70 suppliers and tradies owed $620000 in Million Dollar Makeovers liquidation – The West Australian

More than $600,000 is owed to suppliers and tradies caught up in the liquidation of rich-list renovator Sasha deBrettons Million Dollar Makeovers. Early numbers from liquidators Hall Chadwick filed with the corporate regulator list more than 70 unsecured creditors believed to be owed a total of $619,700. It includes $61,555 owed to the Australian Taxation…

Capital IP Completes Structured Debt Investment in GuideSpark, Inc. to Help Employee-Communication Leader Scale … – Business Wire (press release)

SAN FRANCISCO–(BUSINESS WIRE)–Capital IP Investment Partners (Capital IP) announced today that it has completed a structured debt investment in GuideSpark, Inc. (GuideSpark), the leader in employee communication. The financing will be used to advance GuideSparks continued growth as the SaaS company scales its market-leading Communicate Cloud software. GuideSpark is headquartered in Redwood City, California. This…

Stricter regulation needed as personal insolvencies set to rise by 17% in 2018 – Global Banking And Finance Review (press release)

Following the release of the Q1 2018 Insolvency Service insolvency statistics today, Richard Haymes, Head of Financial Difficulties at TDX Group, an Equifax company, calls for stricter rules when promoting insolvency services online:  The figures released by the Insolvency Service today, showing an increase in both company and personal insolvencies, support our expectation that the…

Adhunik Metaliks seeks 20-day extension to complete insolvency resolution process – Business Line

The Resolution Professional (RP) of Adhunik Metaliks Ltd sought exclusion of 20 days from the mandatory 270-day timeframe required to complete the insolvency resolution process. The 270-day deadline granted to the bankrupt company under the corporate insolvency resolution process (CIRP) expired on April 29. While no resolution plan was approved by the Committee of Creditors…

Wisr grows personal loan originations by 42% in March quarter – Proactive Investors Australia

Wisr Limited(ASX:WZR), formerly known as DirectMoney, grew its origination of personal loans by 42% in the March quarter compared with the previous December quarter. The 42% quarter-on-quarter growth follows 79% growth in the December quarter and 20% growth in the September quarter. Notably, since the business restructure in 2016, the gross annualised…