Deputy Mick Wallace. TD Mick Wallace has said his bankruptcy, forced by a petition from vulture fund Cerberus, will not stop him speaking out about its controversial purchase of a major Nama portfolio. Mr Wallace was adjudicated bankrupt in the High Court this morning with debts of over 30m following an application from Cerberus subsidiary…
DetailsMick Wallace has been declared bankrupt in the High Court. The Wexford TD was found to be unable to pay back multi-million euro loans following an application by the US fund Cerberus. Todays decision comes on the back of an application by Promontoria Limited, a subsidiary of US fund Cerberus, in relation to a 2m…
DetailsThe operator of a string of Noodle Box restaurants has been charged with fraud after an investigation by the corporate regulator into the illegal practice of phoenix activity. Amy Timko, who formerly ran several Noodle Box franchises in northern Tasmania, appeared in court in Hobart on Friday on charges of fraudulent conduct under the Corporations Act. AmyTimko’s…
DetailsOne Nation leader Pauline Hanson will fly to Perth today to vet potential candidates for the upcoming state election, three days after West Australian Senator Rod Culleton quit the party. Key points: Pauline Hanson will meet one-on-one with WA state election candidates One Nation still reeling from Senator Rod Culleton’s resignation Culleton says he’s…
DetailsMick Wallace has been declared bankrupt in the High Court. The Wexford TD was found to be unable to pay back multi-million euro loans following an application by the US fund Cerberus. Todays decision comes on the back of an application by Promontoria Limited, a subsidiary of US fund Cerberus, in relation to a 2m…
DetailsThe operator of a string of Noodle Box restaurants has been charged with fraud after an investigation by the corporate regulator into the illegal practice of phoenix activity. Amy Timko, who formerly ran several Noodle Box franchises in northern Tasmania, appeared in court in Hobart on Friday on charges of fraudulent conduct under the Corporations Act. AmyTimko’s…
DetailsMick Wallace has been declared bankrupt in the High Court. The Wexford TD was found to be unable to pay back multi-million euro loans following an application by the US fund Cerberus. Todays decision comes on the back of an application by Promontoria Limited, a subsidiary of US fund Cerberus, in relation to a 2m…
DetailsBy JOSEPH OPENDAMore by this Author Nakuru County Kanu officials have appealed to President Uhuru Kenyatta to intervene and help prevent the sale of their party offices over a Sh212 million debt. Kanu county chairman John Muthee called on the President to waive the debt, which is owed to Kenya Power. In November 2016, a…
DetailsMick Wallace TD Picture: Tom Burke TD Mick Wallace has been adjudicated bankrupt with debts of 30m in the High Court. The Independents4Change TD ended his fight to avoid bankruptcy after a major debtor would not facilitate him in coming to a personal insolvency arrangement. The heavily indebted Wexford politician was forced into bankruptcy by…
DetailsRomanias Government approved in the Thursday meeting the decision to postpone by six months the entry into force of the law on personal insolvency, until August 1, next year. The law had to come into force at the beginning of 2017. The Government postponed implementing the law because it requires a complex system, namely setting…
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