The College of Australian Training has gone into voluntary administration, leaving 450 hospitality, hairdressing and beauty students’ education uncertain. The organisation, which has 35 locations across Australia, has blamed recent Federal Government changes to TAFE funding for its downfall. Administrators hope to sell the business, and have been encouraged by the interest shown so…
Federal officials lambasted Alpha Natural Resources restructuring plan in court documents filed Tuesday, saying the Virginia-based firms proposal lacked sufficient details and was more akin to a liquidation. The objections of the U.S. Trustee present a hurdle in Alphas attempts to emerge from Chapter 11 protection. They come in advance of a hearing next week…
Its become so common for parents to take on debt to finance their kids education that employers may soon be offering to pay those loans off. Tuition.io, a company that helps employers manage their student loan repayment programs, launched a platform Tuesday that firms can use to help pay off their workers Parent PLUS loans,…
TORONTO (miningweekly.com) Managing and reducing debt levels can be a balancing act, but it is high on the priority lists of major diversified miners Freeport McMoRan and Vale, the companies confirmed in Tuesday. Addressing the Bank of America Merrill Lynch 2016 global metals, mining and steel conference, Freeport president and CEO Richard Adkerson advised that…
A court declared Czech hard coal miner OKD bankrupt on May 9. The move leaves creditors two months to file claims, with a meeting set for August 10. Meanwhile, the future of the companys 13,000 or so employees rests with the state, with the court saying OKD could be broken up or restructured. New World…
The Association is of the belief that an effective law on corporate insolvency would enable companies to fall on options to recuperate rather than closing the company, as is the common prescription under the countrys current laws. Jacob Saah, the Executive Secretary of GARIA Mr. Jacob Saah, the Executive Secretary of GARIA made the call…
Fashion designer to the stars, Johanna Johnson, is struggling to sweep staff salary issues that led her enterprise into liquidation under the red carpet (Source: A Current Affair) Embattled fashion designer Johanna Johnson has registered a new company despite her old business being in liquidation and her employees claiming theyre owed tens of thousands of…
SAN JUAN, Puerto Rico (AP) Treasury Secretary Jacob Lew got a first-hand look at the humanitarian impact of Puerto Rico’s $70 billion debt crisis Monday, touring an elementary school struggling with limited electricity and a hospital unable to provide some basic services to infants. “It can only get worse,” Lew told reporters as he toured…
SAN JUAN, Puerto Rico (AP) Treasury Secretary Jacob Lew got a first-hand look at the humanitarian impact of Puerto Rico’s $70 billion debt crisis Monday, touring an elementary school struggling with limited electricity and a hospital unable to provide some basic services to infants. “It can only get worse,” Lew told reporters as he toured…
A Queensland training college with four campuses has collapsed into voluntary administration. College of Australian Training called in external managers late last week, with Sam Kaso and Daniel Juratowitch from Cor Cordis appointed joint voluntary administrators. College of Australian Training has campuses in Townsville, Cairns, Maroochydore and the Gold Coast. The college offers nationally recognised…