Shoe retailer Office could close some of its roughly 100 stores as part of a restructuring programme, Sky News has reported. The firm has appointed consultancy Alvarez & Marsal, to draw up plans for a company voluntary arrangement or CVA, a procedure used by insolvent businesses, Sky said citing sources. … Read the full article…
The owners of an embattled up-market Perth restaurant are begging the public to help pay their overdue debts after they were forced to shut the business last week. Kiren and Kelli Mainwaring have owned Co-Op Dining, a trendy fine-dining restaurant in the citys east, since 2012. But since closing the restaurants doors, the couple have…
Personal_Finance / Debt & Loans Jul 02, 2019 – 09:18 AM GMT By: Sumeet_Manhas If you have lots of unsecured debts such as credit card loans or student loans, your efforts to repay those debts could chop off a huge chunk of your monthly budget. Thus, you need to choose a good debt relief option.…
Enchanted Diamonds, an international online diamond retailer headquartered in New York City, has unexpectedly declared bankruptcy leaving customers in the lurch. The business which was registered as Online Diamonds International Corporation and formerly operated a showroom in Times Square filed for Chapter 7 bankruptcy in a New York court on 20 June. In the…
In recent years, the business has been a source of regulatory and political headaches while losing ground and talent to rivals. Deutsche Bank now plans to tell hundreds of US equities and rates traders that they will no longer be employed there, people familiar with the matter told Bloomberg. Chief Executive Officer Christian Sewing may…
On Monday, the Hecs (Higher Education Contribution Scheme) repayment threshold fell to the lowest it has ever been. From now on, anybody earning over $45,881 a year will have to start repaying their student loans effective immediately. Two years ago, the repayment threshold was $56,000, but Australias Coalition government lowered that to $52,000 last year…
Johnston Carmichael, an independent accountancy and business advisory firm, has strengthened its leadership team with the appointment of a restructuring director. Jenn Stewart, brings 16 years of experience to her new role which forms part of Johnston Carmichaels strategic expansion of its restructuring team across the country. Having been based in Dundee for the last…
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift card! Howard Marks put it nicely when he said that, rather than worrying about share price volatility, The possibility of permanent loss is the risk I worry about and every practical investor I…
The Australian Competition and Consumer Commissions (ACCC) case against embattled franchise JUMP! Swim Schools is mounting. In a pre-trial case management hearing in Federal Court, the watchdog called for greater sanctions and a JUMP! asset freezing extension. In June, the Federal Court issued freezing orders against the company and founder Ian Michael Campbell. The move…
The punishment awaiting unrepentant fornicators remains a matter of speculation. What is not in doubt is the special kind of hell awaiting Cameron Clyne as he begins the torment of a protracted court dispute where the Israel Folau case is inevitably heading. Rugby Australias chairman told The Sydney Morning Herald he found the prospect painful…