Australias first streaming service Quickflix is trying to get rival Stan to restructure a massive share block it holds in the business, claiming it is putting off new investors as it seeks a new round of capital raising. In 2014 Stan, owned by Nine Entertainment and Fairfax Media, bought a $1m shareholding from US cable…
Several large vocational education and training providers have collapsed into voluntary administration after their parent company appointed external administrators earlier this week. Global Intellectual Holdings Pty Ltd entered voluntary administration on Tuesday, with Richard Albarran, Blair Pleash and Shahin Hussain from Hall and Chadwick appointed as external managers. Global Intellectual Holdings is the company behind…
A mother who was declared bankrupt after falling behind with her daughter’s private school fees will now lose her country home following a series of family tragedies. Maxine Turner-Hankinson, 47, who used to live in a £1.6million Barbados villa, permanently moved into a cottage in the grounds of a Regency mansion in Derbyshire in 2009.…
Thousands of students of at least four colleges have been left in limbo with huge debts following the collapse of one of the country’s largest vocational education companies. At least 500 administration and teaching staff have also been affected by the collapse. Aspire College of Education, The Design Works College of Design, RTO Services Group and…
Latin America Power BV shareholders sued SunEdison Inc., claiming the worlds biggest clean-energy developer is on the brink of bankruptcy and trying to hide assets. The shareholders say they need a court order to protect SunEdison assets while they pursue a claim in arbitration for $150 million, which they say theyre entitled to after the…
Around 10,000 supporters headed for the exits during the club’s 2-2 Premier League draw with Sunderland, in protest against proposals to introduce a highest-priced 77-pound ticket for next season. Principal Owner John W Henry, Chairman Tom Werner and President Mike Gordon issued a statement on the club’s website on Wednesday, apologising for any distress that…
It’s funny. Whenever someone asks what I do, I explain that “I help students learn how to pay for college without taking on student debt”. I cannot tell you how many times the person responds with “Oh wow. I wish you were around when I went to college!” Or “Geez. Where were you _5, 10,…
Consolidated Debt Solutions, a newly launched business, is aiming to provide financing solutions to those who are seeking a third party that can assist with working alongside with creditors and reducing debt. The company said, This privately owned business recently launched locally and boast that the strategies implemented and the ability to work with clients…
Comments Print /License AA Goodwills paralyzed Toronto-based chapter has just $835,308 remaining in assets but owes more than $6-million to creditors such as its employees and landlords, according to documents filed when it declared bankruptcy this week. The charitys assets total just a bit more than the $700,000 Goodwill paid in rent each month for…
Since the top 10% takes home 50% of all household income, it follows that this top slice has most of the discretionary cash, i.e. net income left after taxes, servicing debt and paying for essentials such as food, utilities and housing. It also follows that the discretionary spending of the top 10% is supporting much…