Why a progressive approach might be a national intervention. Ad Policy An interior view of the betting odds video board at the Westgate Superbook ahead of the Super Bowl LVIII on February 9, 2024, in Las Vegas, Nevada.(Aaron M. Sprecher / Getty Images) “An illness, progressive in its nature, which can never be cured, but…
PA Media Nottingham City Council made the announcement on Wednesday Nottingham City Council has declared itself effectively bankrupt, meaning it will stop all spending other than services it must provide by law. A recent report said the Labour-run council was set for a £23m overspend in the 2023-24 financial year. The council’s chief finance officer…
Why are local authorities going ‘bankrupt’? Commons Library Read the original article here
Richard Yan’s holding company in liquidation BusinessDesk Read the original article here
Nicole Tyson, counsel for Kingston’s trustee in bankruptcy, told the Federal Court last week that Kingston had further bank accounts and, potentially, assets in Hong Kong that required investigations to learn more about his financial position. The court heard the $151 million provided to the Sargon-associated company by the Chinese financier appeared to have been…
The business belonging to a man twice named Young Australian of the Year, and who was later convicted of fraud, has collapsed with debts exceeding $1 million. Earlier this month, the NSW Supreme Court ordered Braaap Motorcycles Pty Ltd into liquidation. Braaap was a motorbike distributor that sold brand new or used bikes, or leased…
Pay dispute at Napier development: More companies come forward with claims of unpaid bills Hawkes Bay Today Read the original article here
David Meldrum: warning Company directors are being urged to avoid engaging rogue unlicensed insolvency advisers or risk severe financial penalties, being struck off as a director or at worst, a prison sentence, warns an accountancy firm. “It is very concerning that some directors are engaging the services of unlicensed advisers, often in the belief that…
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously said that ‘Volatility is far from synonymous with risk.’ So it might be obvious that you need to consider debt, when you think about how risky any given stock is, because too much debt…
A 33-year-old Hunter Valley family-owned company specialising in textiles, fabrics, canvas and PVC products with 65 staff members is now for sale after entering voluntary administration. Late last week, Sule Arnautovic from Salea Advisory was appointed voluntary administrator of Rutherford-based Wax Converters Textiles – a specialist that provides textiles to a wide variety of companies…