World-famous fashion designer, Karen Millen OBE, has been declared bankrupt. The case for insolvency went before the High Court this week, after she was reportedly unable to pay an outstanding £6m tax bill. The 55-year-old, who lives in Wateringbury near Maidstone, now faces the possibility of losing her £3m mansion and other property. Fashion designer Karen Millen Karen Millen opened…
DetailsA senior Sandwell councillor has been declared bankrupt following a near decade-long row with a widow over £30,000 she gave to him and his wife. Councillor Richard Marshall, cabinet member for leisure at Sandwell Council, was alleged to have failed to re-pay the five-figure sum, said to have been given to him as a loan.…
DetailsGoPro, Inc. GPRO has been one of the worst performers in 2016, without a doubt. A litany of problems some driven by market forces, others self-inflicted hurt the company, resulting in the stock losing 52% of its value during the course of the year. Currently, the stock is trading at $8.58, which is near its…
DetailsPhil Mickelson is used to paying off gambling debts, but Im not sure hes used to them being this exorbitant. Mickelson, who was tied to Vegas businessman William Billy Walters because of a Dean Foods stock tip he hit on before giving back the nearly $1 million he earned off the transaction , apparently also…
DetailsNew South Wales community legal services are banding together to cope with the sheer number of Centrelink debt cases, as the states welfare rights body adds its voice to calls for the robo debt system to be scrapped. Vulnerable people who believe they have been wrongly targeted by the federal governments campaign to claw back…
DetailsMARTIN VAN BEYNEN/FAIRFAX NZ Dave Henderson is seeking damages after it was found his personal documents were accessed unlawfully. An Official Assignee solicitor unlawfully accessed Christchurch developer Dave Henderson’s personal information, including correspondence with a “well-known” politician about a diet programme. Henderson, a discharged bankrupt who famously battled Inland Revenue in the mid 90s, sued the Attorney-General over…
DetailsCounsel for Donna Magee asked that she be given a week before starting her sentence in order to make arrangements for her 14-year-old child. This was refused by Judge Martin Nolan, who said it was too serious an offence. Magee, with an address in Holyfields, Dungannon, Co Tyrone, pleaded guilty at Dublin Circuit Criminal Court…
DetailsWASHINGTON (NEWSPLEX) — U.S. Senator Mark Warner has introduced two pieces of legislation to provide relief to young people struggling with student loan debt. One bill would allow employers to make payments toward employees’ debt using pre-tax income. The second would make income-based repayment the default option for borrowers of federal student loans. “As the…
DetailsCounsel for Donna Magee asked that she be given a week before starting her sentence in order to make arrangements for her 14-year-old child. This was refused by Judge Martin Nolan, who said it was too serious an offence. Magee, with an address in Holyfields, Dungannon, Co Tyrone, pleaded guilty at Dublin Circuit Criminal Court…
DetailsThe regulations come into force from today New Delhi, March 31: The Insolvency and Bankruptcy Board of India (IBBI) has issued regulations pertaining to the voluntary liquidation process for corporate persons. The regulation, which will come into force on April 1, 2017, lays down the process from initiation of voluntary liquidation of a corporate person…
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