Associated Press reporter Richard Lardner kayaks to Sweetheart Island, off the coast of Yankeetown, Fla., on Aug. 5, 2023. Patrick Parker Walsh is serving five and half years in federal prison for stealing nearly $8 million in federal COVID-19 relief funds that he used, in part, to buy the island. Julio Aguilar | AP YANKEETOWN,…
DetailsCourt action has become an indispensable tool in debt recovery again after years on the sidelines as the ATO and banks chase company obligations dating back years. Insolvency specialist Jirsch Sutherland said companies were being reinstated to pursue legacy debts many of which predated the pandemic blindsiding directors who believed the liabilities had been shelved.…
DetailsListen to the article 4 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Acutus Medical is laying off approximately 160 employees in a restructuring that will leave it focused solely on meeting the manufacturing and distribution terms of its deal with Medtronic. The company went public in 2020, raising…
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DetailsProceedings have been initiated to commence a Court-supervised process to ensure the company’s stability, that the business continues critical services to customers, and to protect the interests of all stakeholders Crown Crest Leasing Group will receives a commitment for $15 Million in new financing to support business operations during the process This process will have…
DetailsJon Taylor Local people gathered in St Pauls church, Herne Hill, yesterday (9 November) to celebrate the achievement of local churches in helping 100 people in the Brixton area out of problem debt. Taking place during Talk Money Week, the event also saw the launch by Christians Against Poverty (CAP) of a new London-wide money…
DetailsAnthony Farrer, 35, who ran a consignment store in Beverly Hills, used money from the sale of customers luxury watches to finance a lavish lifestyle for himself, federal prosecutors said. The businessman collected the luxury watches from customers, promising them that he would sell the watches on consignment and take no more than a 5…
DetailsThe Insolvency and Bankruptcy Board of India (IBBI) on 18 September notified the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2023. This introduces a set of amendments to the regulations governing the insolvency resolution process for corporate entities in India. To facilitate smooth conduct of corporate insolvency…
DetailsCustomers of a collapsed building firm have been left fuming after airing out their concerns to the master franchisor months ago but being turned away. Last Friday, news.com.au reported that Western Australia-based RPH Australia Pty Ltd with the trading name GJ Gardner Perth West had gone into liquidation. The exact amount of its liabilities remains…
DetailsAcutus Medical, Inc. CARLSBAD, Calif., Nov. 08, 2023 (GLOBE NEWSWIRE) — Acutus Medical, Inc. (Acutus or the Company) (Nasdaq: AFIB), today announced a realignment of resources and corporate restructuring. Scott Huennekens, Chairman of Acutus, commented, Following an extensive strategic review by the Companys Board of Directors, we are taking the hard but necessary steps to…
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