UP TO eight interested parties are negotiating with the liquidator of Ballina caravan manufacturer Kimberley Kampers over the sale of the business. Liquidator SV Partners announced it was accepting expressions of interest up until the close of business on Friday “following which they expect to be working more closely with the parties who submitted the…
DetailsNick Leeson, 51, is best known as the infamous banker who brought down Barings Bank. He is one of the contestants in the Celebrity Big Brother house 2018. But what is his net worth? At his peak in the early nineties, Nick is believed to have earned bonuses of £130,000 on a salary of £50,000.…
DetailsA $2.4 MILLION debt has thrust the future of one of Bundaberg’s oldest hotels into uncertainty. Formerly trading as the Grand Hotel Bundaberg, Tomik Pty Ltd was ordered to be wound up by the Federal Court earlier this month after the Australian Taxation Office made an application for it to be put into liquidation in…
DetailsIN a sliding doors moment, Nathan Tinklers former right-hand man, Troy Palmer, has been declared bankrupt with debts of more than $21 million, just as word emerges that his former one-time billionaire boss has had his personal bankruptcy annulled. The Herald can reveal that retail giant Gerry Harvey has bailed Mr Tinkler out for a second time, loaning…
DetailsContrary to the old saying; when it comes to financial education less will never be more. As a society, our expectations of what constitutes an acceptable standard of living for our children has risen exponentially. In fact, in the last 10 years child-rearing costs have gone up by 45 per cent, while our household incomes…
DetailsMichael DAlessio Another 15 investors have sued former White Plains real estate developer Michael DAlessio, claiming he misrepresented his finances on bankruptcy forms, including gambling debts, in diverting $2.8 million from projects they were financing. DAlessio used his companies to carry out a massive fraud on numerous investors, the bankruptcy court complaint, filed on Aug.…
DetailsSteinhoff International Holdings N.V. : UPDATE ON PROGRESS OF FINANCIAL RESTRUCTURING The issuer is solely responsible for the content of this announcement.UPDATE ON PROGRESS OF FINANCIAL RESTRUCTURING Steinhoff International Holdings N.V. (the “Company” and with its subsidiaries, the “Group”) INTRODUCTION In accordance with the Company’s reporting obligations under paragraph (e) of clause 20 of the…
DetailsMiami, Florida, Aug. 17, 2018 (GLOBE NEWSWIRE) — ) Getting out of debt problem is easy if you have a clue about what you should do and what consumer rights are there to protect you. And that is what Resolvly LLC wants consumers to do – study the options to clear the debt problem immediately.…
DetailsThe proposals were set out in a consultation document designed to seek views on how to tackle “those who own or manage” companies who cause the companies to engage in “tax avoidance, evasion or repeated non payment of taxes” and then use the insolvency process so that the company avoids paying the tax. In some…
Details17 August 2018 17:11 (UTC+04:00) 345 By Trend Sino plant producing refrigerators in Uzbekistans Samarkand city was declared bankrupt upon the court decision, the Uzbek media reported citing the Uzbek plant. The plant with the capacity of 250,000 refrigerators per year opened in 1973. During the times of the Soviet Union, the plant produced “Pamir”, “Samarkand”,…
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