Administrators report recommends vote for liquidation. Pumpkin Patch’s history is broadly explained by the administrators as having two phases. Photo / Nick Reed A union lobbying for hundreds of Pumpkin Patch workers owed millions by the collapsed childrens’ retailer said it would vote in favour of liquidation for the company. Pumpkin Patch entered voluntary…
A small business owner has opened up about the difficulties of managing cashflow in a growing business, after his personal training company Rapid Personal Training entered liquidation yesterday. Insolvency firm Hogan and Sprowles has been appointed to manage the liquidation of Rapid PT, which employs three full-time staff and 17 contractors, and has seven locations spread across Sydney and…
Vietnams revolutionary founder Ho Chi Minh relied on lottery ticket sales to raise money for schools and hospitals during the war years. Now Hanois Communist leaders are looking to casinos, horse betting and modern lottery-ticket machines to do the same. So far this year, Prime Minister Nguyen Xuan Phuc has issued two decrees aimed at…
Finland’s farmers are plagued by poor profitability. Image: Ismo Pekkarinen / AOP Following a protest “tractor march” by farmers in Helsinki last spring, the government provided 50 million euros in emergency aid to the agricultural sector. This is far from enough, say those working with a Farmers’ Social Insurance Institution (Mela) project aimed at helping…
Releasing the final report of a three-part research project aimed at determining the best methods of addressing phoenix activity, researchers at the Melbourne Law School and the Monash Business Law School have called for action across 25 areas to detect, disrupt and punish harmful and illegal activity. Under one recommendation, anyone who has been an…
As a parent of a recent college graduate, you may be asking if your young adult will ever move out of the house or pay the student loan you supported. As an employer, you may think that student loan doesnt impact who you hire or how well you retain millennial talent. Its time to think…
A publicity drive aimed at making more people aware of free legal and financial advice available to those in mortgage distress has commenced. It comes after research revealed that two-thirds of those who could benefit most from such a scheme did not know it existed. The Abhaile scheme was launched last July as a one-stop…
EX-STAFF of a prominent Mooloolaba restaurant will only receive about 13 cents for every dollar of superannuation they’re owed by former boss Todd Young. Mr Young hit Las Vegas with his partner just days after winding up Todd Young Investments Pty Ltd on December 29, 2015. His company operated Bella Venezia restaurant at Mooloolaba through…
A High Court judge has approved a personal insolvency arrangement for Donegal county councillor John ODonnell, who has debts of more than 4.2 million. A meeting of Mr ODonnells creditors had last month had rejected the proposed arrangement. Mr ODonnell, an Independent Councillor, previously featured in an RTÉ Investigates programme on standards in public office.…
Galway Bay fm newsroom 76 people were declared bankrupt across Galway over the past two years. New statistics from the Insolvency Service of Ireland show that from 2014 to 2016, there were a total of 171 debt solutions issues across the city and county. 95 of these were approved by creditors or the courts, and…