PG&E is about to go bankrupt. But the troubled utility said it will keep the lights on and is committed to a fair and expeditious resolution of the billions of dollars it faces in potential liabilities from the Camp Fire and the 2017 wine country fires. How can PG&E survive? Heres a look at what…
The Supreme Court of Appeal Justice Rezin Mzikamanda has sustained the bankruptcy order onMzimba Hora legislator the Reverend Christopher Ngwira. Mzomera: Not off the hook Ngwira, a former deputy Cabinet minister in former president Bingu wa Mutharikas administration, was declared bankrupt in June this year after allegedly failing to pay $75 222.06 (about K55 million)…
Blackbaud, a Daniel Island-based software firm with global customers, laid off some of its staff last week. The company said it had to eliminate positions within the company in order to shift resources from one area of the business to another as it invests in sales, research and development and cybersecurity, to name a few…
Debt consolidation can be tempting at this time of the year and works well for many people, but there are traps for those who dont understand how it works. The idea of combining all your consumer debts into one simple loan and repayment is growing in popularity. New data from peer-to-peer consumer lender Society One…
In an Urban Outfitters ad, a young woman turns on a neon sign on a bedside table that becomes increasingly cluttered with neutral-toned home decor. In another, against a backdrop of millennial pink and macrame, the woman gazes at her phone and grins. These ads are ostensibly for the youth-oriented retailer and its woven wall…
1. Get to know your finances better With life expectancy continuing to rise, the reality is that today we need to make our earnings from 40 to 50 years in the workforce, extend across 80 to 90 years of living. Everyone has different dreams for their retirement. It could be travel or something just as…
Maddocks has appointed a second partner in a month. Danielle Funston is joining the independent firm in Sydney, making the move from K&L Gates, where she is a partner. She was also previously a senior associate at Norton Rose Fulbright. Funston adds to Maddocks restructuring and insolvency expertise. She advises clients on recoveries, liquidations, corporate…
Share this: BestJet, a Queensland-based airline booking company, went into voluntary administration in December 2018, leaving many Australian customers badly out of pocket. Thousands of Australians who had outstanding bookings with the company have been told they have no tickets and are now left arguing with multiple parties trying to secure a refund. In this…
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Credit cards, specifically those used for online gambling deposits, are coming under fire in the United Kingdom. Culture Secretary Jeremy Wright wants to question bookmakers and bankers about his concerns that punters are gambling with money they cant afford. This push comes due to concerns that as much as 20% of deposits are made on…