Staff have been left fuming after an arm of a major hospitality chain collapsed into liquidation owing them thousands of dollars while other parts of the business continue to operate. Last week, news.com.au reported that Melbourne-based Legacy Hospitality Group Pty Ltd went into voluntary liquidation. It had debts of $1.725 million, the bulk of it…
SINGAPORE: Persistently high interest rates are putting stress on corporate balance sheets and leaving increasing numbers of firms here and across the region at risk of bankruptcy, according to a new report and experts. The report noted that high interest rates have created an unfavourable borrowing environment, operational challenges and dented consumer spending. These have…
Growing brand value and increasing market awareness activities are top of Mike Johnsons priority list as the new group CEO of Molico. Photo: Molico. Molico has named Mike Johnson as its new CEO and opened a Canberra office following the announcement of a business restructuring in October. Mr Johnson said he looked forward to the…
KATIE Price has revealed she’ll star in another panto this Christmas – but it’s not a typical family friendly one. It was previously revealed the former glamour model will appear in the M&S Bank Arena’s production of Sleeping Beauty in Liverpool for the festive period. Katie revealed she’s set to star in a racy adults…
Statistics on new company insolvencies in England and Wales, and related statistics for Scotland and Northern Ireland Get emails about this page Documents Commentary – Company Insolvency Statistics July to September 2023 HTML Infographic – Company Insolvency Statistics July to September 2023 PDF, 367 KB, 1 page This file may not be suitable for users…
The Iowa Superintendent of Banking has closed a Sac City bank the first bank closing in Iowa since 2011. Citizens Bank in Sac City opened in 1929. According to a news release issued Friday night by the Iowa Banking Division, the bank was declared insolvent after bank examiners identified significant loan losses that previously had…
When unmanageable debt has you in a bear hug, you’ll probably do anything to wriggle free including striking a deal with your creditors to reduce how much you have to pay. Debt settlement involves negotiating with your creditors to reduce the amount you owe, often with the help of a third-party company. Having someone lighten…