The Australian Financial Security Authority has issued a warning around dodgy insolvency advisors ahead of an anticipated spike of bankruptcies. The personal insolvency regulator has now launched a public campaign to raise awareness on the prevalence of dodgy insolvency advisors and tell-tale signs for the public to look out for. The Australian Financial Security Authoritys…
Japanese apparel maker Renown Inc., which had sought court protection to revive its century-old business, will go into liquidation amid plunging sales due to the novel coronavirus pandemic, its lawyers said Monday. The Tokyo District Court last Friday decided to discontinue court protection after a sponsor could not be found. The liquidation procedure is expected…
An IT worker who stole laptops worth more than 12,000 from a hospital during the coronavirus pandemic has been jailed. Neil Murthick helped himself to 27 laptops which were acquired to help staff at Darlington Memorial Hospital work from home. Teesside Crown Court heard how the 42-year-old’s role was to get the computers set up…
PREIT, co-owner of Lehigh Valley Mall in Whitehall Township and the largest mall owner in Philadelphia, on Sunday filed for Chapter 11 bankruptcy protection with a ready-to-go plan to bolster its financial flexibility and restructure its debt. PREIT had hoped to avoid a bankruptcy filing and reorganize out of court, which would have required the…
The retail apocalypse claimed another victim after shopping mall operator CBL and Associates Properties (NYSE:CBL) declared bankruptcy on Sunday. Although the real estate investment trust was struggling for years, rumors of a possible collapse have been circulating since the summer. It may have been a foregone conclusion after J.C. Penney (OTC:JCPN.Q), one of CBL’s biggest…
AN IT contractor stole 12,000 worth of laptop from the NHS in a desperate attempt to clear his gambling debts. Neil Murthick stole 27 computers which had been bought by the County Durham and Darlington NHS Foundation Trust at the outbreak of the Covid pandemic to enable staff to work safely from home. Murthick, whose…
[ Routes ]November 2, 2020 6:00 am ET By Benjamin Pham Virgin Australia Prepares For Upcoming Holiday Season The holidays are approaching, and despite COVID-19, more passengers continue to consider air travel for leisure and participation in the holiday festivities. Virgin Australia officially announced its schedule ahead of the upcoming holiday season when travel demand…
Barcelona appear to be a club in crisis both on and off the field. The Blaugrana have managed just eightpoints in sixleague games so far, enduring their worst start to a LaLiga campaign in 18 years. Their struggles off the field have been well documented as well, with multiple reports discussing Barcelona’s financial status, pointing…
Need to know Lenders, by law, must take reasonable steps to check that a person is able to repay a loan before approving it New reforms proposed by the Australian government will remove this requirement Financial counsellors fear they will be overwhelmed if the reforms go ahead When Shahir Azamy walked into a Commonwealth Bank…
FC Barcelona | LLUIS GENE/Getty Images FC Barcelona could be declared as bankrupt if they don’t find a way around reducing their wage bill by 190 million euros by the end of next week. AS quote RAC1, who reports that negotiations to lower player and staff salaries began on Friday at Barcelona, with a meeting…