She hoodwinked investors by cooking the books of her wellness website, now glamorous social media influencer Bianca Cheah has been declared bankrupt. In 2019, the NSW Supreme Court ordered Ms Cheah and her husband Simon Chalmers to pay the former Australian boss of investment bank Lazard Garren Cronin and his wife Emma more than $1…
Australian supermarket and retail chain, the Coles Group, last week indefinitely extended the three-month lockout of workers at its Smeaton Grange warehouse in southwestern Sydney. This is part of an attempt by Coles, one of the countrys largest companies and employers, to satisfy the dictates of the global financial markets, which are demanding higher investment…
Victoria Kay Leeds-based law firm Clarion has appointed a new legal director to its business restructuring and insolvency practice. Victoria Kay has experience acting on both bank-led and business-led restructuring work, acting for insolvency practitioners on formal insolvencies and advising businesses and directors on a range of financial distress related issues. She also has notable…
Practical tips for taking action on debt and seeking advice Many people would like to move to a life with less or no debt, but taking the first step requires great courage. This week Claer hears from a couple in their 30s who have each run up large credit card debts. Duncan and his partner…
The ruling highlighted the potential for a group of different lease creditors to be grouped together to vote on a scheme of arrangement or restructuring plan proposed by a tenant company and which could have the effect that the landlords are forced to accept revised lease arrangements on less favourable terms. The High Court case…
Our ref: FOI20/21-146 Date: 21 December 2020 Dear , Re: Freedom of Information Act 2000 Thank you for your email of 30 November in which you requested from the Insolvency Service: I am writing to ask if it would be possible to have the following data set from the Insolvency Service Individual Insolvencies by ward…
Renault Samsung Chief Executive Dominique Signora made the comments as the company struggles with lower vehicle sales and high labor and manufacturing costs TopicsRenault|Samsung|Automobile IANS | Seoul Last Updated at February 16, 2021 09:17 IST The chief of Renault Samsung Motors said on Tuesday that restructuring will be inevitable for the survival amid the prolonged…
The payment pause began with the CARES Act signed into law last March and was extended throughout the rest of 2020 until Jan. 31 when Biden extended it once again. Many local students are relieved that Biden has chosen to include student loan relief in the COVID-19 package. Im happy that he decided to include…
16 February 2021 Consultancy.uk 2 min. read Business advisory firm FRP has strengthened its restructuring advisory team with the hire of two new Directors. Robert Wheeldon and Tony Sturge bring more than three decades of combined experience to the company. With more than 60 partners and more than 400 staff,FRP Advisory is one of the…
Jet Airways, the Indian carrier that has been grounded since April 2019, has posted a net loss ofRs28.4 billion ($391 million) for the 2019-20 fiscal year ended 31 March 2020. This compares to a loss of Rs55.4 billion in the same period during FY2018-19. The carrier also reported a total income of Rs3.5 billion for…