Rick Stein ‘nearly lost his business’ after restaurants left on verge of bankruptcy by pandemic

Rick Stein admits he ‘nearly lost the whole business’ after his restaurant empire was left on the verge of bankruptcy by Covid pandemic Chef and TV presenter, 74, was on the brink of bankruptcy at start of pandemic    Signature restaurants in Porthleven and Falmouth didn’t survive financial impact Business has already reported 30,000 bookings at … Read more

Boris Becker gave £120,000 in backhanders to wife and ex to evade bankruptcy rules, court hears

Tennis legend Boris Becker gave £120,000 in backhanders to his wife and his ex to evade bankruptcy rules, court hears Boris Becker, 53, was declared bankrupt four years ago after spending fortune Tennis ace allegedly hid money following bankruptcy order to paying creditors  Court hears he hid proceeds from £3m sale by sending them to … Read more

Boris Becker gave £120,000 in backhanders to wife and ex to evade bankruptcy rules, court hears

Tennis legend Boris Becker gave £120,000 in backhanders to his wife and his ex to evade bankruptcy rules, court hears Boris Becker, 53, was declared bankrupt four years ago after spending fortune Tennis ace allegedly hid money following bankruptcy order to paying creditors  Court hears he hid proceeds from £3m sale by sending them to … Read more

Gordon Ramsay’s father-in-law has his bankruptcy extended by four years

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 goes BUST: Labour-run local authority blames Covid as it is on brink of bankruptcy

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

Couple living in a flat with dangerous cladding may have to declare bankruptcy due to repair costs

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 heads for dinner ahead of court hearing for ‘hiding property and cash’ amid bankruptcy

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

Virgin Atlantic is Branson’s second airline to file for bankruptcy

Virgin Atlantic has become billionaire Richard Branson’s second airline to file for Chapter 15 bankruptcy in the U.S. this year as the industry continues to be ravaged by the coronavirus pandemic. Virgin Atlantic’s filing on Tuesday in U.S. bankruptcy court in the Southern District of New York said it has negotiated a deal with stakeholders ‘for … Read more

Virgin Atlantic becomes billionaire Richard Branson’s second airline to file for bankruptcy

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

Katie Price tells bankruptcy hearing she’s lost everything

Katie Price (pictured in February 2019) told a bankruptcy hearing she has ‘lost everything’  Katie Price told a bankruptcy hearing she has ‘lost everything’ as she spoke about being burgled and attending the Priory. The former glamour model, who was declared bankrupt in November last year, has had average recent monthly earnings of £45,000, a … Read more