Using the same or similar name of a company that is in insolvent liquidation is prohibited by s 216 of the Insolvency Act 1986 (IA). A director who acts in breach of s216 by being a director of, or being involved in the promotion, formation or management of a company that is using a prohibited…
GOP leaders mull a big debt-and-funding deal with Democrats POLITICO Read the original article here
Jeffries says attaching debt limit to wildfire aid is ‘nonstarter’ WGHP FOX8 Greensboro Read the original article here
Gaming suppliers holding $16.4 billion in debt – CBRE Asia Gaming Brief Read the original article here
Jeffries says attaching debt limit to wildfire aid is ‘nonstarter’ KFOR Oklahoma City Read the original article here
Bensons Property Group called in administrators on the day a fund managed by Macquarie Private Bank’s former head Guy Hedley tipped the developer with a near $1.5-billion pipeline into receivership. The Melbourne developer – which has total debts of about $812 million according to documents filed to the corporate regulator – went into voluntary administration…
While people contacted the helpline for a variety of reasons, the main ones were: housing stress, including mortgage, rent, rates and body corporate fees; utilities; credit card debt; personal loans; buy now pay later; and debts to the Australian Taxation Office. Read the original article here
Image Credit: Getty Images on Unsplash “While in the hospital I was [racking] my brain on how in the world I could bring in some money and pay our incoming medical bills while staying home with a medically complex child.” That’s how Mallory Rose described the first few weeks with her newborn daughter, who was…
The Australian government is stepping up its financial support for troubled regional carrier REX Airlines. On January 23, 2025, it became known that the Australian administration is allocating A$50 million (around US$31.3 / €30.1 million) to purchase guaranteed debt from the airline’s largest creditor, PAGAC Regulus Holdings (PAG), a private equity firm. As a result,…
CLEO Energy Corp. (“CLEO” or the “Company”) has filed a Notice of Intention to Make a Proposal (the “NOI”) pursuant to section 50.4 (1) of the Bankruptcy and Insolvency Act (the “BIA”) and Alvarez & Marsal Canada Inc. (“A&M”) is acting as Proposal Trustee of CLEO for the NOI process. A sale and solicitation process…