A leading manufacturer behind Australia’s most popular household cleaning products, skincare and cosmetics has collapsed, resulting in the sacking of 120 staff. Hiro Brands produces a range of products including Orange Power, Trix, Mud Beauty and Billie Goat skin care. The company entered voluntary administration on January 2, with KPMG Australia’s David Hardy, James Dampney…
Australian brand manufacturer Hiro Brands has entered voluntary administration, leaving 120 staff without work. The brand, responsible for a range of well-known Australian products including cleaning, personal care and cosmetics products, entered administration on January 2. Hiro Brands manufactures, distributes and markets popular brands including Organic Choice, Orange Power, Aware Sensitive, Trix, ulta3, MUD, Billie…
The number of corporate insolvencies ticked back up to pre-pandemic levels last year, with companies in the services sector, hospitality and construction among the hardest hit, new figures show. According to the latest insolvency and restructuring statistics from accounting firm Deloitte Ireland, there were 663 corporate insolvencies in 2023 representing a 25% increase on 2022.…
LordHenriVoton/Getty Images Key takeaways Using a personal loan to pay your holiday credit cards off will give you one fixed-rate payment that’s easy to track. Replacing credit card debt with a personal loan may improve your credit score if you don’t open any new cards and dont continue using the open ones. You can potentially…
[co-author: Hadar Eilon] The Insolvency and Financial Rehabilitation Law came into effect in 2019. The new law added a new cause of action for imposing personal liability on a director or CEO of a corporation in insolvency in respect of damages caused to the corporation and to its creditors, insofar as such directors and officers…
A German local court has opened a regular insolvency proceeding against communications technology company Gigaset AG, Europes market leader for wireless phones, raising questions as to how or whether the struggling company will be restructured. The Mnster Local Court (Amtsgericht Mnster) in North Rhine-Westphalia opened ordinary insolvency proceedings against Gigaset AG, German news outlets reported…
The holidays are over. Now its time to survey the financial damage. Dont panic, but come up with a plan to be debt-free in 2024. MMI is here to help with the first step. – Thomas Nitzsche, MMI STAFFORD, Texas, Jan. 03, 2024 (GLOBE NEWSWIRE) — Money Management International (MMI) wants consumers to know it…
You don’t have to live with overwhelming credit card debt. You have options. Getty Images Credit card debt is nothing new. According to the U.S. Government Accountability Office, more than eight out of 10 adult Americans have at least one credit card in their wallets. But what happens when your credit card debt gets out…
Abdulla Al-Humaidi, a key backer of the troubled London Resort, a proposed theme park in Kent, UK, was declared bankrupt at a recent High Court hearing. The Kuwaiti businessman resigned from the London Resort board last year but previously served as director of London Resort Company Holdings (LRCH). Located on the Swanscombe Peninsula in Kent,…
This is an audio transcript of the Money Clinic podcast episode: How to get on top of your debts in 2024 Claer BarrettHi, its Claer here. Youre used to hearing me on Money Clinic, but now you can find me in your inbox, teaching you everything you need to know about money with my new…