Sandalwood scheme promoter Frank Wilson is bankrupt after failing to douse a $15.2 million debt owed to the finance arm of his former flagship Quintis. Federal Court judge Katrina Banks-Smith declared him bankrupt after rejecting Mr Wilsons conspiracy claims over alleged actions after he left Quintis in March, 2017, to pursue a failed takeover bid.…
There will be no operational changes to Rockport Australia, as the parent company undergoes voluntary restructuring under Chapter 11 bankruptcy. US-based Rockport Group has also entered into negotiations with a potential purchaser which has significant experience in the industry. Australian and New Zealand distributor True Alliance confirmed the footwear brand is continuing to operate as normal…
Christopher Kane was once one of the buzziest labels on Londons fashion week schedule. Now, the company is on the brink of bankruptcy. On Wednesday, the company said its board will file an intention to appoint insolvency firm FTS Recovery as administrators, with a goal to either refinance the companys existing debt or find a…
Published 21 June 2023 A new debt management policy to support the recovery of money owed to West Dunbartonshire schools is being introduced. The policy will ensure the 1,219 pupils and families with debt of 47,905 will receive additional support, including signposting to the Councils Working4U service. A report to the Educational Services committee this…
Citizens Advice The Citizen’s Advice offer advice and guidance on debt problems, how to avoid losing your home and how to get your finances back into shape. Find out more at Citizens Advice Stepchange A national charity that provides free debt advice and debt management plans (DMP). Find out more at Stepchange National Debtline They offer…
By Marc Jones LONDON (Reuters) – Ukraine is likely to decide early next year whether to try and extend the current freeze on its international bond repayments or begin looking at potentially more complex alternatives, its top debt management chief said. Kyiv’s bondholders agreed last August to suspend Ukraine’s repayments for two years, but attention…
Source: Facebook One of Australias oldest chocolate brands has entered voluntary administration for a second time, with the rising cost of raw materials and shipping squeezing its margins. Ernest Hillier Chocolates was founded by English migrant Ernest Hillier in Sydney in 1914 and is thought to be Australias first chocolate manufacturer. Its Hilliers and Newmans…
Ernest Hillier, the iconic Australian chocolate brand that claims to be the country’s “longest continuously operating confectioner”, has collapsed. The Victorian-based company went into voluntary administration, attributing the decision to the rising cost of both raw materials and shipping. Twenty staff have been stood down as a result. Australian chocolate brand Ernest Hillier has gone…
* Ukraine debt chief sees new debt plan early next year * Roadmap on local bond payment repatriation due this month * Debt chief looking at creative debt-cutting examples By Marc Jones LONDON, June 21 (Reuters) – Ukraine is likely to decide early next year whether to try and extend the current freeze on its…
Mexican airline Interjet, the largest foreign buyer of the Russian regional jets Sukhoi Superjet SSJ-100, declared officially bankrupt. On May 31, an auction started in Mexico to sell the carriers assets, as reported by the Russian newspaper Kommersant. The total value of the auctioned movable property, including office equipment, is estimated at $105 million, with…