In the world of corporate insolvency, the list of industries at the highest risk of insolvency has changed very little over the last ten years. According to ASICs Insolvency Statistics, of the over 11,000 corporate insolvencies in Australia annually, 76% come from five industries: Construction (19%), Accommodation and food services (10%), Retail trade (7%), Transport…
HOUSTON, Texas (KTRK) — Luby’s announced it plans to shutter more restaurants after closing eight properties in May due to declining sales. The sale totaled $11.6 million, helping the company pay down its $39.5 million outstanding debt. President and CEO Chris Pappas says the company plans to sell off more properties. It’s also looking at…
ROHNERT PARK, Calif., Sept. 17, 2018 /PRNewswire/ — Ameritech Financial is closely following the recent trend of companies offering employees assistance with college education. Such programs can help to minimize student debt or pay it off, depending on the specifics of the program. For example, companies such as Starbucks, UPS, Wells Fargo and Comcast are offering employees…
Student debt looms large as a retirement savings impediment, particularly for younger workers. However, a recent private letter ruling from the IRS was seen by some as offering a step toward aligning those interests. This week, wed like to know what youre hearing and thinking about this new opportunity. Having gotten past the first blush…
Katie Hopkins has applied for an insolvency agreement in a last-ditch attempt to avoid bankruptcy after losing a libel case to food writer and poverty campaigner Jack Monroe. The controversial columnist was ordered to pay Monroe £24,000 in damages and legal costs in March last year after the High Court ruled comments the rig… Read…
Something is going wrong in this country if we cant stand up for our most vulnerable fellow Australians. Yet it seems many politicians are more interested in plotting and infighting than doing their jobs and standing up for justice. Pay day loans are almost exclusively used by people on low or very low incomes. Photo:…
ROHNERT PARK, Calif., Sept. 17, 2018 /PRNewswire/ — Ameritech Financial is closely following the recent trend of companies offering employees assistance with college education. Such programs can help to minimize student debt or pay it off, depending on the specifics of the program. For example, companies such as Starbucks, UPS, Wells Fargo and Comcast are offering employees…
Ford Motor Company (NYSE:F) faced potential insolvency during the last financial crisis Ten years ago, amidst the worst financial crises since the Great Depression, the American auto industry almost died. By Fall 2008, the Big Three US car companies of General Motors, Chrysler, and Ford faced potential insolvency, and without swift government intervention, their futures were…
OCEANPORT, N.J. (AP) – It’s early in a college basketball game and Team A, playing methodically and using up most of the 30-second shot clock, falls behind 10-6. Scattered around the bleachers, several fans staring at their smartphones celebrate silently: they have bet on Team B to be the first to reach 10 points and…
VANCOUVER, British Columbia, Sept. 17, 2018 (GLOBE NEWSWIRE) — Imperial Metals Corporation (Imperial or the Company) (TSX:III) commences a financial and business restructuring process. As of the close of business on September 14th Imperial completed the following actions: Extension of the due date of the Companys Secured Revolving Senior Credit Facility of $200 million from…