Recently we learned that two mall real estate investment trusts, or REITs, declared bankruptcy after the COVID-19 pandemic decimated their already-fragile businesses. Pennsylvania Real Estate Investment Trust (NYSE:PEI) and CBL & Associates (NYSE:CBL) were the first two victims of the pandemic, but will there be others in the mall REIT space? In this Fool Livevideo…
DetailsThe Link Between Money And Mental Health Lockdowns around Australia have eased but restrictions are still in place to keep the unprecedented COVID-19 pandemic at bay. Both are affecting many of our nation’s small businesses, with experts predicting there will be a tidal wave of insolvencies when JobKeeper ends in March. And if that’s not…
DetailsThe Indian label has been suffering from financial troubles for years and is now facing legal action from vendors and employees alleging unpaid wages,according to a report by the New York Times. Earlier this year, Arora parted ways with his long-time business partner Deepak Bhagwani, who told the NYT that thebrandsFrench holding company went into…
DetailsThere are growing fears about the number of zombie companies being artificially propped up by wide-ranging government support and the damage they could do to other small businesses. Data from the Australian Securities and Investments Commission shows the number of companies entering administration in WA in September was down almost 42 per cent on last…
DetailsA home previously owned by MEP Mick Wallace which was the subject of legal proceedings after he was declared bankrupt has gone sale agreed. AIB placed his Clontarf home on the market after repossessing the property over unpaid mortgage debts. No 13 Clontarf Road, a three-bedroom bungalow in Dublin, had a price tag of 725,000…
DetailsMember Article Corporate insolvencies decreased to 856 in October 2020 compared to Septembers figure of 925, and remained well below October 2019s figure of 1,485. Personal insolvencies increased to 11,939 in October 2020 compared to Septembers figure of 7,458, and were higher than October 2019s figure of 10,030. Eleanor Temple, chair of the insolvency and…
DetailsMonday, 16 November 2020, 4:02 pmPress Release: Bayleys Realty Group A Kiwi-designed tourism and hospitality software system and business has been placed on the market for sale by its liquidators Lynda Smart and Geoff Brown of Rodgers Reidy. The business and IT software system allow small-to-medium sized tourism and hospitality operators to take third-party on-line…
DetailsRelated Articles GamCare has shown its support for the Money & Pensions Services (MaPS) annual Talk Money Week (#TalkMoney) national campaign, which encouraged the general public to openly speak about their personal finances. Hosted from 9-13 November, the #TalkMoney campaign placed financial concerns related to problem gambling as a key topic, as the public finance…
DetailsApproached by The Australian Financial Review to comment, Mr Porter said: “The government is considering Australias personal insolvency settings to make sure they best support our economic recovery from the impacts of COVID-19, including considering the default bankruptcy period. “The nature of the personal insolvency system, and the bankruptcy default period, is that it necessarily…
DetailsThe flagship exhibition brings together three distinct curatorial visions across the premier art spaces of the MCA, Carriageworks, and the Art Gallery of NSW. Since it was launched in 2017, the biennial exhibition has aimed to nurture emerging, mid-career, and established artists from across Australia while introducing them to new audiences. Some of the exhibition’s…
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