Even if you are a multi-billionaire, you are at a risk going bankrupt and losing it all. Today, we are looking at billionaires who built a fortune but, a series of bad decisions and other factors landed them in a pool of debt that they failed to repay. 1. Pramod Mittal, brother of Lakshmi Mittal,…
DetailsNicola Bentley (39), from Oxted, Surrey, was the sole director of Stephensons (National Window Cleaning) Ltd and has now been disqualified from being a company director for 7 years. Her ban is effective from 31 December 2020. The company was incorporated in January 2017 and provided window cleaning services, predominantly for bookmakers. The window cleaners…
DetailsU.S. corporate bankruptcies reached their worst levels in 10 years in 2020 as the coronavirus pandemic upended global industries and struggling companies faced their breaking points. A total of 630 companies declared bankruptcy in 2020, according to an analysis by S&P Global Market Intelligence. This surpassed the number of filings in every year since 2010.…
DetailsSAN JOSE, Calif., Jan. 5, 2021 /PRNewswire/ –So, you spent more money during the holidays than you planned. And not only did you overspend, you used credit cards or personal loans to finance the purchases. What follows is tips on what you can do to help pay down extra holiday debt this year, from myFICO.…
DetailsRALEIGH (WTVD) — The COVID-19 pandemic continues to cause financial heartaches into the new year. If your hope is to improve your finances and increase your savings, the Better Business Bureau has some tips to help you get out of debt. The new year is always a good time to evaluate your finances. One of…
DetailsMember Article The latest annual personal insolvency statistics for 2019, recently released by the Insolvency Service, show that even before the financial effects of COVID-19 hit peoples incomes, Yorkshire and the Humber once again saw above-average rates, and Scarborough recorded the highest level of personal insolvencies of any local authority across England and Wales. Insolvency…
DetailsWhen Duan Jun, a father from the city of Dongguan in southern China’s Guangdong Province, paid full-year tuition for his child in advance, he never thought that the online education institution would go bankrupt. Xuebajun, a video-tutoring platform that follows a one-on-one format, was recently reported to be in dire financial situation and was on…
DetailsRALEIGH (WTVD) — The COVID-19 pandemic continues to cause financial heartaches into the new year. If your hope is to improve your finances and increase your savings, the Better Business Bureau has some tips to help you get out of debt. The new year is always a good time to evaluate your finances. One of…
DetailsPublished 5 January 2021 Fees for personal insolvency applications will continue to be waived until at least the end of 2023, Justice Minister Helen McEntee has announced. The waiver of all fees payable to the Insolvency Service of Ireland and to the courts was first introduced in 2014 and previously extended in 2017. It will…
DetailsHuseyin Gozel (41), from Norwich, was appointed director of Mardin & Maras Limited in June 2014. The company had been incorporated two years earlier in May 2012 and traded as Caesars Pizza & Kebab on Dereham Road. In September 2019, however, Mardin & Maras entered liquidation as it could not pay its debts and Huseyin…
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