Fashion startup The Daily Edited gets another life after voluntary administration – Startup Daily
Fashion startup The Daily Edited gets another life after voluntary administration Startup Daily Read the original article here
Are we spoiling the kids by paying off their HELP debt?
Dear Ms Wise, how can we help out our kids without spoiling them? With HECS indexation up to 7 per cent, I’d argue it’s well worth paying down this debt for them. But my wife disagrees and says they need to find their own way financially. Rob The wisdom: Financial planner Marisa Broome agrees it’s…
Renewcell was going to change fashion. Why did it suddenly go bankrupt? – Fast Company
Renewcell was going to change fashion. Why did it suddenly go bankrupt? Fast Company Read the original article here
‘We’re all busy again’, say UK restructuring experts
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Company insolvencies are running at a 30-year high in the UK, signalling a busy year ahead for corporate restructuring and bankruptcy specialists. More than 25,000 companies in Britain registered as insolvent in 2023, a 14…
Study finds 4 per cent of suicides in Victoria are gambling-related, but number may be much higher
Jake Van Berlo was popular, outgoing and good at everything he did. Whether it was sport or school, he nailed it. Key points: A new study has found 4 per cent of suicides in Victoria between 2009 and 2016 were gambling-related Researchers believe the number is a lot higher, because people are often ashamed of their…
SmileStyler, backed by Melbourne-based businessman Paul Docherty of BRC Capital, may have operated insolvent for 18 months: McGrathNicol
Administrators of troubled dental supplier SmileStyler have found the company backed by Melbourne-based businessman Paul Docherty may have been trading while insolvent for at least the last 18 months, subject to further investigations. The findings are contained in a preliminary report to creditors filed with the Australian Securities and Investments Commission (ASIC) on January 12.…
Company collapses owing $2m, only $6 left – news.com.au
Company collapses owing $2m, only $6 left news.com.au Read the original article here
Why Debt Relief Matters to the Wealthy West
As many low- and middle-income countries (LMICs) grapple with a sharp rise in payments on their sovereign debt in the wake of the COVID-19 pandemic and the war in Ukraine, leaders across the world are calling for urgent debt restructuring and reforms to the development financing system. Their calls are often framed in humanitarian and…
UK synth company Modal Electronics declared insolvent and goes into administration
UK Government records indicate that UK synth manufacturer Modal Electronics has gone into administration. Records on Companies House show that the last time Modal filed accounts was in 2021, and that it was declared insolvent and went into administration on 8 September 2023. From its budget Craft and Skulpt synths through to the high end…