A MAN took his own life after accruing more than 10,000 of debt through online gambling sites. Software engineer Raghotham Gajula also owed upwards of 32,000 through loans and credit cards, Winchester Coroners’ Court heard. The 36-year-old died after being hit by a Bournemouth-bound train passing through Shawford Train Station at just after 9pm on…
DetailsAddict kids are being treated at the first NHS child gambling clinic after losing up to 100,000. These shocking debts are just the tip of the iceberg as the Sunday People today exposes the crisis of teens across the UK who are hooked on internet football betting and web casinos. At least 55,000 aged between…
DetailsBanks have asked specialist debt collectors to help lead the recovery of tens of billions of pounds of government-backed small business loans, as they prepare for an expected wave of defaults and fraud cases. UK Finance, the trade group, is leading discussions to create a centralised utility that will deal with defaults on government-backed bounce…
DetailsBusiness Standard Insolvency law experts say that invoking personal guarantees goes against the spirit of the IBC TopicsInsolvency and Bankruptcy Code|IBC As lenders scramble to invoke promoter guarantees against corporate debtors with little success, government officials say a corporate insolvency resolution process is not over till the insolvency of the personal guarantor is also resolved.…
DetailsONE of a string of failed companies which ran a group of cafes and restaurants is likely to be dissolved with no money for the creditors owed an estimated 665,000. Candy Experience Limited operated the Alcatraz cafe bars in Bournemouth, Poole and Camberley, as well as three New Forest pubs. Its director, Paul Podvoiskis, was…
DetailsAre you looking to refresh your Netflix queue this weekend but cant find anything interesting to watch? There is always the gambling theme to turn to for exciting thrillers. It is rare to find a dull movie about gambling. The characters risk-it-all attitude, the deceptions, tension at the table, and turn around the underdogs luck…
DetailsKatie Price ‘to attend bankruptcy hearing over Zoom from her luxurious 1,400-a-night resort in the Maldives’ The former glamour model will attend a bankruptcy hearing over Zoom while she is staying with her beau Carl Woods at 1,400-a-night resortYou & Me Maldives The TV personality, 42, returns to court on Tuesday after someone ‘anonymously tipped…
Details
Contents1 Indicators of insolvency2 Where did these indicators of insolvency come from?3 Is my company insolvent, or am I just going through a temporary rough patch?4 One or two indicators5 Two or more indicators6 Why are the indicators of insolvency so important?7 Civil penalties8 Compensation9 Criminal charges10 Taking action after identifying indicators of insolvency Since…
DetailsLike many Chinese children, Paul grew up watching his family play cards and mahjong at social gatherings. Key points: This week is Gambling Harm Awareness Week in Victoria The state announced a new gambling harm prevention and counselling service for migrant and refugee communities Experts say migrants are at higher risk of gambling problems because…
DetailsOctober 23, 2020 At the onset of the COVID-19 pandemic, the International Monetary Fund (IMF) announced that short-term debt loans and funding initiatives would be available for emerging market nations. The authors of a new paper argue that those programs need to continue. (Getty Images illustration) A Rochester economist says conflict between health priorities and…
Details