As a small business, its vital you set your payment terms and improve your cash flow to make sure you stay solvent. You need to ensure your interests are protected when you deal with other businesses and new customers, particularly if the order is large and requires a lot of investment. Are you supplying to…
Russell Howarth when he was an anti-Uber campaigner Who exactly is Russell Howarth? He’s best known as the man who made citizens arrests while campaigning against the UberX ride sharing service when it was setting up in 2014. But he’s also a bankrupt thanks to a seemingly innocuous traffic accident outside Sydney’s exclusive Ivy nightclub and a court…
Arsene Wenger has cashed in for £3.5million after his sports company shut down. The Arsenal boss is believed to have been receiving payments from LA Promotions LTD since the company went into voluntary liquidation in December 2014. Accounts reveal that Wenger took home in excess of £2million from the company, according to The Sun on…
National Debt Relief recently shared in an article published April 15, 2016, how finding a loved one plays into the whole financial management goal of a person. The article, titled “Want To Achieve Financial Success? Choose Your Life Partner Wisely,” takes a look at how emotions can be a crucial factor in people’s finances. New…
The Code does not currently make much sense for operational creditors The government has brought in this Code, largely modelled on the U.S. Bankruptcy Law, with the good intention of facilitating timely resolution of corporate bankruptcy. However, a critical reading of the legislation reveals that unless necessary changes are made to it, the legislative intent…
Clock’s ticking: Laura Ashley is among retail businesses to have died recently. In good news for insolvency firms but not much else, insolvencies are rising and the number of retailers appointing external administrators is also up. Electronics chain Dick Smith, home furnishings company Laura Ashley Australia and clothing retailer Man To Man are among retailers to have gone under recently. John…