A LAND development company headed by Toowoomba businessman Mark Peart that was to undertake a multimillion-dollar project north of Toowoomba has been tipped into liquidation. Homestead Highfields was placed in voluntary administration by Mr Peart on April 21. At a second meeting of creditors on Tuesday, creditors knocked back a proposal from company directors Mr…
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…
DetailsAnalysis by credit bureau illion and consultancy AlphaBeta, part of Accenture, shows those using their super spent almost $3000 more than normal in the fortnight after receiving the lump sum. Loading Their analysis, based on the bank transactions of 13,000 people who have withdrawn superannuation since the coronavirus outbreak, showed 40 per cent of them…
DetailsDive Brief: Credit card startup Brex laid off 62 employees as the company restructures over the impact of the coronavirus pandemic, co-founders Pedro Franceschi and Henrique Dubugras announced in a blog postFriday. The layoffs make up about 17% of the Silicon Valley-based fintech’s total workforce, according to a Pitchbook estimate, cited by Business Insider. Brex,…
DetailsA leading special situations and restructuring lawyer, Matt has broad experience acting for a wide range of stakeholders, including debtors, banks and alternative capital providers. He has advised on transactions across the credit spectrum, including cross-border and domestic financial restructurings, lending transactions, and distressed and recovery situations. Matt joins one of the world’s leading restructuring…
DetailsAnalysis by credit bureau illion and consultancy AlphaBeta, part of Accenture, shows those using their super spent almost $3000 more than normal in the fortnight after receiving the lump sum. Loading Their analysis, based on the bank transactions of 13,000 people who have withdrawn superannuation since the coronavirus outbreak, showed 40 per cent of them…
DetailsJune 01, 2020 09:15 ET | Source: SHARC International Systems Inc. VANCOUVER, British Columbia, June 01, 2020 (GLOBE NEWSWIRE) — SHARC International Systems Inc. (CSE: SHRC) (FSE: IWIA) (OTCQB: INTWF) (“SHARC” or the Company) announces that on May 29th, 2020, further to its news release dated May 27, 2020, it has closed a non-brokered private…
DetailsProfessional services consultancy Begbies Traynor has acquired a portfolio of 503 Scottish personal insolvency cases from Grant Thornton UK for up to 500,000. Begbies Traynor said the deal involved an initial payment of 250,000, with the same on offer subject to fee income generated from the caseload post-completion. The AIM-listed group said on Monday that…
DetailsA LAND development company headed by Toowoomba businessman Mark Peart that was to undertake a multimillion-dollar project north of Toowoomba has been tipped into liquidation. Homestead Highfields was placed in voluntary administration by Mr Peart on April 21. At a second meeting of creditors on Tuesday, creditors knocked back a proposal from company directors Mr…
DetailsAustralias PAS Group, which owns high-street clothing brands Review, Black Pepper and Yarra Trail, recently entered voluntary administration. The company employs 1,300 people and operates 225 shops in Australia and New Zealand. The decision by the group, which has struggled for years, follows a recent announcement that it was looking at restructuring options. The PAS…
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