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Gordon Ramsay’s father-in-law has his bankruptcy extended by four years because he channelled £328,000 to his wife before it was declared Chris Hutcheson transferred the money when HMRC were asking for owed tax The funds came from his share of the sale proceeds of his family home in 2017 The 72-year-old once headed Ramsay’s multi-million-pound … Read more
Croydon Council declared itself practically bankrupt yesterday and blamed its financial crisis on the havoc caused by coronavirus. The Labour-run south London borough imposed emergency spending restrictions under a Section 114 notice – only the second authority in two decades to face such measures. As well as the coronavirus crisis, local officials also pinned blame on … Read more
A THIRD of hotel and food businesses had ‘no or low’ confidence they would survive to next year even BEFORE the national lockdown was declared Official survey shows accommodation and food industry huge hit from lockdown A third of businesses had ‘no or low’ confidence that they will survive the year Gloomy assessment came even … Read more
A couple living in a flat with dangerous cladding say their life is ‘on hold’ and they may have to declare bankruptcy due to the £25,000 cost of having it removed. Abi Tubis, 29, of Leeds, is among the thousands of people across the UK who are trapped living in unsafe flats with flammable cladding. … Read more
Boris Becker tried to distract himself on Tuesday night with a low-key dinner at The Bluebird in Chelsea, ahead of his court appearance on Thursday. The tennis pro, 52, is set to appear at a preliminary hearing where he is accused of ‘hiding his Chelsea flat and £1.2m in cash’ when filing for bankruptcy in 2017; … Read more
BREAKING: Virgin Atlantic becomes billionaire Richard Branson’s second airline to file for bankruptcy as industry continues to be ravaged by the pandemic Virgin Atlantic filed for Chapter 15 bankruptcy in New York on Tuesday The company earlier Tuesday told a London court it will be forced to fold if a rescue deal isn’t reached by … Read more
BREAKING: Virgin Atlantic becomes billionaire Richard Branson’s second airline to file for bankruptcy as industry continues to be ravaged by the pandemic Virgin Atlantic filed for Chapter 15 bankruptcy in New York on Tuesday This comes after Virgin Australia filed for voluntary administration in April The airline industry has been rocked by the pandemic By … Read more
Bradley Wiggins faces bankruptcy hearing: £13 million star appears in court over money owed to HMRC following split from his wife of 16 years High Court today heard how cyclist Sir Bradley has faced financial difficulties The Olympian, 40, was the subject of a bankruptcy petition brought by HMRC Judge dismissed the petition against him … Read more
Katie Price faces bankruptcy hearing in latest blow after son Harvey’s health scare and ‘mucky mansion’ raid The star, 41, faces a new bankruptcy hearing on Tuesday Katie is believed to have debts of £800,000, and has been failing to pay £12,000 a month to her creditors The TV personality, who was once estimated to … Read more
Eerie images of usually busy hotspots reveal just how hard the coronavirus crisis has hit Britain. As Boris Johnson prepares to tell office workers to start returning to their desks to help save the country’s economy next week, the pictures show how even though the UK has been easing out of lockdown, we are still far … Read more