The Indian label has been suffering from financial troubles for years and is now facing legal action from vendors and employees alleging unpaid wages,according to a report by the New York Times. Earlier this year, Arora parted ways with his long-time business partner Deepak Bhagwani, who told the NYT that thebrandsFrench holding company went into…
There are growing fears about the number of zombie companies being artificially propped up by wide-ranging government support and the damage they could do to other small businesses. Data from the Australian Securities and Investments Commission shows the number of companies entering administration in WA in September was down almost 42 per cent on last…
A home previously owned by MEP Mick Wallace which was the subject of legal proceedings after he was declared bankrupt has gone sale agreed. AIB placed his Clontarf home on the market after repossessing the property over unpaid mortgage debts. No 13 Clontarf Road, a three-bedroom bungalow in Dublin, had a price tag of 725,000…
Member Article Corporate insolvencies decreased to 856 in October 2020 compared to Septembers figure of 925, and remained well below October 2019s figure of 1,485. Personal insolvencies increased to 11,939 in October 2020 compared to Septembers figure of 7,458, and were higher than October 2019s figure of 10,030. Eleanor Temple, chair of the insolvency and…
Monday, 16 November 2020, 4:02 pmPress Release: Bayleys Realty Group A Kiwi-designed tourism and hospitality software system and business has been placed on the market for sale by its liquidators Lynda Smart and Geoff Brown of Rodgers Reidy. The business and IT software system allow small-to-medium sized tourism and hospitality operators to take third-party on-line…
Related Articles GamCare has shown its support for the Money & Pensions Services (MaPS) annual Talk Money Week (#TalkMoney) national campaign, which encouraged the general public to openly speak about their personal finances. Hosted from 9-13 November, the #TalkMoney campaign placed financial concerns related to problem gambling as a key topic, as the public finance…
Approached by The Australian Financial Review to comment, Mr Porter said: “The government is considering Australias personal insolvency settings to make sure they best support our economic recovery from the impacts of COVID-19, including considering the default bankruptcy period. “The nature of the personal insolvency system, and the bankruptcy default period, is that it necessarily…