Interactive Telecoms to enter liquidation after Telstra commission wrangle – ARNnet

Telstra reseller, Interactive Telecoms, is likely to enter into liquidation today, following the closure of the business in early August. The companys joint administrator, Ian Purchas, told ARN that Telstra withheld a “significant payment” after terminating its licensing agreement with the reseller. The New South Wales-based company entered into voluntary administration on 2 August and…

Interactive Telecoms to enter liquidation after Telstra commission wrangle – ARNnet

Telstra reseller, Interactive Telecoms, is likely to enter into liquidation today, following the closure of the business in early August. The companys joint administrator, Ian Purchas, told ARN that Telstra withheld a “significant payment” after terminating its licensing agreement with the reseller. The New South Wales-based company entered into voluntary administration on 2 August and…

Ostwald Bros’ $61m debt could rise after creditors meeting – Toowoomba Chronicle

THE future of Ostwald Bros still hangs in the balance, with interested parties set to decide within weeks whether to dissolve or save the business. Dozens of unsecured creditors met with the administrators for the struggling civil construction company in Toowoomba yesterday, as further details were revealed about its financial woes. PriceWaterhouse Coopers’ Derrick Vickers…

Ruchi Soya forms team to explore business restructuring options … – Livemint

Ruchi Soyas primary lines of business include selling packaged edible oils and soyabean chunks, oilseed extraction, edible oil refining, and wind power generation. Mumbai: The board of edible oil maker Ruchi Soya Industries Ltd has set up a committee to explore business restructuring options, the company said in a statement. Ruchi Soya is considering internal…

Freedom Debt Relief Establishes Charitable Foundation With $1 Million for Community Support – Benzinga

Company donates $100,000 for Harvey relief, triples employee contributions for hurricane recovery San Mateo, Calif. (PRWEB) September 06, 2017 Freedom Debt Relief (FDR), a subsidiary of Freedom Financial Network (FFN) an innovative financial services company that enables consumers to overcome debt, build wealth and achieve better financial health has established a charitable contribution fund to…

GSNH LLP Welcomes Jennifer Stam to the Restructuring & Insolvency Group – Markets Insider

TORONTO, Sept. 6, 2017 /CNW/ – GSNH LLP continues to build and strengthen its growing Restructuring & Insolvency Group with the arrival of Jennifer Stam. Jennifer was previously a Partner at Gowling WLG. Jennifer’s joining the Group reinforces its position as a leading insolvency law boutique offering clients sophisticated insolvency expertise with an entrepreneurial, facilitative…