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Showing posts with label Bankrupt. Show all posts
Showing posts with label Bankrupt. Show all posts

Tuesday, April 24, 2012

Weird news - Airline shuts down leaving passengers in the lurch

An airline, when in operation ferries a number of people to and from different locations in a country our around the world. People book their tickets and plan their leisure time based on these to and fro journeys. So what happens when the airline suddenly comes to a halt (because of lack of money or other such reasons) ? People get really stuck, sometimes in places distant from their home cities and without a way to get back. Buying alternate tickets on other airlines can be expensive at short notices and the entire vacation can get badly ruined because of such cancellations, and lead to monetary losses as well, with the possibility of getting the money back also not possible (refer this case)  
Thousands of travelers have been left in the lurch around the world after the carrier Air Australia went into administration and grounded its fleet Friday.
"It currently appears that there are no funds available to meet operational expenses so flights will be suspended immediately," the company said in joint statement Friday with its newly appointed administrators, KordaMentha.
About 4,000 passengers in total have been left stranded in Hawaii, Thailand, Indonesia and Australia as a result of the suspension, said Michael Smith, a spokesman for KordaMentha.

Sunday, October 25, 2009

Pamela Anderson bankrupt - blames decision to line pool with platinum

Most of you would have heard of Pamela Anderson, and seen her (she was the most exciting part of Baywatch, the TV series). Her personal life has been a bit erratic, being married and divorced to the same person on a regular basis, but finally left him because of his becoming violent. You would expect such a medium level professionally successful actor to be still rolling in riches, but there is a fact that just because you make money does not mean that you have the brains to keep it. After all, how many of you would have bought some platinum jewelery ? Some of you, right ? It can be expensive. But how many would have thought of tiling a pool with platinum ? Well, Pamela Anderson did, and she claims this made her bankrupt (link to article):


London: `Baywatch` beauty Pamela Anderson has revealed that it was her decision to tile her swimming pool with platinum that led her to bankruptcy. The 42-year-old blonde bombshell has spoken for the first time about the huge debts she has been left with after splurging on a dream home, reported Daily Mail online.
"I`m going to sell it. I hate it. People commit suicide over constructions. Relationships break down over constructions and I can see why. It rips your heart out," said Anderson who shares her trailer with her electrician boyfriend Jamie Padgett, 42, and her two sons Brandon, 13, and Dylan, 11. She reportedly has just USD 4,000 in the bank and needs to spend at least USD 800,000 more to make the house habitable.

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