The stress of losing your life savings really muddles your thinking, Mr Russell said. His appearance is part of a stream of prosecution witnesses appearing in the case against Mr Gore, who has declared he is not guilty to the 12 fraud charges relating to $800,000 of investor funds. He was arrested in 2017 following…
DetailsLets remember something, positions in basketball are a fallacy. This isnt the NFL where players are designated to specific positions. Neither is it baseball. You wouldnt see a shortstop throw a pitch with a designated pitcher standing on the mound. Theres no goalkeeper either like youd see in soccer. Basketball is all about putting together…
DetailsMONTREAL SNC-Lavalin is selling its South African resources business as part of its corporate restructuring. MONTREAL SNC-Lavalin is selling its South African resources business as part of its corporate restructuring. The Montreal-based engineering and construction firm says it has entered into an agreement to sell the business to local management for an undisclosed price. The…
DetailsStrapped for cash, Mitsubishi has placed another legend on the chopping block. While the Pajero is famous globally for its stellar performance at the Dakar Rally, giving Mitsubishi more wins at the event than any other brand in history, you probably knew it as the Montero (or Dodge Raider if youre old enough). Sadly, you…
DetailsMember Article Over 8 in 10 respondents to a national survey of members of the insolvency and restructuring profession carried out by insolvency and restructuring trade body R3, expect personal insolvency numbers to increase within the next 12 months. Nearly half (44.5%) of the respondents to R3s member survey who work in personal insolvency say…
DetailsSteinhoff, the corrupt South African retail group who changed their name to Greenlit Brands in Australia and were responsible for the questionable sale of Harris Scarf, that saw consumer and appliance distributors owed millions is offering up A$1.4 Billion dollars to settle a multi-billion dollar accounting scandal. Greenlit Brands CEO Michael Ford, he was not…
DetailsScottish bus manufacturer Alexander Dennis has announced plans to initiate a restructuring programme for the business which will put up to 650 jobs at risk. It comes as a result of significant decline across the UK for new buses and coaches due to the impact of lockdown and social distancing measures caused by the COVID-19…
DetailsSwimco chief executive Lori Bacon had a date in mind. The first day of summer sounded like the perfect time for the head of a Canadian swimsuit retailer to set off on retirement. But the arrival of COVID-19 changed a lot of plans, including hers. Instead of retirement, Bacon is working on restructuring the family-run…
DetailsFrom: Canada Revenue Agency The Canada Revenue Agency (CRA) is closely monitoring the COVID-19 situation, and is committed to supporting Canadians throughout it. The CRA understands that individuals and businesses might be dealing with difficulties in meeting their financial obligations, including paying tax debts they may have incurred prior to the crisis. The Canada Revenue…
DetailsLoading The energy regulator told retailers in March they must not disconnect any small business or residential customer who had contacted them about their payments, and that they could not refer anyone to debt collectors for unpaid bills. Those instructions were extended on Tuesday until the end of October. The Australian Energy Council, representing 22…
Details