Bankruptcy

Katie Price ‘attempts to sell £150K pink horse box in a bid to raise money’ amid bankruptcy woes

Katie Price has reportedly attempted to sell her £150,000 pink horse box after she was given three months to pay off her debts, totalling £250,000. According to The Daily Star, the former glamour model, 40, was ‘snubbed by a horsebox dealer who offered her £90,000 for the vehicle’, £60,000 less than its reported value. A source told the publication: ‘The horsebox is probably worth about £150,000 now but they know she is desperate. You can’t blame them for trying to…

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Bankruptcies file Aug. 2-9, 2018

JOINT DEBTOR: Chani A. Becker ADDRESS: 2232 Livingston Ave., Duluth CHAPTER 7 DATE FILED: Aug. 2 ASSETS: $228,875 LIABILITIES: $236,893.47 DEBTOR: James Brian Young DEBTOR'S ADDRESS: 4836 Starlight Loop, Unit E, Hermantown JOINT DEBTOR: Kathleen Rene … Source link

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Senior partner of law firm ordered to shut down over suspected dishonesty is declared bankrupt

The boss of a law firm shut down by regulators who “suspected dishonesty” has been declared bankrupt at the High Court in London. Richard Clive Hallows, of Wold Court, Hawarden, was deemed by the Solicitors Regulation Authority (SRA) to have given reason to suspect dishonesty on his part and ordered to close his Mold practice (Hallows Associates) in February. The panel decided to stage an ‘intervention’ – a serious step which sees a practice shut “to protect clients’ interests and…

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Insolvency and Bankruptcy Code has put recovery process on fast track, says FICCI Survey

Participating in the survey, 22 bankers suggested that extension of moratorium beyond 270 days should not be permitted. Insolvency and Bankruptcy Code (IBC) has put the debt recovery process on fast track and improved the position of banks, according to a Ficci survey. Banks which participated in the survey highlighted that IBC has also increased promoters’ willingness to come forward for resolution at an early stage of default. To improve the resolution process, bankers suggested further enhancing of capacity, strengthening…

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Bankrupt firms: For 9 quarters, HNIs are gung-ho on 22 smallcaps; including bankrupt firms

NEW DELHI: Indian high networth individuals (HNIs) seem to have developed high conviction on a set of 22 smallcap companies, where they have remained loyal through the recent selloff that sliced away up to 90 per cent value. Curiously, a few of these companies are bankruptcy candidates and are at various stages of adjudication at the insolvency courts. Even as the benchmark Sensex scaled a new lifetime peak going past the 38,000 mark on Thursday, the BSE smallcap index is…

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Will Toor: Cynical drilling industry measure would bankrupt governments

Will Toor For the Camera With all of the drama going on with politics in Colorado and at the national level, it is easy to lose track of lower profile ballot issues that we will be voting on this November. This year, not paying attention could be really dangerous. This is because the oil and gas industry is funding an unprecedented attack on our neighborhoods and communities by…

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Trump tariffs have forced us into bankruptcy and liquidation, says PC case maker CaseLabs

A high-end PC case maker says it has been “forced into bankruptcy and liquidation” by tariffs introduced by Donald Trump. CaseLabs, which makes custom towers for computers and has a high-profile following, including prominent YouTubers such as LinusTechTips, announced it would be permanently closing on Saturday. The company, based in California, said tariffs had raised costs by almost 80 per cent and that “the default of a large account” had added to the issue. Trump doubles tariffs against Turkey amid row…

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Rajya Sabha clears insolvency Bill

The Bill, meant to replace an ordinance promulgated in June, has already been approved by the Lok Sabha. The Rajya Sabha on Friday passed the Insolvency and Bankruptcy Code (second amendment) Bill to accord homebuyers the status of financial creditors. The Bill, meant to replace an ordinance promulgated in June, has already been approved by the Lok Sabha. It will be made into law soon once it gets the Presidential approval. The Bill allows promoters of micro, small and medium…

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Some companies under insolvency resolution face fraud check

NEW DELHI: About a dozen companies undergoing bankruptcy resolution are being reviewed by banks and investigating agencies for fraudulent activities including diversion of funds. A senior government official confirmed the development and said that some discrepancies have been pointed out in the case of a steel maker and a real estate firm among 10-12 companies. “There were some inputs and lenders have been asked to provide transaction details of last five years. If required, banks will also undertake forensic audit,”…

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Parliament passes insolvency and bankruptcy bill- The New Indian Express

By PTI NEW DELHI: A bill to amend the Insolvency and Bankruptcy Code (IBC) 2016, allowing home buyers to be treated as financial creditors and seeking to set up a special dispensation for small sector enterprises, was passed by Parliament today. The bill, which was passed in Lok Sabha on July 31, was approved in the Rajya Sabha today by voice vote. The legislation seeks to replace the June 6 ordinance that sought to put these amendments into force to…

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Parliament passes bill to amend Insolvency and Bankruptcy Code

A bill to amend the Insolvency and Bankruptcy Code (IBC) 2016, allowing home buyers to be treated as financial creditors and seeking to set up a special dispensation for small sector enterprises, was passed by Parliament today. The bill, which was passed in Lok Sabha on July 31, was approved in the Rajya Sabha today by voice vote. The legislation seeks to replace the June 6 ordinance that sought to put these amendments into force to aid quick resolution of…

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Khrunichev Center not bankrupt, Roscosmos expects govt to help restructure debts – Rogozin (Part 2)

News headlines August 10, 2018 15:21 MOSCOW. Aug 10 (Interfax) – Roscosmos has no plans to declare the Khrunichev Center bankrupt, the state space corporation’s head Dmitry Rogozin told reporters. “Its bankruptcy is out of the question. The president’s fundamental stance is that production must be maintained and the Moscow plant’s land must not be used to pay off its debts,” Rogozin said. Roscosmos is hopeful that the government will help…

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Katie Price ‘lookalike’ reveals shopping addiction and £6k sprees left her bankrupt

A guest who some dubbed a “Katie Price lookalike” opened up about how her shopping addiction left her bankrupt on This Morning today. Ironically, this comes just days after Katie herself attended a bankruptcy hearing after leaving a trail of failed businesses. The 50-year-old entrepreneur narrowly avoided being made bankrupt after she instead offered the courts a repayment plan for the £22,000 she owes in taxes However Claire Taylor, who was interviewed by Mollie King and Ben Shephard on the…

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