By Lisa Wang / Staff reporter PC vendor Asustek Computer Inc () is restructuring after posting its first quarterly losses in four years last quarter, it said yesterday. The company hopes to expand its commercial PC market share to 10 percent from 5 percent, Asustek cochief executive officer Samson Hu () said at an online…
Tempura / Getty Images/iStockphoto According to the Kaiser Family Foundation, one in 10 Americans around 23 million people carry medical debt, including 11 million who owe more than $2,000 and 3 million who owe more than $10,000. Research published in the medical journal JAMA states that about 18% wind up in collections because of it…
The NCLT has approved the resolution plan by Ace Infracity Developers for the debt-ridden 3C Homes. The NCLT bench observed the resolution plan submitted by Ace Infracity Developers has been approved by the Committee of Creditors (CoC) with 100 per cent votes and it can not “interfere with the “commercial wisdom” of the lenders.Earlier, the…
Sometimes fame and wealth result in a disastrous spending spree. Here are 5 celebrities who lost all of their money at one point in their careers. 1, Johnny Depp. Depp was earning $30 million for each Pirates of the Caribbean film. However, he went bankrupt due to a mismanagement of funds by his staff. 2,…
Michigan authorities say a former Buick-GMC dealership employee sentenced this week for embezzlement stole more than $400,000 to cover her gambling debt. Amanda Root, 42, of St. Johns, Mich., was found guilty on one count of embezzlement of $100,000 or more and two counts of filing false tax returns, Michigan Attorney General Dana Nessel said.…
The NCLT has approved the resolution plan by Ace Infracity Developers for the debt-ridden 3C Homes. The NCLT bench observed the resolution plan submitted by Ace Infracity Developers has been approved by the Committee of Creditors (CoC) with 100 per cent votes and it can not “interfere with the “commercial wisdom” of the lenders. Earlier,…
Elaine Wilcox By Elaine Wilcox, restructuring and insolvency consultant, Armstrong Watson LLP When a business is forced into insolvency, concerns for the welfare of employees will run alongside the fear for your personal financial position, particularly if you have given personal guarantees in respect of company liabilities, and as a company director, it is often…
The widow of a printing industry worker who took his own life after becoming addicted to online gambling has called for a new law to ban free bet offers. An inquest into the death of Luke Ashton began yesterday (14 June) at Leicester Coroners Court. Ashton died on 22 April 2021, aged 40. He was…
Dave Ramsey on “The Ramsey Show.”The Ramsey Show – Highlights/YouTube Redeem now A truck driver called Dave Ramsey’s show to ask for help with his debts. Travis, from Michigan, said he earned some $80,000 a year, but owed $67,000. Ramsey said he had to squeeze every dollar of his paycheck “until Benjamin Franklin is squealing.”…
Jun 15, 2023 4.30pm A $58 million deal to bail out the failed Australian arm of Ellume, a once soaring biotechnology star supplying COVID-19 tests, has fallen over. The financial lifeline had been proposed by a Gold Coast firm with controversial links to testing, but Ellumes administrators said it failed to come up with the…