Daily Archives: June 12, 2020

Losing it all: Business owner’s personal story of bankruptcy – Otago Daily Times

Photo: Getty Images When Christchurch bookkeeper and business owner Lisa Cowe was declared bankrupt in 2017, it was over a $6200 credit card debt owed to the BNZ. Cowe joined 1862 others in bankruptcy that year, many of them voluntarily making the move to clear their debts and attempt to start anew, free of the…

Hertz seeks unusual $1bn share sale while in bankruptcy – Financial Times

Hertz, the car rental group facing bankruptcy, is looking to sell up to $1bn in stock to take advantage of frenzied trading in its shares, in an unprecedented move for a company whose solvency is in doubt. The proposed cash infusion, outlined in a filing on Thursday, would help fund the companys reorganisation process and…