After a “difficult, but necessary” decision, Sears announced the closing of Sears and Sears Auto Center in Mentor and Middleburg Heights. Liquidation sales in the stores begin today. Earlier this month, liquidation sales began at the Sears location at Midway Mall, which is also closing this year. According to a company spokesperson, shoppers will still…
DetailsThe former Wimbledon champion amassed tens of millions in his tennis career He was recently declared bankrupt after failing to repay a £3million bank loan Becker, 49, wore a red, black and white Puma training top and cap to the gym Earlier this week, two of Becker’s sports cars were slapped with parking fines By…
DetailsBy Shinovene Immanuel Leaders at the broke TransNamib threatened to cut jobs and declare bankruptcy earlier this year in what appears to be blackmail to arm-twist government into paying N$240 million as bailout. This is according to details contained in confidential documents of a board meeting dated 23 February 2017. The meeting took place when…
DetailsA charity that looked after the state’s most traumatised children 24 hours a day in return for millions of dollars in public funding subcontracted large parts of its operations to a company co-directed by a convicted murderer. The agreement has been revealed in a creditors report obtained by Fairfax Media, which found the financially troubled Guardian Youth Care charity had faced allegations…
DetailsMUMBAI: Essar Steels insolvency proceedings could turn into a test case for Indias bankruptcy framework with lenders differing on the choice of the so-called interim resolution professional (IRP), the entity that will oversee the exercise, according to two people with knowledge of with the matter. One of these is an unsecured lender and has apparently…
DetailsLEADERS at the broke TransNamib threatened to cut jobs and declare bankruptcy earlier this year in what appears to be blackmail to arm-twist government into paying N$240 million as bailout. This is according to details contained in confidential documents of a board meeting dated 23 February 2017. The meeting took place when the company only…
DetailsOn the morning of May 21, 2007, Andrew Grech stood in front of the board of the Australian Securities Exchange in his home town of Melbourne to mark a globally historic moment for the legal profession. Slater & Gordon, founded in 1935 to protect Victorian workers, was blazing a trail by becoming the first in…
DetailsSalim Mehajer has lost his urgent court bid to remove administrators appointed to two of his companies, as creditors clamour for almost $100 million from the property developer and former deputy mayor. In a decision delivered on Friday afternoon, Supreme Court Justice Stephen Robb declared administrators were validly appointed to Mr Mehajer’s companies Sydney Project…
DetailsRelated Story: Australians have never been wealthier, ABS data suggests Related Story: Distribution of debt poses new trigger to housing market Rising mortgage debt is affecting everything from employment to spending as Australians approach retirement, our study has found. Higher levels of housing debt among pre-retirees are linked to…
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