What to Know Ippei Mizuhara, 39, agreed to plea guilty to one count of bank fraud and one count of subscribing to a false tax return as part of a deal with prosecutors. The former interpreter for Shohei Ohtani could face up to 30 years in federal prison under the plea deal. The investigation into…
Work has halted on 21 building projects in Queensland and NSW after construction firm St Hilliers called in administrators over the weekend, a casualty of the flagging building sector where insolvencies last year hit an all-time high. Administrators WLP Restructuring partners Glenn Livingstone and Alan Walker said they have secured sites and paused work on…
A caravan manufacturing company has collapsed with debts of more than $1 million. On Tuesday, Victorian-based Highline Caravans Pty Ltd went into voluntary liquidation. The Melbourne company designed and built custom caravans for customers. Highline Caravans has been a registered business for 11 years, since 2013, and offered 13 different models to customers including an…
Sydney couple Sam Peppou-Chapman and Mina Askovic have a choice to make. They have dreams of buying a home, but are still in the process of paying off their $60,000 combined student debt. Fortunately for the pair, they have been offered support from the Bank of Mum and Dad, but they are undecided whether to…
Next insolvency announced in unfolding Signa Sports drama Bike Europe Read the original article here
Booktopia Group and its subsidiaries have entered voluntary administration two weeks after calling a trading halt at the ASX-listed online retailer which raised fears for its financial future. Keith Crawford, Matthew Caddy, and Damien Pasfield from McGrathNicol Restructuring have been appointed as administrators on 3 July 2024 and are now assessing Booktopia’s business and exploring…
MGM Resorts International has denied reports that Bruno Mars has a US$50mil (RM234mil) gambling debt with its casino. In a statement to American entertainment publication Variety, MGM Resorts said the allegations of Mars’ debt are false. “We’re proud of our relationship with Bruno Mars, one of the world’s most thrilling and dynamic performers,” wrote MGM…
PA Media Katie Price has been declared bankrupt for a second time over an unpaid tax bill of £761,994.05. The former glamour model had not responded to HM Revenue & Customs (HMRC) over the debt, a court was told on Monday. The demand for payment was made by HMRC last October. Price – who was…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Corporate insolvencies in England and Wales rose to their highest level since 1993 last year, according to official figures that lay bare the challenges facing companies amid slowing demand and high production costs. There were 25,158…
The world’s poorest countries are facing a growing debt crisis. The International Monetary Fund (IMF) reported last fall that more than half of low-income developing countries are in or at high risk of debt distress, and about one-fifth of emerging markets have sovereign bonds trading at distressed levels. Meanwhile, in many lower-middle-income countries, escalating debt…