A DALBY business has been left $1.6million out of pocket after the French government-owned company, Areva Solar KCP, went into liquidation weeks after it was ordered by a Supreme Court to pay hundreds of thousands of dollars. Father and son duo Hermes and Steven Speziali own the family business Nortask and were embroiled in a…
DetailsAmericans had been doing a better job staying out of debt over the last decade, relative to the personal debt levels seen before the Great Recession.But that scenario is changing. U.S. adults racked up a total of $1.029 trillion in credit card debt at the end of 2017, according to the Federal Reserve.That amounts to…
Detailsnews, local-news, administration, napoleon, perdis, cosmetics Australian cosmetics empire Napoleon Perdis Group has gone into voluntary administration, putting jobs and 56 local stores at risk. Company directors had been trying to find a buyer for months. The company has a retail outlet in Bendigo Marketplace and sells at Myer. The struggling brand was created in…
DetailsFailed online travel agency Bestjet has gone into liquidation after its $10 million collapse left thousands of customers out of pocket. Bestjet, and its subsidiaries Wynyard Travel and Brooklyn Travel, were placed into administration on December 18. At a second meeting of creditors in Brisbane this morning, it was resolved to appoint Nigel Markey and…
DetailsBeauty business Napolean Perdis has appointed administrators, becoming the second national retailerthis month to fall victim to difficult market conditions. Simon Cathro, Chris Cook and Ivan Glavas of Worrells Solvency Accountants were appointed as administrators of the business on Thursday. All 56 of thecompanys stores will remain closed for stocktake today before re-opening tomorrow as…
DetailsNEW YORK, Jan. 30, 2019 (GLOBE NEWSWIRE) — The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. If you suffered a loss you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff. Danske Bank A/S (OTCMKTS: DNKEY)Class…
DetailsLike many people with debt, you might not know how much money you actually owe or how long it will take to pay off. A debt tracker can help you learn exactly what youre dealing with and create a plan that works. What is a debt tracker? A debt tracker is a system for monitoring…
DetailsIn total 3,156 companies within the construction sector were declared insolventin 2018, up 13% from 2017, according to solicitor Nocklods. It is the highest level of insolvencies recorded since 2015. While the research shows strong demand from first time buyers has supported house builders, civil engineering businesses were deemed to be struggling. Sixty civil engineering…
DetailsThe Australian grown cosmetics empire Napoleon Perdis Group has gone into voluntary administration putting jobs and 56 local stores at risk. Company directors had been trying to find a buyer for months. Administrators Simon Cathro, Chris Cook, and Ivan Glavas of Worrells Solvency Accountants will now consider a restructure or pursue the sale option while…
DetailsYouve probably seen the advertisements for services that promise to help get you out of crippling debt and bring an end to the nightmare of frightening calls and bankruptcy threats. The reality is that almost anyone can start one of these debt management firms, with little-to-no financial services experience and no regulatory oversight. And in…
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