Normal text sizeLarger text sizeVery large text size Former coal magnate-turned-discharged bankrupt Nathan Tinkler looks to have found a buyer for his Sapphire Beach estate, north of Coffs Harbour, but with a 15 per cent discount to his $30 million asking price. Sothebys selling agent James McCowan said earlier this week that the property had…
DetailsThis week, the board of directors agreed to a contract with Aptus Financial to help employees with loan debt. LITTLE ROCK, Ark. The City of Little Rock is hoping to help its employees get assistance with student loan debt. This week, the board of directors passed an ordinance to work with a local company to…
DetailsAug 11, 2023 1.18pm A biotechnology chief executive who earned more than $10 million from now collapsed life-science companies has declared himself bankrupt and left Australia. iQ Group Global founder George Syrmalis owes more than $5.4 million $4.3 million to the Australian Taxation Office and almost $665,000 on credit cards according to his own bankruptcy…
DetailsCompany directors are increasingly calling time on their businesses as they become overwhelmed by higher interest rates, inflated energy costs and a pushback against unpaid tax from HM Revenue & Customs. The Insolvency Service found that the number of companies declared insolvent rose by 27 per cent to 2,163 in June. The figures indicate the…
DetailsNormal text sizeLarger text sizeVery large text size NSW Treasurer Daniel Mookhey will defer the full implementation of poker machine duty rates until the end of the decade, offering the cash-strapped Star Entertainment Group respite less than two weeks before the casino giant unveils its full-year results. After months of deliberation over a controversial tax…
DetailsThe Australian Financial Security Authority will sharpen its regulatory posture to maximise its impact as personal insolvencies head back towards pre-pandemic levels, chief executive Tim Beresford says. He said a modernisation program was underway that would make it simpler for most bankrupts typically consumers involving small amounts to go through administration so the AFSA could…
DetailsBy: Josh Sens August 10, 2023 Phil Mickelson at Medinah ahead of the 2012 Ryder Cup. Getty Images Its not news that Phil Mickelson liked to gamble. Its also not news that his betting led to staggering losses. Those losses had been previously reported in the neighborhood of $40 million. But a former Mickelson associate…
DetailsGolfer Phil Mickelson wagered more than $1 billion and lost more than $100 million on sporting events over the past three decades and attempted to place a bet on a Ryder Cup he was playing in, professional gambler Billy Walters claims in a book that will be published Aug. 23. In a book excerpt published…
DetailsBudget homes and gardens retailer Wilko has fallen into administration after failing to secure a rescue deal. A Wilko location on Kensington High Street in London England (AFP) Wilko, a British household products retailer, declared bankruptcy on Thursday due to large debts, its head announced. The closure affects about 12,000 employees as rising inflation and…
DetailsWalt Disney and Co. (DIS) lost about 12 million Disney+ streaming subscribers, took a big hit due to restructuring costs, and missed revenue projections, but its third-quarter earnings per share beat analysts’ expectations. Key Takeaways Disney reported earnings per share (EPS) of $1.03 per share, topping expectations of 95 cents a share. Revenue was 4%…
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