UPDATE: Ellery is now in liquidation – Fashion Journal
Images via Ellery … Read the full article at: https://fashionjournal.com.au/fashion/kym-ellery-announces-she-will-close-the-australian-arm-of-her-business/
Not all debts are created equal – Sydney Morning Herald
Heres my guide to the order you should repay your debts. Really awful debt This is the tooth decay of debt. Sure, the ads are cute but if you calculate the interest rate on pay day loans or convenient loans when youre caught short, such as Nimble, you could be paying interest as high as…
Gambler Accuses LeoVegas and Casumo of Feeding Her Addiction – GamblingNews.com
Problem gamblers burns over $382,000 in a single session She was continually egged on to continue playing, offered various bonuses The UKGC is investigating the case now An online casino player has lost 125,000 with LeoVegas and Casumo, claiming that the iGaming operators have purposefully overlooked her signs of addiction and proffered bonuses instead. A…
Netflix to raise $2 billion in debt to help fuel its obsession with original content – BGR
In January of 2013, Netflix Chief Content Officer Ted Sarandos astutely laid Netflixs content strategy on the table for all to see. The goal is to become HBO faster than HBO can become us, Sarandos said. He also added that Netflix, in stark opposition to networks that cant help but micromanage every single aspect of…
Corporate Indias dirty secret – Deccan Herald
A forensic audit of 200 top companies by the Ministry of Corporate Affairs has detected irregularities to the tune of Rs 1 lakh crore, including diversion of funds. Most of these companies have been referred to insolvency and resolution proceedingsunder the Insolvency and Bankruptcy Code. Irregularities detected in some top companies point to the collapse…
Two Coast supermarkets shut doors after company goes bust – Fraser Coast Chronicle
TWO Sunshine Coast supermarkets have closed after the business went into liquidation just before the Easter long weekend. The Kawana Island Friendly Grocer and Forest Park Foodstore at Meridan Plains have been listed on the Australian Securities and Investments Commission as in liquidation. The company behind the stores, Yasnis Pty Ltd, is owned by Himanshu…
Netflix offers $2 billion more in debt to fund its content spending – TechCrunch
Netflix is raising another $2 billion in debt to fund its content spending and other expenses, the company announced this morning. The news comes ahead of the launches of new streaming service competitors from Disney, Apple, and AT&Ts WarnerMedia. It also follows Netflixs offer of another $2 billion in debt back in October 2018. The…
Addition to Ch.11 Bankruptcy Code – Small Business Reorganization Act (SBRA) – The National Law Review
Tuesday, April 23, 2019 Last month, Congress reintroduced theSmall Business Reorganization Act (SBRA), under which a new subchapter V would be added to chapter 11 of the United States Bankruptcy Code. This new subchapter would provide small businesses with aggregate liabilities that do not exceed $2,566,050 with an opportunity to resolve outstanding liabilities through a…
Online casino firms allowed addicted woman, 42, to rack up £125,000 debts in massive gambling sprees – Daily Mail
Online casino firms allowed addicted high-flying accountant, 42, to rack up 125,000 debts in massive gambling sprees and offered her bonuses to keep betting Katie, a 42-year-old once successful accountant, gambled on nine credit cards She said that the companies ignored obvious signs of her crippling addiction In a 24-hour spree Katie squandered 53,985 on…
Asset investment company placed in provisional liquidation – GOV.UK
Asset Backed Management Limited was placed into provisional liquidation on 12 April 2019 following an application issued by the Insolvency Service on behalf of the Secretary of State for Business, Energy and Industrial Strategy. The company has been selling asset investment opportunities to members of the public, including corporate bonds and alternative bonds, and was…