By: Dylan Dethier May 11, 2020 Michael Jordan and Richard Esquinas on the cover of Esquinas’ book about gambling on the golf course with the NBA legend. Richard Esquinas used to play Michael Jordan for a standard wager of $1000/hole, he says. Now his limit is something closer to a $20 Nassau. In 1993, Esquinas…
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DetailsWhen public oil and gas companies are doing relatively well, many are happy to adopt a pay-for-performance model to reward CEOs and executives. However, the tables are quickly turned when things go to the dogs. When these companies go bankrupt, the misery is shared by employees who lose their jobs; retirees see their benefits and…
DetailsRugby Australia is expected to start laying off staff as early as this week after finally completing its 2019 financial report. The heartbreaking decision to cut jobs looms as the only way the cash-strapped code can survive in the future even after getting the thumbs up to continue operating from its accountants KPMG. Despite being…
DetailsBritain’s biggest shopping centre-owner has put administrators on standby as it enters a crucial fortnight that will determine whether it emerges from the COVID-19 pandemic intact. Sky News has learnt that Intu Properties, which directly employs more than 2,000 people, is lining up KPMG to handle an insolvency process if lenders refuse to grant a…
DetailsRugby Australia is expected to start laying off staff as early as this week after finally completing its 2019 financial report. The heartbreaking decision to cut jobs looms as the only way the cash-strapped code can survive in the future even after getting the thumbs up to continue operating from its accountants KPMG. Despite being…
DetailsA man who was declared bankrupt in 1995 after a four-year tax investigation is angry at the loss of an old personal pension that he paid into for seven years. Edmund Watters, 61, took out the policy with Confederation Life (now Sun Life Financial of Canada) in January 1991 when he earned 25,000 a year…
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Are you looking for company liquidation support in Noosa? At Company Liquidation Noosa we understand that insolvency hurts. It is a stressful time that only feels worse knowing that there is no time to rest and reflect, because company directors must act as soon as possible when faced with insolvency or risk a range of…
DetailsNEW YORK–(BUSINESS WIRE)–G-III Apparel Group, Ltd. (NasdaqGS: GIII) today announced the restructuring of its retail operations segment. The restructuring of the retail operations segment includes the closing of 110 Wilsons Leather and 89 G.H. Bass stores. The Company has hired Hilco Global to assist in the liquidation of these stores, which will begin immediately or…
DetailsTabcorp Holdings has reached an agreement with its US debt holders that will enable the ASX gambling group to postpone payments on their debt agreements. Last month, Tabcorp announced it had entered into negotiations with US debt holders to get new covenant terms on its AUS $2.1 billion corporate debt tranche, maximising financial flexibility as…
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