A KPMG UK spokesperson said: Our industry-leading restructuring business has an established track record of advising on some of the highest profile and most complex projects across the UK. However, in recent years we have seen the dynamics of the UK insolvency and restructuring market change. As a result, we have concluded that now is…
DetailsThree days after the 2020 presidential race was called for Joe Biden, Democrats are already discussing the possibility of canceling or reducing student loan debt. Senate minority leader Chuck Schumer reiterated his support for a proposal to cancel up to $50,000 in student debt in a recent interview, urging Biden to make the issue a…
DetailsA couple whose company provided security for the Corrib gas pipeline in Co Mayo have been declared bankrupt by the High Court. James and Grainne Farrell were majority (58 per cent) shareholders in Business Mobile Security Services Ltd (BMSS) which, among its services, supplied security personnel to Shell during the construction of the pipeline and…
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Has money got you worrying? Has poor mental wellbeing got you neglecting your finances? The link between money and mental health is a complicated one. But, for most of us, it does exist. More recently, the COVID-19 pandemic has intensified money worries for many people. It’s unsurprising that during such uncertain times making financial decisions…
DetailsHOUSTON, Nov. 10, 2020 /PRNewswire/ –Luby’s, Inc. (NYSE: LUB) (the “Company”) today announced that Institutional Shareholder Services Inc. (“ISS”), a leading proxy voting advisory firm, has recommended that Luby’s stockholders vote in favor of the Company’s Plan of Liquidation and Dissolution (the “Plan”). In recommending “FOR” the Plan, ISS noted that1: “The board appears to…
DetailsEleanor Temple chair of trade body R3 Months after the initial lockdown, it has become clear that the pandemic will create long-term or even lasting changes that will mean some businesses are no longer viable. As the Government gradually withdraws the support packages available, it is vital that managers assess their business in light of…
DetailsSTA, 10 November 2020 – During the coronavirus epidemic, there were fewer cases of bankruptcies among companies compared to last year, show data by the AJPES agency for legal records. In the first nine months of 2020, a total of 845 companies went bankrupt, down 16% on the same period in 2019 and a 21%…
DetailsMember Article Months after the initial lockdown, it has become clear that the pandemic will create long-term or even lasting changes that will mean some businesses are no longer viable. As the Government gradually withdraws the support packages available, it is vital that managers assess their business in light of the new normal. The sooner…
DetailsIMAGES VIA ALICE MCCALL WORDS BY JULIETTE CAPOMOLLA Another one bites the dust. In another blow to Australias fashion industry, popular Australian designer Alice McCall announced yesterday that her brand will be entering into voluntary administration. In a statement, McCall attributed the downfall of the brand to the coronavirus pandemic and unsustainable brick-and-mortar operations. Designers…
DetailsA Sydney man who kidnapped a Gold Coast child to recover a $5.5 million gambling debt from the boy’s father has been sentenced to seven years’ jail. Key points: Zhen Jie Zhang kidnapped the 12-year-old son of a gambling associate who owed him money He offered an apology to the boy and his family, saying…
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