A credit card hardship program could be a smart way to get temporary relief from your high-interest debts, but there are other options to consider, too. Getty Images Right now, many people are finding themselves in a precarious financial position as they struggle to keep up with their high-interest credit card debt. And, much of…
DetailsAustralias biggest plastics and chemical manufacturer has been plunged into voluntary administration putting 700 jobs at risk across two states and creating fears for the countrys recycling abilities. The company called Qenos has been hit with multimillion-dollar losses and increased energy costs over the past couple of years and operates factories in Sydney and Melbourne.…
DetailsNCLAT sets aside Dream 11’s insolvency The National Company Law Appellate Tribunal (NCLAT) on April 18 set aside the corporate insolvency resolution process against Sporta Technologies, parent company of leading fantasy gaming platform Dream 11 and restored it to its pre-insolvency stage. The NCLAT held that the National Company Law Tribunal (NCLT) could not have…
DetailsGoji in Jamisontown. Share this story Asian restaurant Goji will continue to trade at the East Bank precinct in Jamisontown. It comes after Goji Modern Asian Cuisine Pty Ltd was placed into voluntary administration. Goji Penrith Pty Ltd began trading on April 15 and is now managing the restaurant on the site. Its understood the…
DetailsTroy Doyle Troy Doyle joins Rimon Law as partner and chair of the firms global restructuring group in Singapore. Doyle brings more than two decades of expertise in restructuring and insolvency across Asia, the US and the UK. His career includes senior positions at esteemed firms such as DLA Piper, Reed Smith and Gibson Dunn…
DetailsSystovi has gone into liquidation, as the commercial court in Nantes, France, has issued an order to do so, citing the solar panel manufacturers failure to find new investors, despite its 80 MW of panel manufacturing capacity. April 18, 2024 Gwnalle Deboutte From pv magazine France Systovi, a Cetih group subsidiary since 2018, said in…
DetailsBy Steve Williams For Daily Mail Australia Published: 14:59 AEST, 18 April 2024 | Updated: 15:33 AEST, 18 April 2024 Australia’s biggest plastics and chemical manufacturer has gone bust with some 700 jobs on the line. Qenos was plunged into voluntary administration on Wednesda… Read the full article at: https://www.dailymail.co.uk/news/article-13321967/Qenos-enters-voluntary-administration-One-Australias-biggest-manufacturers-goes-bust-putting-700-jobs-line.html
DetailsGoji in Jamisontown. Share this story Asian restaurant Goji is set to be thrown a lifeline after being placed into voluntary administration last Friday. The Penrith location of Goji sits on the banks of the Nepean River, with another location in George Street in the Sydney CBD. The restaurant closed its doors for two days…
DetailsBENGALURU Australias corporate regulator said on April 18 that it expected the number of companies falling into insolvency to reach an 11-year high, with the construction and hospitality industries the worst hit, according to its latest insolvency data. In the nine months to March 31, 7,742 companies had entered administration, up 36.2 per cent from…
DetailsApr 16, 2024 5.50pm Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Subscribe now Already a subscriber? Creditors of collapsed Western Sydney developer Toplace, which amassed debts of over $2 billion before founder and now fugitive Jean Nassif fled to Lebanon, voted on Tuesday to hold…
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