Building companies are falling like dominoes and yet another one has been added to the heap as it became the latest victim of the crisis on Tuesday. Perth-based builder Flexible Homes Pty Ltd went into voluntary administration on Tuesday, according to a notice filed with the Australian Securities and Investments Commission (ASIC). Gregory Quin and…
DetailsThree years after receiving a pandemic relief loan, the trucking company Yellow has repaid little of the money and is warning that it could soon run out of cash. A beleaguered trucking business that received a $700 million pandemic-era loan from the federal government may be forced to file for bankruptcy protection this summer amid…
DetailsSupreme Court set to issue rulings that could impact student loan debt and college admissions Supreme Court set to issue rulings that could impact student loan debt and college admissions 02:15 The finances of about 40 million Americans with college loans are hanging in the balance as borrowers await the Supreme Court’s ruling on the…
DetailsA controversial former politician who had thousands of dollars worth of cash hidden in a cupboard after he was declared bankrupt has denied forging documents in court. Former Auburn deputy mayor Salim Mehajer wore a navy suit and patterned blue tie as he appeared in the NSW District Court on Tuesday facing a fraud trial.…
DetailsCreated: Jun 27, 2023 05:07 PM Denis O’Brien, founder and chairman of the Digicel Group (File photograph) Corporate restructuring under Bermuda law appears to have given the Digicel Group a new lease on life, allowing the telecom provider to continue operations as usual. Bond investors signed a deal that strips founder and chairman Denis O’Brien…
DetailsAs inflation spiked over the last two years, almost half of Americans have taken to relying more on credit cards to make ends meet. A survey of 1,000 U.S. adults conducted by consumer website Debt.com finds 45% of Americans have been pushed by inflation to use their credit cards far more frequently. In the last…
DetailsIn a first for the country’s bankruptcy resolution regime, the insolvency regulator has prepared a “common panel” of 400 insolvency professionals (IPs) from those registered with it. The Insolvency and Bankruptcy Board of India (IBBI) will share the list with the adjudicating authority to choose from to oversee cases of resolution or liquidation from July…
DetailsPerth Foodbank says March this year was its busiest month on record. The 66 volunteers at Cutlog Vennel, Perth and at a sister centre in Blairgowrie fed 1171 people that month and the number of people provided with food in the financial year 22/23 was up by 2028 referrals a rise of 30 per cent…
DetailsHi-Rez Studios has recently undergone a restructuring to “focus the business around its top priorities.” On LinkedIn, CEO Stewart Chisam wrote that the studio will now be split across three branches that will operate as independent studios of the newly rebranded Hi-Rez Ventures. Layoffs have also been part of the restructure, though Chisam did not disclose how…
DetailsPresident Joe Biden announced in 2022 that he would use executive action to forgive many government student loans. The move was meant to alleviate the weight of $1.8 trillion in federal education debt, a figure that has more than tripled in the last 15 years. But the plan faces two challenges before the Supreme Court,…
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