Related Story: Local retailers feel fashion pain as global brands expand Related Story: Marcs, David Lawrence appoint voluntary administrators, Alannah Hill to exit David Jones Almost six years after opening stores in Australia, fashion retailer Topshop Australia has been placed into voluntary administration amid mounting debts. Administrator Ferrier Hodgson…
Some of Topshop’s Australian stores could close after the company operating them was placed in voluntary administration. Three partners from restructuring firm Ferrier Hodgson have been appointed voluntary administrators to Austradia, which operates nine stores, 17 Myer concessions and an online business. Ferrier Hodgson’s James Stewart said the Topshop/Topman stores will be open as usual…
Offshore drilling services company Seadrill Ltd. has made “significant progress” with its banks on the terms of a debt restructuring plan that will likely require filing for bankruptcy in the U.S. or U.K. Continue Reading Below Seadrill said Wednesday it is in advanced talks with secured lenders and third-party investors on the terms of a…
WEST PALM BEACH, Fla. (CBS12) The federal government shut down a debt relief scam operation that took tens of millions of dollars from people. The bad guys targeted seniors who thought they were getting financial help. Now, three men behind the operation are facing a multitude of charges. Tune in to CBS12 at 5…
If the Senate passes budget reforms for higher education, Higher Education Loan Program (HELP) repayments would start earlier, with a wider range of rates: 1% of income for those earning A$42,000, rising to 10% at $120,000. To put this in context, in 2017 the Australian minimum full-time wage is about $35,000 and the average full-time…
Fast-fashion retailer Topshop Australia has entered voluntary administration, leaving employees across the country feeling shocked and uncertain about their future. The company says it will be business as usual while administrators decide on the next steps, and has promised its 760 employees they will still be paid. Australia’s arm of Topshop/Topman has nine stand-alone stores,…
Pam Bondi J. Albert Diaz A Miami federal judge issued an injunction against what Florida’s attorney general calls a multimillion-dollar debt relief scam. The Federal Trade Commission and Attorney General Pam Bondi filed a complaint alleging 11 companies falsely promised to consolidate consumers’ debt and improve their credit for fees of hundreds or thousands…
Introduction Courts’ jurisdiction Potential for reform Introduction Jersey has a familiar range of legal processes and remedies for the restructuring and insolvency of corporations. The principal provisions are contained in the Companies (Jersey) Law 1991 and the Bankruptcy (Désastre) (Jersey) Law 1990. These have been consistently applied and developed by the Royal Court. While certain…
Has your credit card debt spiraled out of control? Are you juggling payments to a long string of creditors, feeling like youre never making a dent in the amount of debt you owe? Even worse, is this debt growing each month because of high interest rates? Faced with this stress, you might be considering a…
David Koch explains some easy, no brainer money saving tips. About 60 per cent of Australians admit they gamble on a weekly basis. EXCLUSIVE: A majority of Australians gamble every week and are blowing thousands of dollars a year in the hope of winning cash, alarming new statistics have revealed. Experts have blamed the boom…