INVESTIGATIONS are continuing into the collapse of CQ builder Metro Builders, including claims the business made unfair preference payments and traded while insolvent. Liquidator Jirsch Sutherland was appointed after Metro Builders closed on June 8 leaving debts of almost $5 million and 40 homes unfinished. Jirsch Sutherland partner Chris Baskerville said he hoped to reach…
DetailsAUSTIN, Texas, Aug. 7, 2018 /PRNewswire/ — Samuels Jewelers, Inc. affirmed today that the Company’s approximately 122 stores and its e-commerce site are open for business and are continuing to offer customers great service and a curated assortment of merchandise in fine jewelry. Samuels Jewelers, Inc. is implementing a court-supervised process in the United States…
DetailsNEW data has revealed Bundaberg’s insolvency woes are far from over, with the number of individuals racking up debt in the region holding steady. Forty-seven insolvencies were filed in Bundaberg between April and June 2018, according to the Australian Financial Security Authority. The concerning figures show the number of insolvencies in the region has barely…
DetailsGolf club enters voluntary administration amid redevelopment project The six new holes under construction next to the old part of the course. The six new holes under construction next to the old part of the course. New holes under construction next to the old part of the course. New holes under construction next to the…
DetailsHomebase is preparing to announce the closure of up to 80 stores next week, with the probable loss of about 1,000 jobs. The loss-making DIY chain, which was bought by the restructuring experts Hilco in a deal agreed in May, is expected to file a company voluntary arrangement (CVA), a form of insolvency that enables…
DetailsFor each card, we also note how much it would cost, in interest payments, to pay off $2,500 in one year, $5,000 in two years, $7,500 in three years and $10,000 in four years. The estimates depend on introductory APR periods, interest rates thereafter, the balance transfer fee and rewards. The figures are ranged based…
DetailsKatie Price is facing the bankruptcy court today: PictyureRex Features As Katie Price continues to face alleged financial woes, the star is set to appear at the bankruptcy court today. The star was once said to be worth £45million, however shes scheduled to appear at the Rolls Building in London, part of the High Court,…
DetailsLISTEN TO ARTICLE SHARE THIS ARTICLE Investors in an arcane corner of the bond market are latching onto one important detail lost amid all the chaos surrounding Elon Musks bombshell Tuesday: Even if he ultimately fails in his effort to take Tesla Inc. private, the company could win much-needed debt relief. Thats because more than…
DetailsSANTA MONICA, Calif., Aug. 8, 2018 /PRNewswire/ — Tuition.io, the leading platform for employee student loan contributions, today announced its student loan repayment assistance program has been implemented by Carhartt, America’s premium workwear brand since 1889. This new employee benefit will help Carhartt employees more quickly pay off burdensome student loan debt. The benefit will allow…
DetailsWe also think that the petition filed by an advocate would be maintainable, as has been held in Macquarie Bank supra. The Supreme court observed that an application filed by an advocate would be maintainable under Section 7(3)(a) of the Insolvency And Bankruptcy Code, 2016. This observation was made by the bench of Justice Rohinton…
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