In 2023, we saw an increase in both voluntary administration and receivership appointments in Australia. In the context of Australia’s economic climate this was unsurprising debtor companies were grappling with volatile markets, supply chain disruptions and uncertain economic conditions, and secured lenders were invoking either or both of these regimes as a means of protecting…
DetailsSo weighed down have Americans become by student debt, and so potent a political issue has it become in the US, that President Joe Biden plans to waive interest or write off money owing by 30 million of them. He is doing it bit by bit, in the face of resistance from the US Supreme Court. He has…
DetailsSo weighed down have Americans become by student debt, and so potent a political issue has it become in the US, that President Biden plans to waive interest or write off money owing by 30 million of them. He is doing it bit by bit, in the face of resistance from the US Supreme Court.…
DetailsRicky Nixon could be flat broke by the end of the week Development comes after he was hit with new criminal charges Nixon is accused of selling fake footy merchandise By Ollie Lewis Published: 07:07 AEST, 17 April 2024 | Updated: 07:07 AEST, 17 April 2024 Former footy agent Ricky … Read the full article…
DetailsEast Imperial, the New Zealand producer of ultra-premium mixers, has been forced into rescue discussions that will probably see it fall into liquidation or administration. The company, which is listed on the London Stock market, has been unable to meet the recall of a 2m+ convertible note. At the end of last week East Imperial…
DetailsIn his new book Now that I Have Your Attention, 32-year-old Nicolas Hamilton, brother of renowned Formula 1 driver Lewis Hamilton, openly discusses the extent of his gambling problem. This not only put his financial stability at risk, but also led him to face severe depression and consider suicide. Nicolas reveals in his book that…
DetailsThe US Bankruptcy Court for the Southern District of Texas has approved a Chapter 11 restructuring plan for Instant Brands, the company announced in late February. Under the terms of the plan, Instant Brands will reorganise its housewares business under new lender-controlled ownership. As part of the restructuring, Instant Brands lenders will offer financing to…
DetailsAn innocent bet placed on the football when Simon* was 19 quickly spiralled into a crippling gambling addiction. Now 41, he explains how he overcame the devastating obsession that cost him his fiance, his job and his freedom. Simon* used to gamble 24 hours a day, seven days a week. Posed by model. (Getty Images)…
DetailsUK fashion retailer Superdry has warned it could go bust unless it launches a sweeping restructuring plan and said it would delist from the London stock market, sending its shares down by more than a quarter. The chain is seeking rent reductions on 39 of its about 100 UK stores to be able to stay…
DetailsFormer glamour model Katie Price has been declared bankrupt for a second time over an unpaid tax bill of more than 750,000. Ms Price, who was previously declared bankrupt in 2019, owes 761,994.05 to HM Revenue and Customs (HMRC), a court was told on Monday. At a short hearing at London’s Rolls Building, Insolvency and…
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