Once Tennis Star Boris Becker planning to sell his Wimbledon trophies to clear debt

Trophies that may not his anymore

A bad news for the fans of once reigning tennis world king German Boris Becker: Yes he is under thick financial clouds these days as his debt has risen to the tune of £54 million.

The rising debt has threatened his houses and personal property and he is likely to auction his famous Wimbledon trophies, luxury watches and much more.

But even selling his trophies may not fetch him more than £1 million. He has already been declared bankrupt over a debt of £3.34 million owed to a private bank.

Source | Photo
If you like Imposing Headlines, please follow us on Facebook

Read more »

Unemployment and bankruptcy take their toll - alarming 15% rise in suicides

Cases of suicide have rocketed since Britain plunged into recession, alarming new figures reveal.

Coroners courts concluded that 3,471 people had taken their own lives last year, a rise of 15 per cent compared to 2007.

However, right across the country, from the south west to Sunderland, local hotspots have seen numbers more than double.

And even in more affluent London and the Home Counties, large swathes of the region have seen suicide verdicts soar by more than 50 per cent.

Read more: Mail Online

Read more »

Nokia in trouble to the extent of Bankruptcy

Nokia just blew its first quarter earnings, in part because sales of its new iPhone-killer, the Lumia, have been "mixed." (Read our Lumia review here.)

That's bad - But here's what's worse.

The company is burning cash at a mind-boggling rate, and it's about to run into a cash crunch.

Nokia still has €4.9 billion of "net cash" on its balance sheet (cash less debt) and €9.8 billion of total cash. That's a lot. But in the past year, Nokia has gone from comfortably making money to losing a lot of it.

Read more: Business Insider

Read more »

SAAB finally files for Bankruptcy

[ via Mail Online ] 20 Dec

The once motoring giant SAAB has filed for bankruptcy today after former owner General Motors blocked moves by the ailing Swedish car company to secure funding from potential Chinese investors. 

A cash crisis saw Saab suspend production in March after it failed to pay suppliers. It has only occasionally restarted assembly lines since then.

Read Mail Online for more.

Read more »

American Airlines file for Bankruptcy

Huffington Post 29 Nov

American Airlines - America's third-largest airline and its parent company filed for bankruptcy protection as they try to cut costs and unload massive debt built up by years of high fuel prices and labor struggles. 

In the meanwhile, American Airlines' CEO Gerard Arpey stepped down and was replaced by company president Thomas W. Horton. The news would not have any affect on travelers, at least for now.

Read Huffington Post for details.

Read more »