Montego Homes Enters Voluntary Administration Amidst Economic Pressures The Victoria-based construction company, Montego Homes, has entered voluntary administration causing a sudden halt to all its 18 ongoing projects. The immediate suspension has left around 90 customers amidst uncertainty and resulted in 11 employees losing their jobs. The administration firm, Cor Cordis, was appointed on Monday…
This past fall, with student loan payments set to resume after the pandemic pause, dread was setting in. My pre-pandemic monthly payments had been a crippling burden that made saving money impossible; the pause was a lifeline that had allowed me to pursue a graduate degree and open my first-ever savings account. For more than…
A building company has appointed administrators and all work has urgently been paused, plunging nearly 100 homeowners into limbo. On Monday, Victorian-based building firm Montego Homes Pty Ltd went into voluntary administration. Sam Kaso and Shaun Matthews of insolvency firm Cor Cordis have been appointed as the administrators and halted all constructed work while they…
Press Release | Black Press Ltd. Black Press Ltd. and certain of its subsidiaries, have announced that it obtained an Initial Order on Jan. 15 under the Companies’ Creditors Arrangement Act (CCAA) from the Supreme Court of British Columbia in Vancouver. The Initial Order provides for, among other things, a stay of proceedings in favor of…
By Daily Mail Australia Reporter Published: 08:10 AEDT, 17 January 2024 | Updated: 08:34 AEDT, 17 January 2024 Another building firm has gone into voluntary administration immediately putting a pause on all projects. Victorian-based Montego Homes appointed Cor Cordis as administ… Read the full article at: https://www.dailymail.co.uk/news/article-12971033/Montego-Homes-goes-administration-Victorian-construction-company-hits-pause-projects.html
If you’re facing a mountain of past-due notices and are considering debt relief, make sure you know what you should and shouldn’t do first. Getty Images Dealing with debt can be a challenging and overwhelming experience no matter how much you owe. Whether it’s credit card balances, student loans or medical bills, the burden of…
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 The Insolvency Service is looking into concerns around the potential mis-selling of IVAs (individual voluntary arrangements). The service said it wants to understand the experience of some consumers…
Superdry (Getty) Superdry has drafted in advisors to help explore its debt-raising options, following a profit-warning posted last month by the firm. The ailing British retailer is said to be in talks with big four firm PwC, according to reports in Sky News Mark Kleinman, This comes just one month after it posted a 13…
Addressing the Business Roundtable organized by BOI Sri Lanka and the Swiss-Asian Chamber of Commerce yesterday, during his official tour to Switzerland to attend the 54th Annual Meeting of the World Economic Forum, President Ranil Wickremesinghe highlighted significant strides in Sri Lankas economic recovery and outlined future growth prospects. President Wickremesinghe began by acknowledging the…
The monthly insolvency statistics have been released for the month of December 2023. This article explores the findings. Company Insolvencies December 2023 saw 2,002 registered company insolvencies through England and Wales. This is an increase of 2% when compared to the amount registered in the same month of 2022. This is also higher than figures…