It’s always a concern when you hear about football clubs crippled with debt. We know that better than most as Manchester United fans following 18-years of the Glazers having complete power at the club. Malcolm Glazer gradually increased his shareholding at Manchester United following his acquisition of John Magnier and J.P. McManus’s 28.7% stake in…
Above: Ben Eaton Starleaton administrators are recommending creditors accept a Deed of Company Arrangement put forward by company director Ben Eaton. Eaton has been confirmed as the ‘related party’ identified as offering a Deed of Company Arrangement (DOCA) the day before creditors were likely to vote that the business should enter liquidation. Starleaton administrators issued…
In short: Customers of a GJ Gardner Homes franchise had spent over a year urging the national company to intervene over ongoing workmanship problems and delays. The franchisee has now entered liquidation – but customers say it should have been resolved far sooner. What’s next: It follows the liquidation and bankruptcy of other GJ Gardner franchisees, but the…
By Mike O’Connor | 21 May 2024 Momento Photo Books, the Sydney-based photo book publishing company, is to close after 20 years in business. The company confirmed it had gone into liquidation in a Facebook post last night. “Despite every effort to keep the business alive, economic conditions of the last few years sealed our…
The outlook for creditors hoping to recover their dues from the liquidated Classic Financial Services One seems grim. According to the preliminary findings of the section 402 report, the company faces a significant shortfall, with its liabilities far outweighing its assets. Cobus Geldenhuis, director of Classic, was debarred in 2009 for dishonesty but continued his…
BHIWANDI: The Bhiwandi rural police arrested a youth on Sunday for allegedly murdering an elderly woman, stealing jewellery and setting her farmhouse on fire in Nashik district.As per the police, the man slit the woman’s throat, stole the ornaments kept in the house and set it on fire to destroy evidence.According to the police, the…
A POPULAR Glasgow restaurant has issued a major update on its future after “liquidation” fears. It was previously unknown whether Sapporo Teppanyaki would remain open after a notice in The Gazette appeared to show that the venue had collapsed. 1 A popular Glasgow restaurant has issued a major update on its futureCredit: Google The Ingram…
Start erasing your debt by taking the right strategic debt relief approach this August. Getty Images In recent years, inflation and higher interest rates purposely designed to tame it have left millions of Americans struggling to make ends meet. And while inflation has dropped substantially from a decades-high in June 2022, it’s still around a…
Student-loan forgiveness is among President Joe Biden’s key priorities as he finishes out his term, a top White House official said. Although Vice President Kamala Harris is accepting her nomination as the Democratic presidential candidate this week, White House chief of staff Jeff Zients told Axios that Biden will not let up on his work until he’s…
Developing countries are facing the worst debt crisis in history with almost half their budgets being spent on paying back their creditors, a study has found. The report, by the campaign group Debt Relief International for Norwegian Church Aid, says more than 100 countries are struggling to service their debts, resulting in them cutting back…