Germany has experienced an increase in corporate bankruptcies as 5,209 companies filed for insolvency in the first quarter, according to the Federal Statistical Office, or Destatis. The first three months of this year saw a 26.5-percent increase in bankruptcies compared to the same period last year and an 11.2-percent increase compared to 2020 before pandemic-related…
Last Updated on August 14, 2024 by BVN Overview: President Biden has taken another step towards student debt relief for approximately 30 million Americans, with the proposed rules bringing the total number of borrowers eligible for relief to over 30 million. The rules, if finalized, would provide partial or full debt relief for borrowers who…
RetireAustralia says it is committed to completing the 42 independent living apartments at Tarragal Glen Retirement Village at Erina despite the building company entering into voluntary administration. Stevens Construction (NSW) Pty Ltd, a major Central Coast company, announced on May 27 it had entered voluntary administration after almost two decades in the construction industry. Described…
An Actura tour photo posted on the official Merici College Facebook page in July 2023, accompanied by a post that read: “Our NASA Junior Space school update: Day 2 – morning at the hotel for Opening Ceremony”. Parents of Merici College Canberra students left out of pocket by the sudden liquidation of an educational tour…
You’d be hard-pressed to find a worse news cycle for Major League Baseball than the one currently involving Shohei Ohtani, the new Los Angeles Dodgers star and global face of the sport engulfed in a scandal involving Ippei Mizuhara, his closest companion since arriving in MLB in 2018 and his longtime interpreter. The story features…
When ex-US President Donald Trump woke up on Saturday (Feb 17), his total legal debt obligations had soared to over half a billion dollars. A day before, a New York Judge ruled that he must cough up more than $350 million plus pre-judgment interest for intentional financial fraud stretching more than a decade. According to…
The future of Regional Express Airlines, or REX, is literally up in the air with the financially troubled carrier going into voluntary administration overnight. A notice posted on the airline’s website says all regional planes are still flying as scheduled, but jet services between capital cities have been cancelled. REX is still taking bookings in…
On its face, the shuttering of Tally, a FinTech focused on helping consumers manage credit card debt, offers a snapshot of how tough fundraising is in the technology arena, how cash, once burned, is tough to replenish. Beyond the cautionary tale for FinTechs overall in terms of business economics, there’s also a highlighting of the…
Aaron Salvestrin was once touted as a rising star of the industry. Photo: Sans Pareil. Griffith winemaker Aaron Salvestrin declared himself bankrupt just seven days after the Supreme Court ordered him to pay back several million dollars to creditors, an exclusive Region investigation has revealed. The 29-year-old’s winery Sans Pareil Estate went into liquidation in…
W Worrells More We are registered liquidators and registered bankruptcy trustees, with more registered bankruptcy trustees than any other private practice/brand in Australia. Complementing our insolvency brand are Principals with certified fraud examiner and forensic accountant qualifications. Regarding corporate insolvency appointments, the economic impact of…