The UKs National Union of Students has launched a mass action aimed at getting debt relief for students whose education has been disrupted by coronavirus, as experts warn against government proposals to push back A-level exams in 2021 for school-leavers who have been affected. The NUS said it is wanted students who have faced the…
Ishka in Warrnambool has reopened its doors after surviving both voluntary administration and the coronavirus crisis. Business owner Toby Darvall said the Kepler Street shop, which employees eight people, would continue to trade after being placed into voluntary administration on February 20. The shop remained open for about a month until an administrator shut all…
Mayfair 101 has appointed Barry Wight, Darryl Kirk and Rachel Burdett of Cor Cordis as voluntary administrators to protect the IPO Wealth Fund investors from the liquidation of assets. The decision to undergo a voluntary administration process is centred on providing IPO Wealths investors with the opportunity to convene a unitholder meeting and vote on…
McLaren is facing insolvency McLaren is set to go to court as part of its attempts to raise additional capital to stave off the prospect of going insolvent. The English marque has been hit hard by the COVID-19 pandemic, announcing it was shedding a quarter of its workforce in May. It is now looking to…
NORTHERN EXPOSURE NORTH Lakes, north of Brisbane, has emerged as one of Australia’s worst bankruptcy hot spots. According to figures from the Australian Financial Security Authority, the suburb in the heart of Brisbane’s mortgage belt had the highest per capita number of personal insolvencies at the end of March. The percentage was 0.096 per cent,…
A former retail worker who tried and failed to blackmail the Romeo family has been forced into bankruptcy by the man he roped in to the scheme with promises of repaying a $320,000 debt. Christopher Garuccio was sentenced to two and a half years in prison for attempting to scam more than a million dollars…
Click here to read the full article. PARIS As the tally of job cuts across the globe continues to mount, Swarovski plans to cull 600 positions, with the coronavirus crisis adding urgency to restructuring efforts at the historic, family-owned crystal-maker. In a bid to streamline the company, which is based in Austria and Switzerland, chief…
SAN JOSE, Calif., June 23, 2020 /PRNewswire/ –Of late, it seems that several debt consolidation advertisements surface just about every time I log on promising substantial savings if I consolidate all my debt onto a single loan. With the amount of debt in America staggeringly high, it’s not surprising that many people may consider this…
A wholly foreign-owned enterprise (WFOE) is a common investment vehicle for foreign investors wishing to operate in Chinas manufacturing, trading, or service sector. This corporate structure offers foreign investors full ownership and the autonomy to own property, form legally binding contracts, recruit local staff, and invoice in RMB. While the challenges to setting up a…
Credit: Winc Digital transformation services provider Crayon has inked an agreement to transfer Wincs software licensing business as part of its expansion plans in the region. The agreement will enable Winc’s software and cloud customers to leverage Crayons expertise in cloud economics, licensing and cost-optimisation services while also ensuring continuity on their transactional software and…