrictions in Southeast Asia. It also forecast a positive outlook for the upcoming years on strong sales momentum and…
DetailsJust days after Watchmaster was caught up in a massive security box heist and robbed of watches worth in the region of 10 million, the business has declared itself insolvent. A letter sent to customers by the company, and seen by WATCHPRO, says its has appointed an insolvency administrator, Philipp Hacklander, who will take on…
DetailsCroydon Council has declared bankruptcy for the third time in two years. Photo by Dan Kitwood/Getty Images. Last week, for the third time in two years, the Conservative-led Croydon council in south London declared bankruptcy. And this week another Conservative-led council, Thurrock in Essex, is in the news after admitting that ill-thought through investments have…
DetailsThe Income Tax Appellate Tribunal has quashed the Rs 5,872-crore tax demand on Grasim Industries Ltd. over the restructuring of its businesses.The income tax authorities have erred in classifying the demerger of financial services business to Aditya Birla Capital Ltd. as a mere transfer of assets and liabilities, the ITAT said in its order.In 2017,…
DetailsGetty | Drew Angerer / Staff The Biden student debt-relief plan remains stuck in legal limbo, but some borrowers have a saving grace: their employer. Companies have stepped up in recent years to help student loan borrowers throw off the yoke of debt. They are doing this in several ways, including offering direct assistance or…
DetailsBeijing Borgward, once billed as a rival to BMW, Mercedes-Benz and Audi, officially declared bankruptcy on November 29. The announcement explained that it was drained to pay off its outstanding debts but its current assets are not enough to settle the outstanding balances. Founded in 1919, Borgward was once Germanys third largest car manufacturer. Back…
DetailsEffective Ventures Foundation files the report to the Charity Commission following the collapse of the US firm FTX A UK charity has filed a serious incident report with the Charity Commission after one of its backers went bankrupt last month. The Charity Commission told CNBC that Effective Ventures Foundation filed the report related to the…
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