A business specialising in toasted sandwiches has collapsed into voluntary administration. Jaffle Jaffle Group Pty Ltd appointed external managers in late January, with Gideon Rathner from Lowe Lippmann acting as administrator. The first creditors meeting was held on 5 February. Jaffle Jaffle was founded in late 2013, selling a range of gourmet toasted sandwiches. Its…
Businessman Nathan Tinkler, once the nation’s youngest billionaire, is expected to appeal a Federal Court judge order that he be declared bankrupt. Picture: AAP Controversial junior coal magnate Nathan Tinkler is expected to launch a court appeal to stave off bankruptcy. The former billionaire, whose debt-fuelled mining empire collapsed in 2012 following the slide in…
February 09, 2016 Share this article: A Russian-language banking Trojan has been found manipulating the ruble-dollar exchange rate Corcow deflated the ruble by 15 percent in a short space of time A Trojan has been found manipulating the ruble-dollar exchange rate. Hackers apparently used malware on Russian bank, Energobank, in 2015 to to…
Julie Ann Cairns went to the brink of bankruptcy. Photo: Supplied Brisbane woman Julie Rainbow is one of the thousands of Australians who go bankrupt every year. More than a decade ago she and her then husband and their two children had what she describes as a “comfortable” financial situation. “We had a really nice, lovely,…
Share this: Bulgarias prosecutors office said on February 9 that it was seeking a hearing in the European Committee on Crime Problems (CDPC) concerning the difficulties in securing the extradition of Tsvetan Vassilev, former majority shareholder in the insolvent Corporate Commercial Bank (CCB), from Serbia. CDPC is the Council of Europe office tasked with coordinating…
February 09, 2016 Share this article: A Russian-language banking Trojan has been found manipulating the ruble-dollar exchange rate Corcow deflated the ruble by 15 percent in a short space of time A Trojan has been found manipulating the ruble-dollar exchange rate. Hackers apparently used malware on Russian bank, Energobank, in 2015 to to…
QUESTION: Help! Debt collectors have been calling me incessantly demanding payment of my outstanding debts, which have grown to a surprising high level because of interest and penalties. The sad part is that while I do want to settle my debts and get rid of these pesky collectors who threaten me with law suits, I…
Americans who are struggling to pay down debt are at the core of Discovers personal loans business. The online financial company, best known for its credit cards, offers personal loans mainly for those looking to consolidate debt. While Discover loans can be used for other purposes, such as paying for a vacation or financing a…
This year is shaping as a tipping point that will see company collapses increase, insolvency and deal experts say. Photo: Philip Gostelow Much of Australia’s mining services sector and other businesses that rode the resources boom might be getting by on “life support”, but this year is shaping as a tipping point that will see…
Stocks: SNG Singulus Technologies has highlighted the essential support it needs from shareholders and bondholders to avert liquidity issues that would force the company into insolvency. Specialist PV manufacturing equipment supplier Singulus Technologies has highlighted the essential support it needs from shareholders and bondholders to avert liquidity issues that would force the company into insolvency.…