Chinas banking regulator has instructed the countrys four state-owned bad loan managers to deal with failing peer-to-peer lending platforms, a sign of Beijings concern about possible financial and social instability from the shadow banking sector. Hundreds of P2P platforms have collapsed in recent months due to borrower defaults and fraud by platform operators. The defaults…
Food delivery company Foodora has gone into voluntary administration in a move it says will put legal action against it on hold. Foodora Australia, which is fighting a landmark test case on the rights of workers, said voluntary administration would give it “essential breathing space”, including a suspension of claims against it. Foodora has announced it…
SAN FRANCISCO, Aug. 16, 2018 /CNW/ – Customer experience solutions and software company McorpCX, Inc. (TSXV: MCX, OTCQB: MCCX) (“McorpCX” or the “Company“) today announced second quarter ended June 30, 2018 results, as well as management changes and a corporate restructuring. SECOND QUARTER 2018 FINANCIAL RESULTS Select financial highlights for the three and six months ended…
Food delivery company Foodora has gone into voluntary administration in a move it says will put legal action against it on hold. Foodora Australia, which is fighting a landmark test case on the rights of workers, said voluntary administration would give it “essential breathing space”, including a suspension of claims against it. Foodora has announced it…
Food delivery company Foodora Australia has entered voluntary administration just two weeks after announcing it will cease Australian operations on 20 August. The company appointed Simon Cathro and Ivan Glavas of Worrells Solvency and Forensic Accountants as voluntary administrators on Friday, 17 August. Advertisement The move will effectively suspend the ongoing sham-contr… Read the full article at: https://www.hospitalitymagazine.com.au/foodora-placed-in-voluntary-administration/
Foodora has gone into voluntary administration over concerns it cannot exit Australia solvent, suspending a potentially precedent-setting sham contracting case against the gig company. The on-demand food delivery firm appointed Worrells Solvency and Forensic Accountants on Friday just two weeks after announcing it was closing its operations on August 20. In a statement, Worrells said…
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Delivery food company Foodora has entered into voluntary administration, two weeks after it told the ABC it was “solvent”. “While Foodora’s intention was to wind down its affairs in Australia in an orderly fashion and with the support of its parent company [Delivery Hero] to meet all known liabilities, the company has been faced…
“Beth was in tears, Ty was in tears, Jase was in tears,” says Hill, who claims he remained steadfast in the face of all this sobbing. “I felt like a sociopath. ‘What are you doing, mate?’.” If Hill was more inclined than his fellow travellers to take it in his stride that may owe something…
Heres the litmus test for determining if you have too much debt: if your income was delayed, could you pay your monthly bills? If you couldnt meet those expenses, youve got too much debt, says Doug Hoyes, licensed insolvency trustee for debt relief experts Hoyes, Michalos & Associates. We often see our clients facing this…