Bankrupt? Proposed law may disqualify, bar you from holding public office – The Indian Express

By: PTI | New Delhi | Published:May 4, 2016 3:49 pm Finance Ministry officials said the government has accepted all the changes suggested by the Joint Committee, including on disqualification of the bankrupt. A bankrupt person would stand automatically disqualified from becoming a law-maker once the new legislation that looks to slash the time it…

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Former family linked with failed vegetable processors Bunny Bites declare bankruptcy, leaving creditors few options – ABC Online

The creditors of failed Queensland vegetable processing business Bunny Bites are unlikely to be paid by the former owners, the Brent family. Bunny Bites was owned by John Brent, and his brother Peter Leonard Brent, when the business went into liquidation in 2013 owing more than $3 million to vegetable growers, wholesalers, and…

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Gambling debts of £25000 caused dad-of-seven to set up cannabis farm, court told – Bradford Telegraph and Argus

A FATHER-of-seven has been jailed for 14 months for setting up a cannabis farm to pay off a £25,000 gambling debt. Saghir Shahid, 40, was caught with 53 cannabis plants in a locked room at the family home in Blenheim Road, Manningham, Bradford, on December 14 last year. Prosecutor Lorraine Harris told Bradford Crown Court…

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Sports Authority holds out hope for last-minute sale to stave off liquidation – The Denver Post

Sports Authority is still pursuing a “robust” sale process and is not fully liquidating just yet, attorneys for the sporting goods retailer told a federal bankruptcy judge on Tuesday. Several parties have expressed interest in all or most of the Englewood-based company’s assets, attorney Robert Klyman told Judge Mary Walrath at a hearing in the…

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Insolvency Service to investigate BHS’s slump into administration – The Guardian

The government has ordered the insolvency watchdog to launch an immediate investigation into the circumstances surrounding BHSs slump into administration. The business secretary, Sajid Javid, instructed the Insolvency Service to consider the extent to which the conduct of the directors of BHS led to its collapse into insolvency last week, putting 11,000 jobs at risk.…

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Receivers Make Public AlixPartners’ Final Report on Bulgaria’s Insolvent KTB – Novinite.com

The head office of collapsed Corporate Commercial Bank (KTB) in Sofia. The receivers of insolvent Corporate Commercial Bank (Corpbank or KTB) have made public a report tracking the assets of Bulgarias fourth-largest lender. An English-language version of the final report, prepared by UK-based consultancy AlixPartners in September 2015, had been initially submitted to Parliaments Secret…

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