Charaka Society’s administrators say they have written to Karnataka Chief Minister BS Yediyurappa asking for Rs 97 lakh promised by successive state governments for various joint projects to be paid to them. The 25-year-old Charaka Society, which supports hundreds of handloom weavers in Heggodu village of Karnataka’s Shivamogga district, was declared insolvent on August 28,…
Thursday, 3 September 2020, 12:55 pmPress Release: Chartered Accountants Australia and New Zealand Key points: Some businesses that would have closed their doors under normal circumstances are hanging on thanks to COVID measures. These businesses should get financial advice immediately or risk a bigger crash when the support measures end A new insolvency regulatory regime…
When Archie Jafree heard that Lord & Taylor filed for Chapter 11 bankruptcy in early August, he was sad about the fate of the storied retailer with roots dating back to 1824. Still, the 36-year-old northern Virginia resident acknowledged he hadnt shopped there in months, preferring instead to go to Nordstrom and Zara, where he…
The latest headlines in your inbox twice a day Monday – Friday plus breaking news updates Tennis legend Boris Becker is facing a string of criminal charges over claims he failed to cooperate with his bankruptcy proceedings. The 52-year-old Grand Slam champion was declared bankrupt in June 2017, and last year faced claims that he…
News Philly’s most successful dining mogul insists the brand is still strong. And I’m inclined to believe him. Get a compelling long read and must-have lifestyle tips in your inbox every Sunday morning great with coffee! Stephen Starr, who just declared bankruptcy on one of his restaurants, and daughter Sarah Starr, who works for his…
The Australian federal government, like many governments across the globe, has enacted temporary legislative changes to provide relief for businesses that have been impacted by the economic effects of the covid-19 pandemic. In order to facilitate continued business operations, the changes provide companies with breathing space to respond to demands from creditors for overdue debts…
ALLAN Endresz has revealed an extraordinary plan to hire private security to keep a watchful eye on his star galloper Alligator Blood during the Sydney spring carnival. Alligator Blood has quickly established a cult following after winning nine of 12 career starts and will be a major drawcard during the spring with the $7.5m Golden…
A Brisbane banker driven to the wall by a failed investment in a once prominent Darling Downs restaurant used his position at a Logan bank to forge a $23,000 cheque to satisfy a family friend hounding him for repayment of a personal loan. Parkinson man Andrew Stanley Bauer, 51, a former consultant with Suncorp Browns…
The Pension Loans Scheme is a federal government initiative to help Australian retirees to supplement their income. Many Australian retirees have the bulk of their assets tied up in residential property. They are often said to be asset rich but cash poor. Australian property prices have had a strong record of growth over the past…
A Brisbane banker driven to the wall by a failed investment in a once prominent Darling Downs restaurant used his position at a Logan bank to forge a $23,000 cheque to satisfy a family friend hounding him for repayment of a personal loan. Parkinson man Andrew Stanley Bauer, 51, a former consultant with Suncorp Browns…