Say what you will about Waterloo Capital’s case against BWX BWX’s independent board committee says it’s “filed opportunistically” but no one really cares about whether Michael Fabregas is owed millions for allegedly being cut out of a management buyout deal he helped create. The interest and maybe this is Fabregas’ legal strategy is entirely in…
The crisis engulfing Britain’s high streets will deepen on Wednesday when Gaucho, the steak restaurant chain, crashes into administration after its lenders opted not to pursue a rescue deal. Sky News has learnt that the company, which employs about 1,500 people, has filed a notice of intention to appoint Deloitte as its administrator. While that…
The rate of personal insolvencies in Wakefield has increased by more than a third over the last two years, official data has revealed. In 2015, 16.9 adults per 10,000 were declared insolvent in Wakefield, according to Insolvency Service figures. However by 2017 that figure had risen to 22.8, an increase of 35.3%. Insolvency is when…
Education provider Navitas is exiting its health care and community services training business in Australia, closing some US colleges in a restructure that will cost it $130 million. Navitas says Health Skills Australia will be closed or sold because changes to vocational education funding rules in Australia have affected the long-term viability of the business.…
CLOSE Americans credit card debt has just hit a disturbing record of $1.02 trillion according to the federal reserve. Buzz60 How do you navigate one of the tricker money issues: aggressively paying down credit card debt, or aggressively saving for retirement?(Photo: Getty Images/iStockphoto) Question: Im 64. My credit score is about 656. For different reasons…
FILE PHOTO: Thyssenkrupp’s logo is seen close to the elevator test tower in Rottweil Thomson Reuters FRANKFURT (Reuters) – Thyssenkrupp shares were indicated 3.4 percent higher early on Tuesday as analysts expect a deeper restructuring of the German submarines-to-elevators conglomerate after the resignation of its chairman. Ulrich Lehner resigned on Monday saying he was no…
Seven West-backed video service Crowdspark, formerly New Zulu, has gone into liquidation following a strategic review by the companys management. The ASX-listed user-generated content management company promised to make everyone with a smartphone a potential journalist and at one stage was endorsed by Pauline Hanson. Crowd Spark was founded as New Zulu in 2012 ADVERTISEMENT Since…
Reggiana, the third-division Italian soccer team Mike Piazza agreed to purchase in 2016, has been declared bankrupt, according to reports out of Italy. The team announced on June 24 that it would not be registering in Serie C for the forthcoming season because of its financial issues. Five days later, the team had begun negotiations…
A MASTERS student from India who fell into debt from gambling tried to defraud a local business as part of a “sophisticated crime syndicate, Proserpine Magistrates Court heard. Sramik Venigalla pleaded guilty on Monday to attempted fraud, obtaining another entity’s identity to commit an indictable offence and falsely representing himself. On July 10 about 11am,…
Question: Im 64. My credit score is about 656. For different reasons over a long period of time including unemployment and health issues I accumulated credit card debt of about $50,000. I intend to take out an unsecured personal loan, but I dont want it to have a negative impact on my credit score. I have…