Supplied Xeros loss was largely the result of restructuring costs and a write-down in the value of a business it bought in 2021. Small business accounting services company Xero has reported an after tax loss of A$113.5 million (NZ$121m), despite a 28% increasing in its earnings. The net loss for the 12 months to the…
DetailsThe Insolvency Service Updated 16 May 2023 Contents Summary Background Survey Results and response Print this page Crown copyright 2023 This publication is licensed under the terms of the Open Government Licence v3.0 except where otherwise stated. To view this licence, visit nationalarchives.gov.uk/doc/open-government-licence/version/3 or write to the Information Policy Team, The National Archives, Kew, London…
DetailsWASHINGTON — Work requirements for federal aid programs have emerged as a sticking point in ongoing negotiations over raising the nations debt ceiling, and President Joe Biden has signaled openness to a possible compromise even as many in his party have balked. Legislation passed by the House in April would impose new or expanded work…
DetailsIn short: Tasmanian company Multi-Res Builders was placed in liquidation on Sunday What’s next?: The liquidator says it will know in the next few days how many businesses, home owners and creditors are affected Liquidators are investigating how many contractors have been left unpaid and homes left unfinished after the collapse of a Tasmanian building company.…
DetailsWASHINGTON, May 17 (Reuters) – President Joe Biden and top U.S. congressional Republican Kevin McCarthy on Wednesday underscored their determination to reach a deal soon to raise the federal government’s $31.4 trillion debt ceiling and avoid an economically catastrophic default. After a monthslong standoff, the Democratic president and the speaker of the House of Representatives…
DetailsDistraught Julia Horton is deep in debt, owing money to a load of banks and store cards. Since April 2020 she has been paying 162 a month to a firm called Clear Start Accountants to supposedly deal with her money woes. Her creditors get 122 of the monthly payments while Clear Start keeps 40, and…
DetailsThe bankruptcy court has dismissed an application filed by IDBI Trusteeship Services Ltd to initiate the corporate insolvency resolution process (CIRP) against Dish TV‘s promoter group company Direct Media Distribution Ventures Pvt Ltd. Former Dish TV chairman and MD Jawahar Goel, along with his family, is a promoter of Dish TV. Goel is Essel Group…
DetailsCompany emerges with significantly deleveraged balance sheet, ~$875 million of liquidity, and having achieved previously announced leadership transition HOUSTON, May 17, 2023 /PRNewswire/ — Talen Energy Corporation (“Talen” or “the Company”) announced today that it, along with its applicable debtor subsidiaries, has successfully consummated the strategic transactions contemplated by its chapter 11 plan of reorganization…
DetailsFormer Manchester United and England defender Wes Brown has been declared bankrupt, according to a report from the Daily Mirror. HMRC filed a bankruptcy petition against the former England international at the end of February. The High Court then confirmed the action on April 12 and the order was made public earlier this week. The…
DetailsWhat do the Voyager and Bittrex bankruptcies mean for your crypto?10’000 Hours/Getty Images Redeem now Our experts answer readers’ investing questions and write unbiased product reviews (here’s how we assess investing products). Paid non-client promotion: In some cases, we receive a commission from our partners. Our opinions are always our own. Two crypto platforms, Voyager…
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