World Rugby has announced the appointment of City Football Group Finance Director Neil Hitchen to lead the finance function, replacing former Chief Financial Officer Robert Brophy who stepped down in June. Hitchen will join the business in September, an exciting time for the sport with Rugby World Cup 2023 getting underway in France. The…
DetailsProterra, the Democrat-connected electric bus manufacturer heavily promoted by the Biden Whitehouse and funded by taxpayers, filed for bankruptcy Monday, much like several green energy boondoggles did during the Obama era. The California-based company reportedly filed a voluntary Chapter 11 reorganization under the U.S. Bankruptcy Code to strengthen its financial position and said it would…
DetailsYet another building company has collapsed, becoming one more casualty amid an industry-wide crisis. NSW-based Rescon Builders Pty Ltd, which was trading as Rescon Granny Flats, went into voluntary administration at the end of June. As its name suggests, the builder specialised in granny flats and worked on projects across Sydney, and the NSW south…
DetailsBourkeHood founder Jason Hood. Source: Supplied Fast-growing research and development tax advisory BourkeHood has entered voluntary administration, with its high-profile founder highlighting cashflow challenges at the firm. On Thursday, KordaMentha announced Kate Conneely and Rahul Goyal were appointed as voluntary administrators for BourkeHood Pty Ltd, trading as BourkeHood. In a statement shared by KordaMentha, BourkeHood…
DetailsElaine Wilcox There were 2,163 registered company insolvencies in June 2023, according to the latest figures from the Insolvency Service. While this was fewer than the 2,552 recorded in May, it shows a 27 per cent rise year on year, with 1,688 registered in June 2022. Figures from June 2023 included 260 compulsory liquidations 77…
DetailsAnother lessor has commenced insolvency proceedings against SpiceJet (SG, Delhi International), with Celestial Aviation Services Limited (UK) lodging a petition at India’s National Company Law Tribunal (NCLT) to try to push the beleaguered carrier into the corporate insolvency resolution process (CIRP). NCLT records indicate Celestial filed its insolvency petition on June 3, 2023. The case,…
DetailsThe sports betting world exploded Tuesday when ESPN announced it had forged a deal with PENN Entertainment to license its brand as a sportsbook. The deal to create ESPN Bet worth $1.5 billion in cash over the first 10 years, in addition to $500 million in stock warrants isn’t necessarily what caused all the commotion.…
DetailsOn August 3, 2023, Freedom Debt Relief, LLC filed a notice of data breach with the Attorney General of Montana after discovering that certain documents containing confidential consumer information were subject to unauthorized access. Freedom Debt Relief explains that the incident resulted in an unauthorized party being able to access consumers sensitive information, which includes…
DetailsThe crisis is a long way from the boasts of former European Commission President Jean-Claude Juncker who once boasted the single currency was “the EU’s greatest achievement.” Mr Lyddon now points out Germany’s credit rating is all that stands between the Euro and collapse. In reference to France’s rating tumbling, he said: “Even that is…
Details1. Debt consolidation Debt consolidation is a good idea if you have a bunch of unpaid credit card balances across a few different cards. Basically, you take out a personal loan that covers a portion of all of your balances and then make monthly payments on that one loan. This helps to streamline your credit…
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