May 1, 2017

Mackinac Partners Welcomes Senior Turnaround and Restructuring Executive John Bittner – Business Wire (press release)

RestructuringBy Insolvency Advisory Accountants May 1, 2017

BLOOMFIELD HILLS, Mich.–(BUSINESS WIRE)–Mackinac Partners, a leading financial advisory, turnaround management and restructuring firm, is pleased to announce the addition of highly accomplished financial and restructuring advisor John Bittner to the firm. Bittner, based in Dallas, joins the firm as Senior Managing Director and will lead Mackinac Partners Southwest Restructuring Practice. He has 25 years…

Federal budget 2017: Scott Morrison’s good and bad debt not black and white – The Age

Debt HelpBy Insolvency Advisory Accountants May 1, 2017

Treasurer Scott Morrison has laid the foundations for more of that good debt in the federal budget next Tuesday and less of that bad stuff. Good is good and bad is bad, right? If only economics, budget management and politics were so simple. Unfortunately for Scott Morrison’s good/bad debt distinction, some recurrent spending can be…

Nuisance call centre folds following fine – Basingstoke Gazette

LiquidationBy Insolvency Advisory Accountants May 1, 2017

A NUISANCE call centre handed one of the biggest fines in consumer history is entering liquidation, according to letters sent to its former employees. Earlier this month, The Gazette was contacted by staff at Media Tactics, based in Chineham Business Park, who said the firm had let all its employees go as a result of it…

Rolleston subdivision on backburner following liquidation – The Press

LiquidationBy Insolvency Advisory Accountants May 1, 2017

JOSEPH JOHNSON/FAIRFAX NZ Rolleston is one of Canterbury’s fastest growing towns. The $13 million failure of property company FCL Holdings (in liquidation) means a planned special housing subdivision at Rolleston near Christchurch is unlikely to proceed in the near future. FCL entered a purchase agreement in mid-2016 to buy the rural block from interests associated with Dryden Trust and Dean and…

Point To Point building company goes into liquidation leaving homeowners in the lurch – New Zealand Herald

LiquidationBy Insolvency Advisory Accountants May 1, 2017

Laetitia and Edward Lues, shown with baby Isabelle, paid $130,000 to Stephen Foley but have only an unusable foundation on their Gulf Harbour section. Photo / Doug Sherring A building company has collapsed owing almost $2 million to 130 creditors including 30 homeowners who have been left in the lurch, some of them for the…

Austria’s oldest soccer club, founded by a Rothschild, faces final whistle – The Times of Israel

BankruptcyBy Insolvency Advisory Accountants May 1, 2017

VIENNA (AFP) Vienna til I die! chanted the fans, in accented English, at a recent rainy match, testament to the British roots of Austrias oldest soccer club: the once-mighty First Vienna FC 1894. But while the few hundred diehard supporters give it their all week in week out, the now dilapidated terraces of what was…

Too few controls on a big pest with a punting problem – Newcastle Herald

BankruptcyBy Insolvency Advisory Accountants May 1, 2017

THIS is the bankrupt gambler who helped to bring down the biggest home builder in NSW, and in so doing, inflicted financial misery on thousands of innocent people. Mark Peters, 43, was a pest controller sub-contracted to Beechwood Homes when he convinced its owner, Larry King, to go into partnership with him and buy a…

Larry Page praises results of corporate restructuring – SpeedLux

RestructuringBy Insolvency Advisory Accountants May 1, 2017

Alphabet Inc CEO Larry Page stated that the holding corporate structure for search system Google and a host of new businesses has been successful in developing more transparency for investors. As the two-year anniversary of Alphabets business restructuring approaches, Page wrote in a letter to investors that the model has empowered business owners outside its…

Daily Archives: May 1, 2017