Pier 1 Imports Inc.s Interim Chief Executive Cheryl Bachelder may have taken an optimistic tone after the home dcor retailer reported disappointing fourth-quarter earnings, but analysts were bearish, bringing up the possibility of a liquidation in the not-so-distant future. Given the trends in business, and its negative earnings per share, EBITDA [earnings before … Read…
DetailsThe administrators appointed at Western Australias developer Carnegie Clean Energy have revealed the highest of four bids it managed to attract for its solar microgrid business Energy Made Clean (EMC) was only $200,000, while the lowest one stood at mere $40,000. This is well below the $13 million the company was bought for in 2016.…
DetailsDebt settlement is a rapidly growing industry in which companies advertise that they can eliminate consumer debt by negotiating reduced debt payoffs with a consumers creditors, usually for unsecured debt such as credit card debt and medical bills. Consumer debt settlement firms level the playing field for consumer borrowers seeking…
DetailsSubject: Intimation of the Second Meeting of the Committee of Creditors (COC) of Punj Lloyd Limited under Regulation 30(2) read with Clause (g) of Para A of Part A of Schedule III of Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015 Dear Sir/Madam,Pursuant to Regulation 30 (2) of Securities and…
DetailsPursuant to Regulation 30 (2) of Securities and Exchange Board Of India (LODR) Regulations, 2015 (LODR) and in accordance with Sub Clause 16 (g) of Clause A of Part A of Schedule III of SEBI (LODR), we wish to inform you about the major outcome of the First Meeting of Committee of Creditors of Punj…
DetailsImage caption Anthony Cardoza was declared bankrupt after losing an appeal against repaying money to a council A former football club owner has been declared bankrupt after he was ordered to repay 2.1m to a council that lent it money for a stadium redevelopment. In January a High Court judge ruled ex-Northampton Town owner Anthony…
DetailsAn SMSF member has had their application to have a bankruptcy notice set aside dismissed in a recent decision by the Federal Court of Australia. The case of Batterham v Nauerinvolved Peter Batterham, the sole member and beneficiary of an SMSF, the Batterham Retirement Fund. The case concerned applications in two proceedings following the issue…
DetailsSigns of hope have emerged for embattled wave energy developer Carnegie Clean Energy, after creditors on Wednesday voted unanimously to accept a restructuring plan to save the company and re-list it on the Australian Securities Exchange. Carnegie went into voluntary administration last month, and appointed KordaMentha Restructuring to oversee the business and its fully owned…
DetailsIf you have found yourself in the untenable position of juggling more debt than you can handle right now, with multiple payment dates, multiple payment amounts, and multiple creditors that you have to make sure get paid on time, the odds are pretty good you started to look into debt consolidation loans. Folks that are…
DetailsFederal candidates for the seat of Macquarie will attend an election forum hosted by the business community in Springwood on Monday, April 29. Starting at 7.30pm at the Springwood Sports Club, the meet the candidates event will feature all four Macquarie candidates – sitting MP Susan Templeman (Labor), Sarah Richards (Liberal), Tony Pettitt (United Australia…
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