Photo: Depositphotos.com In total, 2,703 companies were declared bankrupt in the Netherlands last year, the lowest figure in 20 years, national statistics agency CBS said on Tuesday. The total is down 16% on 2019, due to the impact of government support measures for companies hit by the coronavirus crisis, the CBS said. Economists and other…
DetailsA SOUTHERN Downs man has claimed it was pure desperation that drove him to file a false insurance claim worth almost $30,000 as a means of covering his gambling debts. Stan John Slabosz abandoned his family caravan on an isolated piece of land outside Warwick on August 5, then returned home and reported it as…
DetailsIncreasing the financial eligibility criteria will give more people access to debt relief orders and help them get out of problem debt Research shows that more people are seeking debt advice and are likely to require financial relief Proposals have been outlined by the government to increase the financial eligibility criteria for debt relief orders…
DetailsIndia has recently extended the suspension of insolvency proceedings by another three months until March 25, as corporates are struggling to cope with the pandemic. While the measure is bound to lighten their burden, policymakers will need to plan to prevent the resolution process’s snarl-up. On March 24, 2020, the minimum threshold for default under…
DetailsXinja surprised shareholders and customers when it announced in mid-December it would close all bank accounts and terminate its banking license. The neobank had promised to shake-up the banking industry and blamed COVID-19 and a tough capital raising environment for the decision. However, The Age and Herald revealed the bank had pinned all hopes on…
DetailsMichael Martin (44), from Erith in Kent, has been banned from acting as a director or directly or indirectly becoming involved, without the permission of the court, in the promotion, formation or management of a company after he failed to provide records to account for 1.14m in payments. ADM Skips was incorporated in June 2017…
DetailsGJES London Ltd, an electrical contracting company, was incorporated in October 2011 and Grzegorz Jarnot became the sole director on the same day. The company traded for over seven years before going into creditors voluntary liquidation in April 2019 as it was unable to pay its debts. A subsequent investigation by the Insolvency Service found…
DetailsContents1 Read More2 Related Articles3 Read More4 Related Articles A private hire taxi driver who was caught with almost 300,000 of cocaine hidden in his car was yesterday jailed for three years. Gordon Mitchell, 37, was snared near Gorbals Leisure Centre in Glasgow on December 2, 2019. Police had spotted him doing three-point turns in…
DetailsGetty Images According toDaniel Kaplan of The Athletic, San Jose Sharks forward Evander Kane has filed for bankruptcy, totaling $26.8 million of debt. He reportedly filed for Chapter 7 bankruptcy in California. The filing includes $10.2 million in assets, including three homes. Kaplan noted that Kane’s monthly income is minus-$91,131.13 and the 29-year-old lost $1.5…
DetailsNearly two-thirds of Americans have already received the government’s second round of stimulus checks as part of the latest $900 billion Covid relief bill. The payments up to $600 per individual or $1,200 per married couple and an additional $600 per child under 17 help cash-strapped Americans get by during these uncertain times. But the…
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