One of Australias most heavily touted tech startups – custom footwear-maker Shoes of Prey – has filed for insolvency. Helpfully, co-founder Michael Fox has explained why in a Medium post. The TL;DR: even though it had a loyal fan base among well-heeled women who appreciated its shoe customisation service, the company was never profitable and…
Aodhan O Faolain Michael McKevitt was among four men found liable for the attackPACEMAKER PRESS Three men found liable for the Omagh bombing have been declared bankrupt by the High Court after failing to pay damages to relatives of the victims. The car bomb on a street packed with shoppers killed 29 people, including nine…
Sub: Outcome of the 10th Meeting of Committee of Creditors of Uttam Value Steels Limited Dear Sir, This is in reference to the captioned subject. Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), 2015, we would like to bring to your notice that the 10th meeting of the Committee of Creditors…
| 48 mins ago New York Media is laying off 16 full-time staffers and an additional 16 part-time and freelance staffers in a restructuring that is intended to put it on firmer financial footing, the company said today. The cuts primarily affect New Yorks audience development and circulation teams, its copy and fact-checking desks and…
DEBT RELIEF: Education-focused venture capital firm Rethink Impact has led an $11.2 million Series A round for FutureFuel.io, which provides a platform to help employees pay down their student debts. The Boston-based company has now raised a total of $15.7 million, according to a statement. Founded in 2016, FutureFuel.io allows employers to offer student debt…
By Liz Weston of Nerdwallet|AP, Millions of Americans get their health insurance and retirement accounts through their employers. Now some are getting help with their debt. Companies including insurer Aetna and accounting firm PwC help employees pay down student loans. Others partner with startups to offer debt solutions as an employee benefit. Among…
Controversial billionaire James Stunt is being sued by CMC Spreadbet for just over 1 Million that Stunt allegedly lost by gambling on currency changes. Stunt rose to fame by being married to Formula 1 heiress Petra Ecclestone and styles himself as a playboy billionaire. Stunt and Ecclestone are now…
Bankruptcy leaves the impression of utter failure, and when a company goes bankrupt, its easy to assume that its dead, may it rest in peace. According to this line of thinking, heres an alarming tidbit: If you regularly travel by plane, theres a decent chance youve flown with an airline that was bankrupt at the…
The Pensions Regulator has dropped its probe into whether Johnston Press used a controversial insolvency procedure to dump 300m in pension liabilities on the industry lifeboat fund. The UK regulator opened an investigation in November after Johnston, the publisher of the Scotsman and Yorkshire Post, used a pre-pack insolvency to keep the business afloat. Pre-packs…
Mach7 Technologies Limited (ASX: M7T) is into the development of innovative data management solutions. The data management is used to create a clear and complete view of the patient based on which diagnosis is done. The company provides a vendor-neutral foundation for unstructured data consolidation and communication through its imaging platform. The company today on…