A travel company that organised overseas school trips has collapsed into liquidation, owing more than $2 million to hundreds of high school students. David Coyne from BRI Ferrier was appointed as liquidator of Educational World Travel (EWT) on November 30. The business has been operating overseas trips for school students, including its GDay USA program,…
By Daniel Leussink 2 Min Read * G20 debt relief requires vigilance: U.S. Treasury Undersecretary McIntosh * Initiative has helped 46 countries defer over $5 billion in debt service payments: McIntosh * Need for extra economic aid remains: McIntosh (Adds quotes on extra economic aid) TOKYO, Dec 8 (Reuters) – Continuing vigilance is needed to…
Many Texas residents are struggling with tens of thousands of dollars in credit card debt and personal loans, made even worse due to financial problems caused by the COVID-19 pandemic. There are options to resolve overwhelming debt problems without a new loan or bankruptcy, and Debt Redemption Texas Debt Relief might be your answer. Many…
The partial collapse of one of Australia’s most well-known construction companies has left a vast number of creditors in the dark about where they stand and whether they will retrieve any money owed to them. Key points: Some creditors do not believe anyone will be paid Not all of Grocon is being put into administration…
Senate Minority Leader Chuck Schumer, Democrat of New York, holds a press briefing on Capitol Hill in Washington, DC, on November 6, 2020. Nicholas Kamm | AFP | Getty Images Senate Minority Leader Chuck Schumer, D-N.Y., has called on President-elect Joe Biden to forgive up to $50,000 for student loan borrowers. “Ahead of the new…
By Daniel Leussink 2 Min Read * G20 debt relief requires vigilance: U.S. Treasury Undersecretary McIntosh * Initiative has helped 46 countries defer over $5 billion in debt service payments: McIntosh * Need for extra economic aid remains: McIntosh (Adds quotes on extra economic aid) TOKYO, Dec 8 (Reuters) – Continuing vigilance is needed to…
Part of NRDC’s Year-End Series Reviewing 2020 Climate & Clean Energy Developments With millions of Americans drastically behind on their energy and water utility bills, no additional federal assistance on the horizon, and moratoria on utility shutoffs expiring, the United States is facing a deepening economic and public health crisis. While some states and utilities…
By Reuters Staff 1 Min Read FILE PHOTO: Brent McIntosh, General Counsel, U.S. Department of the Treasury, speaks at the 2019 Milken Institute Global Conference in Beverly Hills, California, U.S., April 29, 2019. REUTERS/Lucy Nicholson TOKYO (Reuters) – U.S. Treasury Undersecretary for International Affairs Brent McIntosh said on Tuesday that continuing vigilance was needed to…
Dubai-based online marketplace for mothers and children, Sprii, has hired Guy Wall of Grant Thornton as the companys liquidator after its dual quest of raising additional funding and selling the business, went south. A board resolution passed on December 6 has formally placed the company into liquidation. I have been advised that the liquidator is…
By Wayne Robinson | 8 December 2020 Creditors at print giant Ovato have unanimously agreed to support the companys restructuring plan, which will see unsecured creditors take a 50 per cent haircut on outstanding invoices, the company closing its Victoria print operation, and receiving a $40m cash injection. Unanimous approval: Michael Hann and Kevin Slaven…