Austrian real estate, media and retail investor and founder of Signa Holding Rene Benko is seen prior to the Formula One Austrian Grand Prix at the Red Bull race track in Spielberg, Austria on July 2, 2023. Georg Hochmuth | Afp | Getty Images Rene Benko, the fallen property tycoon whose Signa empire toppled in…
The Insolvency Service has begun legal action to have Lex Greensill disqualified from running companies for up to 15 years after the outcome of an investigation into the directors of his failed finance firm. The government agency said it had issued disqualification proceedings on behalf of the business secretary against the former Australian sugar farmer,…
Mar 8, 2024 5.18am Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Subscribe now Already a subscriber? London | Britains insolvency service has launched a court action to ban fallen Australian financier Lex Greensill from running or controlling any company for 15 years the toughest possible…
A new program to provide relief from medical debt was announced Thursday by Wayne County Executive Warren C. Evans, who said it had caused financial hardship for up to 300,000 county residents. I am pleased to have the opportunity to implement a program that could help lift the burden of medical debt that has weighed…
Staff realised it was no ordinary day at work when they turned up at their Melbourne offices to find they could no longer access the building. Men in suits told them the company had gone into administration and it was now under their control. The locks had been changed. For a few days, the 20…
Australian inverter and battery company Redback Technologies is working to secure new investment after entering into voluntary administration this week. March 8, 2024 Bella Peacock Brisbane-based inverter and battery company Redback Technologies has entered voluntary administration and is now actively seeking new investment. McGrathNicol Restructuring has been appointed as voluntary administrators of Redback Operations Pty…
As state and local governments continue to struggle to hire and retain workers, one solution to the problem could be to help reduce or cancel student debt, according to a recent report by the MissionSquare Research Institute, a nonprofit that studies government workforce issues. In a survey conducted in 2022 of more than 1,000 state…
The Insolvency Service confirms the outcome of its investigation into the directors of the collapsed Greensill group of companies. A spokesperson for the Insolvency Service said: We can confirm that the Insolvency Service has commenced director disqualification proceedings against Alexander (Lex) Greensill to have him disqualified from running or controlling companies for a period of…
Not only are there safe debt relief services available, they may be able to save you money and get you out of debt faster. Getty Images/iStockphoto Credit card debt is a growing concern in the U.S., with total credit card balances rising by $50 billion to $1.13 trillion in the fourth quarter of 2023. This…
Austrian investor Rene Benko, founder of the Signa property and retail group and one of Austria‘s richest men, has filed for insolvency, a spokesperson for the Innsbruck regional court confirmed on Thursday. The move comes after the Austrian state prosecutor filed an insolvency petition against the 46-year-old at the end of January, accusing Benko of…