Another Australian building company is in trouble, with Victorian-based builders Harmac Group calling in administrators. The firm on Wednesday confirmed they have gone into voluntary administration, but deny theyve collapsed, insisting theyll work with administrators Cor Cordis in order to complete current contracts. The administrators will examine four subsidiaries under the Harmac umbrella, including; Harmac…
Supplied/Stuff Tony Haines has a history of forging company and loan documents. Tony Haines kept secrets… big secrets. Like the hundreds of thousands of dollars held in his mate/business partners name after forging his signature. Then theres the forging of a company document to add his unsuspecting mother as a director, when Haines was going…
Ivan Hristov Fratev, 57 and Bradley Malone, 57, both from London, and Ryan William Moir, 34, from East Sussex, have been banned from running businesses for a total of 26 years, after each separately claimed 50,000 for their companies in breach of the loan scheme’s rules. Fratev was also given a 2-year suspended sentence with…
The tech layoffs are not over. Yesterday, T-Mobile notified employees they are laying off close to 5,000 employees, or just under 7% of the companys workforce, to streamline operations and allow for corporate structuring, reports GeekWire. The jobs are primarily corporate and back-office roles that are redundant or tied to systems or processes that will…
Key takeaways The average credit card debt owed by Gen Xers is over $7,000 higher than what other generations owe Credit card and overall debt can be managed and paid off by adopting effective tactics aimed at eliminating what you owe Proven strategies for reducing or eliminating credit card debt include reducing your spending, paying…
Chris Ferguson (Photo credit: R3) More and more businesses are “running out of road”, according to the North East chair of insolvency and restructuring trade body R3, as corporate insolvency figures continue to rise. Data for the second quarter of 2023 revealed an increase of 8.9 per cent on the number of corporate insolvencies during…
NEWS FLASH Adria Airways bankruptcy administrator has dropped proceedings to hold one of the former national airlines CEOs, Sven Kukelmelk, responsible for the companys collapse. Mr Kukelmelk from Estonia joined Adria just months before the airline declared bankruptcy and was the carrier’s CEO jointly with Holger Kowarsch. Last year, the bankruptcy administrator filed a 78-million-euro…
For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails When someone is drowning in debt, the promise of a quick fix may appear very attractive. According to recent Bank of England figures, net consumer credit borrowing increased…
Property owners in Florida will now have a choice of four new insurers this year after the Orion180 Select Insurance Company and Orion180 Insurance Company were approved Tuesday by the Florida Office of Insurance Regulation (OIR). They will join Mainsail Insurance Company, which was approved in August, and Tailrow Insurance Company, approved in April. OIR…
Card chain Clintons is set to close 38 shops in a bid to avoid insolvency, according to reports (Alamy/PA) Clintons Cards appears to be safe from collapse for at least the next 12 months, after an insolvency court approved a restructuring plan that allows the retailer to escape full payment of business rates and rent…