IN a sliding doors moment, Nathan Tinklers former right-hand man, Troy Palmer, has been declared bankrupt with debts of more than $21 million, just as word emerges that his former one-time billionaire boss has had his personal bankruptcy annulled. The Herald can reveal that retail giant Gerry Harvey has bailed Mr Tinkler out for a second time, loaning…
Contrary to the old saying; when it comes to financial education less will never be more. As a society, our expectations of what constitutes an acceptable standard of living for our children has risen exponentially. In fact, in the last 10 years child-rearing costs have gone up by 45 per cent, while our household incomes…
Michael DAlessio Another 15 investors have sued former White Plains real estate developer Michael DAlessio, claiming he misrepresented his finances on bankruptcy forms, including gambling debts, in diverting $2.8 million from projects they were financing. DAlessio used his companies to carry out a massive fraud on numerous investors, the bankruptcy court complaint, filed on Aug.…
Steinhoff International Holdings N.V. : UPDATE ON PROGRESS OF FINANCIAL RESTRUCTURING The issuer is solely responsible for the content of this announcement.UPDATE ON PROGRESS OF FINANCIAL RESTRUCTURING Steinhoff International Holdings N.V. (the “Company” and with its subsidiaries, the “Group”) INTRODUCTION In accordance with the Company’s reporting obligations under paragraph (e) of clause 20 of the…
Miami, Florida, Aug. 17, 2018 (GLOBE NEWSWIRE) — ) Getting out of debt problem is easy if you have a clue about what you should do and what consumer rights are there to protect you. And that is what Resolvly LLC wants consumers to do – study the options to clear the debt problem immediately.…
The proposals were set out in a consultation document designed to seek views on how to tackle “those who own or manage” companies who cause the companies to engage in “tax avoidance, evasion or repeated non payment of taxes” and then use the insolvency process so that the company avoids paying the tax. In some…
17 August 2018 17:11 (UTC+04:00) 345 By Trend Sino plant producing refrigerators in Uzbekistans Samarkand city was declared bankrupt upon the court decision, the Uzbek media reported citing the Uzbek plant. The plant with the capacity of 250,000 refrigerators per year opened in 1973. During the times of the Soviet Union, the plant produced “Pamir”, “Samarkand”,…
By David McHugh|AP, FRANKFURT, Germany Greece officially completes its bailout program on Monday, after eight years of cutbacks enforced in return for massive loans and following an economic collapse on the scale of the Great Depression. The exit is a welcome milestone. But it offers little assurance that the 19-country euro currency…
Campbell Soup has tapped investment bank Goldman Sachs to look at the possibility of selling off some of its businesses to help pay down debt left in the wake of its $6.1 billion acquisition of pretzel maker Snyder’s Lance earlier this year, people familiar with the review tell CNBC. The company’s shares tumbled as much…
Author: Ken Teegardin. Licence: Creative Commons, Attribution-ShareAlike 2.0 Generic. BELGRADE (Serbia), August 17 (SeeNews) – Serbia’s Bankruptcy Supervision Agency is inviting bids for the purchase of assets of insolvent iron casting company FAP Livnica, the agency said on Friday. The estimated value of the assets of FAP Livnica for sale stands 461.1 million dinars ($4.5…