A former general manager of the Adelaide Remand Centre who stole more than $100,000 in cash from prisonersgambled away $1 million about the same time as the theft, an Adelaide court has heard. Key points: Brenton Williams stole $112,000 from a safe at the Adelaide Remand Centre At about the same time, he gambled more…
Two more Western Australian building firms have collapsed amid rising construction costs which are causing companies to go bust. WA Housing Group, founded in 2019, is a building company based in perth specialising in custom builds and renovations. The company entered voluntary liquidation in December 2022 and GTS advisory was appointed as liquidator. READ MORE:…
Text size US firm Recharge Industries on Wednesday said it was making a cash bid for Britishvolt, a UK firm behind a planned gigafactory for electric vehicle batteries that declared bankruptcy last week. The start-up, championed by former prime minister Boris Johnson to help drive a greener economy, had been developing the multi-billion-pound project in…
Eleanor Temple, chair of the insolvency and restructuring trade body R3 in Yorkshire Corporate insolvencies fell 3.25% in December 2022 to a total of 1,964 compared to Novembers total of 2,029. They were 31.9% higher than in December 2021 (1,489) and 75.5% higher than December 2019 (1,119). Personal insolvencies decreased by 20.4% to 8,339 in…
Louisiana lawmakers are headed back to the capitol months ahead of schedule. On Monday they will gavel in a seven-day special session with one agenda item to set aside $45 million for cash incentives to lure insurance companies back to the state. Insurance Commissioner Jim Donelon says its an essential step in addressing the states…
New York should provide unemployment debt relief to businesses who are shouldering the added costs of the COVID pandemic shutdown from spring 2020, the New York Farm Bureau on Tuesday said. The organization released its goals for the 2023 legislative session in Albany with the ongoing controversy surrounding unemployment debt for businesses in New York…
One unfortunate consequence of the pandemic was that many workers became indebted. Now, they have trouble making ends meet while also paying their debts. But the pandemic also spurred the rise of many new small and midsize businesses, which could be the perfect solution to the problem of worker debt. Six in ten employees admit…
New York should provide unemployment debt relief to businesses who are shouldering the added costs of the COVID pandemic shutdown from spring 2020, the New York Farm Bureau on Tuesday said. The organization released its goals for the 2023 legislative session in Albany with the ongoing controversy surrounding unemployment debt for businesses in New York…
Asian giants China and India are the biggest bilateral lenders to Sri Lanka, an island-nation of nearly 22 million people that is facing its worst economic crisis in seven decades. Representational image. AFP Colombo: Chinas Export-Import Bank has offered Sri Lanka a two-year moratorium on its existing debt and said it will support the countrys…
Corporate insolvencies – liquidations and receiverships – in Scotland for during the third quarter of last year increased by 13.3% year-on-year. The latest Accountancy in Bankruptcy (AiB) register data also showed that personal insolvency numbers – bankruptcies and protected trust deeds – in Scotland decreased by 4.9% year-on-year. The quarterly and yearly rise in corporate…