The New Zealand High Court has declared Richard Yan bankrupt after the Shanghai businessman failed to come to the negotiating table in connection with more than NZ$60.9 million (US$36.6 million) he owes creditors of failed construction company Mainzeal. Associate judge Grant Brittain adjudicated Yan bankrupt on Thursday, following months of failed efforts to chase down…
Jonathan ChancellorDecember 7, 2020 The besieged real estate boss John McGrath has described reports of a $16.2 million gambling debt as “ridiculous.” His response came in a 5.55am Saturday morning email to staff. “This rubbish will not distract me and should not distract us,” he suggested. “Having just enjoyed a productive week, I was hoping…
Key takeaways A personal loan can fund expenses such as debt consolidation or medical costs. Personal loans tend to carry lower interest rates than credit cards, which can make them more affordable for borrowers. Before deciding to get a personal loan, you must consider potential downsides, such as high interest rates, steep fees and a…
Advertorial ARYZAs new head of corporate insolvency, Tom OConnor. Aryza, a leading provider of financial software solutions, announces the appointment of Tom OConnoras its Head of Corporate Insolvency. With an extensive career spanning over a decade in the insolvency sector and a proven track record in product development and client engagement, Tom brings invaluable experience…
By Ashley Nickel For Daily Mail Australia Published: 21:18 AEST, 4 June 2024 | Updated: 00:55 AEST, 5 June 2024 A Montessori childcare chain has entered voluntary administration. Seven Precious Cargo schools, a South Australian company founded by Cheryl Shi… Read the full article at: https://www.dailymail.co.uk/news/article-13492369/Precious-Cargo-Montessori-administration.html
KUALA LUMPUR: A 67-year-old man had to disown his son due to his gambling addiction and substantial debts. Retiree Wong Yock Sang said his 35-year-old son was a chronic gambler who borrowed from loan sharks to fund his lifestyle. “I exhausted my life savings to settle his RM240,000 debt in 2019 because he promised to…
Katie Price has been declared bankrupt for a second time. The former glamour model – who was previously declared bankrupt in 2019 – owes more than 750,000 to HM Revenue and Customs (HMRC) and failed to respond to the organisation over the debt, a court was told on Monday (19.03.24). Insolvency and Companies Court Judge…
Last week I scored a trifecta, managing to upset people in three ways. First, for my supposed anti-immigration stance, second, for hating on Elon Musk (the bromance is still strong with some readers, even though his car company is as bad as the rest in terms of spying on drivers) and, finally, from animal lovers…
One in fifteen European companies are facing significant pressure to restructure this year after being hit by higher financing costs and weakening consumer demand, with Germany, Austria and the Nordics particularly under strain, according to a report by Boston Consulting Group. Around a third of businesses in Germany and Austria also face what BCG dubs…
BERLIN, June 3 (Reuters) – Europe’s third-largest tour operator FTI Group filed for insolvency in the Munich regional court on Monday, the German company said in a statement, as bookings continued to fall even after a recent one-euro buyout proposal. In addition to sinking orders, multiple suppliers insisted on advance payments, which FTI is no…