In short: The company which operates the Peko mine in Tennant Creek has been placed into voluntary administration. Elmore has told the Australian Stock Exchange it is “insolvent or likely to become insolvent at some future time”. What’s next? Employees have been told they still have jobs and will continue to be paid a wage, as administrators assess…
The Australian Digital 12 Month Plan costs $416 (min. cost) for the first 12 months, charged as $32 every 4 weeks. This automatically renews after the first 12 months to be charged as $32 (min. cost) every 4 weeks. Renewals occur unless cancelled as per full Terms and Conditions. No cancellations during the first 12…
Sign up to receive the Vogue Business newsletter for the latest luxury news and insights, plus exclusive membership discounts. In shock news to the industry, Australian New York-based designer Dion Lee has appointed voluntary administrators to the brand’s Australian business. The brand is the fourth independent label this week to raise alarm. Whereas the other three…
Major private debt collector Panthera Finance has appointed new directors and put parts of the company into administration as it seeks to sell off its scandal-plagued business. Last month, Guardian Australia revealed Panthera, one of the country’s biggest private debt collection firms, had circumvented a blacklisting designed to stop it from operating in Victoria and…
Constance Hall has put her online fashion business into voluntary administration. The mother-of-six took to Facebook late Thursday evening to announce she would be shutting up shop on Queen The Label after being ‘stressed out for seven years’. In a long-winded post, Constance, 40, said she ‘dreaded’ breaking the news, and that administrators will be coming…
You can start erasing $25,000 in credit card debt by taking certain steps now. Rob Hyrons/Getty Images Compounding interest on credit card balances can quickly snowball for cardholders, which is why it’s imperative to pay your balance in full each month to avoid costly interest charges. Tackling credit card interest before it gets out of…
2U, a fading giant in the online program manager space, announced Thursday it had filed for Chapter 11 bankruptcy. While the company said the process will put it back in a competitive position, experts said the filing creates an incentive for longtime customers to rework their contracts or finally jump ship from an OPM plagued…
On Thursday, the Supreme Court of India declined to defer or impose a stay on the operations of a Committee of Creditors (CoC) recently established to oversee the corporate insolvency resolution process (CIRP) for the ed-tech firm Byju’s [Glas Trust Company LLC v. Byju Raveendran and ors]. The Bench, comprising Chief Justice of India (CJI)…
Indian ed-tech giant Byju’s insolvency case fans employees’ fears Reuters India Read the original article here