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…
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…
DetailsIf you think you’re in line for a refund as a result of the failed Robodebt scheme, The Government says you don’t need to do anything right now. Yesterday, the Government announced it will be giving $721 million back to people who paid Centrelink debts they may never have owed. About 373,000 people are affected,…
DetailsA Saudi Sheikh is reportedly involved in a feud over a 2 million outstanding debt to the iconic Les Ambassadeurs Club. Sheikh Al Balawi Has a 2 Million Debt to Iconic Mayfair Casino Sheikh Salah Hamdan Al Balawi is allegedly involved in a gambling debt with a private London casino. The sheiks assets are estimated…
DetailsBrex, last valued at $2.6 billion, is restructuring its credit card for startups business and cut 62 staff members, the co-founders Pedro Franceschi and Henrique Dubugras said in a blog post. “Today we’re restructuring the company to better align our priorities with this new reality, while simultaneously accelerating our product vision. With that, I have…
DetailsJoint administrators for NMC Health, the holding company of the UAE-based healthcare provider NMC Group, have said the company will probably be dissolved or put into liquidation. Administrators from the consulting firm Alvarez & Marsal Europe were appointed in April to oversee the hospital operator, after an application from one of its biggest creditors, Abu…
DetailsLatest reports emerging, talk about the potential sale of the Williams F1 team. Now another team may be following suit. French Car manufacturing company, Renault recently announced that they will be cutting 15000 jobs worldwide. This comes under a massive restructuring plan by Renault. The French car manufacturing company saw car sales plunge dramatically this…
DetailsPlans for debt relief for the world’s poorest countries inched forward on Thursday as private creditors laid out a blueprint for their involvement, though it received immediate criticism for not going far enough. The proposal shepherded by the Institute of International Finance (IIF) said creditors would grant debt breaks on a case-by-case and voluntary basis…
DetailsCredit: Dreamstime Sydney-based Private Data Clouds has gone into voluntary liquidation with more than $140,000 owed to creditors. According to liquidation documents, the companys unsecured creditors include Telstra, 5G Networks and Digital Pacific, who are all owed an unspecified amount. Private Data Clouds is also embroiled in a legal dispute with its largest debtor, company…
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…
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