The department had originally been made aware the land could have been purchased in January, 2011. By January 2013, the Ottones had received close to $1.3 million in payments from the department before the completion of the housing project in 2014. CCC acting commissioner Scott Ellis, in an opening statement, told the hearing at the…
Shadow Minister for Employment, Industry and Small Business Brendan O’Connor. Source: AAP Image/James Ross. The pandemic has hit small businesses hard, with many about to go to the wall. At the end of this month an avalanche of insolvencies is predicted after a regulatory freeze on bankruptcies expires. To counter this, the Treasurer and Assistant…
NEW YORK (TNS) All they want for Christmas is their debt paid off. Students and elected officials huddled in the cold Monday to urge President-elect Biden to show some holiday spirit and wipe the slate clean on more than $90 billion of student loan debt across the state. U.S.Sen.Chuck Schumer, D-N.Y., said the new administration…
Dentsu International revealedin a Tokyo Stock Exchange filing on Monday that it will workto eliminate 12.5% of its46,560-person workforce, totaling aloss of about 6,000 roles, as part of its ongoing restructuring to reduceits agency brands from 160 to just six. The Financial Times first reported the job cuts. A Dentsu spokespersonattributed the staff cuts as…
Joe Biden promised he would push to cancel a significant portion of Americans student debt during his presidential campaign. Fulfilling this promise entails politically fraught decisions over how to do it and who would benefit. Mr. Biden, a Democrat, campaigned on forgiving hundreds of billions of dollars of student debt, starting with a $10,000 write-off…
Dubai-based baby products ecommerce platform Sprii has been placed into liquidation after running out of cash,MENAbytes has learned. A board resolution was passed to place the company into liquidation, appointing accounting firm Grant Thornton as its liquidator. Spriis founder and CEO Sarah Jones wrote a letter to stakeholders informing them about the decision. As a…
MILAN The Jeckerson brand, a trouser-maker known for its signature patched pants that reached the peak of its success in the early Aughts, was declared bankrupt by the court of Bologna, Italy, last month. But not all hope is lost: The brands manufacturing partner of 15 years, Perugia, Italy-based company C&S, said Monday it is…
8 December: In these uncertain economic times many organisations will be looking for support in restructuring their business. Ryan Grant, partner at BDO, says accountants looking for a new challenge can use their skills to make a difference and develop their career. If you like the idea of a dynamic, fast-paced working environment where you…
Author: Ellora MacPherson, Chief Investment Officer at Harbour Litigation Funding December 7, 2020 The whos who of doomed retailers makes for stark reading. And similar stories can be found in many economies around the world. There is no denying that while the pandemic has hit many sectors hard, high street retailers have suffered significantly with…
If your company has fallen on hard times, whether it be due to the financial strain of Coronavirus or an unrelated situation, it is vital to take immediate action. The best first step is to review our insolvency indicators and then become familiar with the Insolvency Guardian insolvency checklist. Taking immediate action when insolvent is vital, as companies…