The firm had a portfolio worth more than $400 million, ranging from luxury apartments and affordable housing to retail projects, but on Friday formally went into liquidation, according to documents filed with ASIC. Creditors have been told to submit their debts or claims by August 5. Stevens Construction has collapsed two months after going into…
New Student Debt Relief Policies Fix Broken Promises and Benefit Borrowers Most in Need Center For American Progress Read the original article here
SpiceJet (SG, Delhi International) is facing a fresh bid to have it declared insolvent after three special purpose vehicles (SPVs) controlled by lessor DAE Capital launched legal action at India’s National Company Law Tribunal (NCLT) last month. According to open-source NCLT records, AWAS 36698 Ireland Limited, AWAS 36695 Ireland Limited, and AWAS 36694 Ireland Limited…
Media release by The Hon Catherine King MP Wednesday 31 July 2024 https://minister.infrastructure.gov.au/c-king/media-release/rex-enters-voluntary-administration Overnight it was announced that Regional Express Holdings and a number of its subsidiaries have entered voluntary administration. Samuel Freeman, Justin Walsh and Adam Nikitins of Ernst & Young Australia (EY Australia) have been appointed Joint and Several Voluntary Administrators by the…
Getty Image Former Toronto Raptors forward Jontay Porter was banned from the NBA for life in April after he was found to have bet on NBA games, including those in which he plays. Why would Porter, the younger brother of Nuggets star Michael Porter Jr., risk his career in such a bold way? Well, Stefan…
Henrik Fisker stands with the Fisker Ocean electric vehicle after its unveiling at the Manhattan Beach Pier ahead of the Los Angeles Auto Show and AutoMobilityLA in Manhattan Beach, California. on Nov. 16, 2021. Patrick T. Fallon | AFP | Getty Images Fisker on Monday became the latest all-electric vehicle startup to file for Chapter…
Update—Recaro and BBS America have provided the following statements to Motor1: Recaro Automotive GmbH, headquartered in Kirchheim unter Teck, has filed for insolvency with the Local Court of Esslingen. The company encountered significant financial difficulties due to extreme price increases in recent crisis years and the loss of a major contract. The effects of legacy…
If you’ve been watching your card debt grow recently, now is the time to do something about it. Getty Images Americans are, unfortunately, no strangers to credit card debt, and a new Federal Reserve Bank of New York report shows just how quickly those problems are compounding. The total credit card debt nationwide hit a…
Supreme Court revived insolvency proceedings against edtech company Byju’s on Wednesday following a lawsuit from US lenders. Byju’s says it is the “world’s largest education technology company”. It offers online tutorials on subjects such as maths, physics and chemistry for school students.(Bloomberg) The latest court order deepens a crisis that has seen the one-time market…
‘They all say that’: Bodega liquidation report floats insolvent trading Toowoomba Chronicle Read the original article here