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The franchisor of national pizza chain Eagle Boys has entered voluntary administration ahead of a potential sale. However, the appointment of external managers does not extend to Eagle Boys franchises, which are owned by franchisees and continue to operate on a business as usual basis, Eagle Boys said in a statement late last week. Administrators…
The number of West Australians falling behind on their mortgages is skyrocketing. Personal insolvency in WA reached record levels in the March quarter, reflecting the human impact of the end of the mining boom. Nationally there was a 10.8 per cent rise in personal insolvencies in the quarter but WA led the rise with a…
Debt relief for Greece will be looked into at the next Eurogroup meeting on 22 May, according to Jeroen Dijsselbloem. The president of the informal body of the eurozone’s finance ministers made the announcement during a plenary debate in Parliament on 27 April. He also apologised to MEPs about recent remarks that proved controversial. Greece…
With the corporate insolvency law nearly fully rolled out, the focus of the government is likely to shift towards implementation of what is probably the more difficult part of the Insolvency and Bankruptcy Code. With the corporate insolvency law nearly fully rolled out, the focus of the government is likely to shift towards implementation of…
… Read the full article at: http://www.mysanantonio.com/business/local/article/IHeartMedia-is-expected-to-disclose-insolvency-11115906.php
The statistics show 12,190 Scottish debtors became subject to a formal debt remedy in 2016/17. This was a year-on-year increase of 16 per cent on the 10,515 who entered a remedy in 2015/16. This increase is the first overall increase in numbers for five years. The figures released show that although there is an overall…
Days after the Federal Government announced a uni student fee hike, a national report has found students have higher rates of mental health problems than non-students, and being loaded with debt doesn’t help. The report by the National Centre of Excellence in Youth Mental Health, Orygen, lists some key reasons why uni students struggle with…
The first quarter didn’t go quite as well as Genesee & Wyoming (NYSE: GWR) planned. While the regional rail operator enjoyed the benefits from the first full quarter of operations at two recent acquisitions, several other issues weighed on earnings, which sank during the quarter. That said, the company expects to put many of these matters in the…
JOHANNESBURG (miningweekly.com) Dual-listed alluvial diamond miner Rockwell Diamonds move to file for business rescue to ensure any liquidation order is automatically stayed, has inadvertently removed the urgency it sought to establish by bringing forward the hearing date for the interim liquidation order against three of its subsidiaries. Following the March 23 interim liquidation order against…