Getty Digital marketing agency No Standing has gone into voluntary liquidation, leaving 17 staff without jobs and with pay owing, according to documents lodged with corporate regulator ASIC. Daniel Juratowitch of Cor Cordis has been appointed liquidator for the full service Melbourne-based agency founded in 2016. He estimates the company owes more than $2.5 million.…
The average student loan will increase by more than $1,200 this year amid calls for the federal government to fix what critics say is a “broken system”. Higher Education Loan Program Debt (HELP) debts, such as HECS-HELP, increase each year under indexation. This is calculated after the publication of the March quarter inflation data, which was…
Miss Universe’s Thai owner is seeking a debt rescue. Media distribution company JKN Global Group has filed for bankruptcy, CEO Jakkaphong Jakrajutatip announced in a letter to shareholders yesterday (Nov. 9). The petition for business rehabilitation was filed the day prior, it said. M&M maker Mars is acquiring Pop-Tarts maker Kellanova in one of the…
The federal government will guarantee Rex flight bookings for existing and future customers as the budget carrier undergoes voluntary administration. Regional flights have continued while a buyer or financial lifeline is sought for Rex. The federal government will guarantee Rex flight bookings for customers as the budget carrier undergoes voluntary administration. (Getty) Minister for Infrastructure,…
Charles Barkley reveals potential $25M gambling losses / News BasketNews.com Read the original article here
Discount retailer 99 Cents Only has declared bankruptcy as it prepares to shutter its stores. The company announced its Chapter 11 filing Monday (April 8), days after it said it was closing all of its 371 locations in the southwestern part of the country. “This was an extremely difficult decision and is not the outcome we expected or hoped…
The Body Shop has filed for bankruptcy in the US and Canada and is struggling to pay suppliers in Australia as the group’s most profitable overseas businesses struggle with cash shortages after its UK parent’s collapse last month. The US arm of the ethical cosmetics group has ceased trading at its 50 outlets. On Saturday,…
With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership: five institutions working for sustainable solutions that reduce poverty and build shared prosperity in developing countries. Read the original article here
Dunfast Pty Ltd has been wound up. Photo: Frogman1484. Transport business Dunfast Pty Ltd, which trades under the name Griffith Fast Freight, was wound up in insolvency by the Federal Court on Friday (8 March), ending a decade in operation. According to court documents obtained by Region, the wind up motion was lauched by the…
In short: The NSW Supreme Court has appointed liquidators for the Gateway Marina at Burnett Heads. Liquidators find companies owe $7.9million to creditors. What’s Next? Developer Simon Harvey hopes the project will continue under new ownership. A $250 million marina development on the edge of the Great Barrier Reef has gone into liquidation, owing millions of dollars…