Heres two contradictory datasets: one from the Citizens Advice Bureau, reporting that 600,000 more people are falling into ruinous debt, unable to pay their energy bills; the other from the UK Insolvency Service revealing that individual bankruptcies and debt relief orders have fallen over the last year, and dramatically so. Yet both paint an accurate…
DetailsMon Purse co-founder Lana Hopkins. Luxury leather goods retailer Mon Purse has entered liquidation and reportedly ceased trading, amid complaints from customers saying they have been waiting for weeks to receive their orders. Liquidators from Wexted Advisors are seeking urgent expressions of interest for the business and its assets, according to the Sydney Morning Herald,…
Details123RF Auckland property developer Andrew Montgomerie has been made bankrupt after failing to pay his brother back A man has bankrupted his brother after he failed to repay a $1.2million loan. James Montgomerie, a Florida-based businessman, in 2011 loaned the sum to his brother, Andrew Montgomerie, an Auckland property developer. Andrew had run into financial…
DetailsPhoto byAnna Shvets Sydneys Star Casino has dismissed and banned two employees because of their misconduct. Gambling News reports that the Star dismissed the employees, who were responsible for overseeing gaming activities. The casino contacted the states Liquor and Gaming Authority, who decided to ban the casino special employees, who breached their responsibilities, for a…
DetailsAs we approach the end of the 2020 and enter the final week of eNewsletters,Ragtraderis reflecting on the biggest digital stories of the year. Each day this week we will count down the top 10 stories from the website this year. Kicking off our list is Number 10 –Colette in shock administration as another icon…
DetailsLee Davis (55), of Blyth, Northumberland, appeared at Newcastle Crown Court on Friday (11 December) before Judge Prince where he was sentenced to six months imprisonment suspended for 12 months. The court heard that Lee Davis was declared bankrupt in April 2016 following a petition by the tax authorities having failed to pay taxes he…
Detailsarticle There are ways to consolidate your debt no matter what your credit score may be. (iStock) Debt consolidation loansare one way that consumers with multiple debts can start to pay off their balances. With these loans, all debts are rolled into one account, allowing borrowers to make just a single monthly payment until the…
DetailsMore than 60 per cent of corporate insolvency resolution processes that achieved closure in July-September 2020 have ended up in liquidation. The data by the Insolvency and Bankruptcy Board of India (IBBI) shows 68 cases ended up in liquidation of the total 112 closed cases during the period. While a number of cases faced liquidations…
DetailsPhoto by Markus Winkler Originally Posted On: Bankruptcy FOLSOM LAWYERS (weebly.com) Benefits of Hiring a Bankruptcy Lawyer Bankruptcy is a legal process initiated by a person or business that cannot settle their debts and wants to have the debts cleared or restructured by the courts. An entity is declared bankrupt when it becomes insolvent. Reorganization…
DetailsContents1 Ukraine1.1 Cases: 909,0821.2 Deaths: 15,4801.3 Recovered: 522,8682 Worldwide2.1 Cases: 73,292,4552.2 Deaths: 1,630,5812.3 Recovered: 51,435,881 Ukraine Cases: 909,082 Deaths: 15,480 Recovered: 522,868 Worldwide Cases: 73,292,455 Deaths: 1,630,581 Recovered: 51,435,881 You’re reading: Misto Bank declared insolvent, state estimates recovery of 60% of deposits X Dear reader,This is a friendly reminder that you should switch off your…
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