The regulator has cancelled the Australian Financial Services licence (AFSL) and credit licence of Ultiqa Lifestyle Promotions Limited. Ultiqa Lifestyle Promotions, which is in liquidation, has seen its AFSL and credit licence cancelled following an Australian Financial Complaints Authority (AFCA) determination. On 28 June 2024, AFCA made a determination against Ultiqa, which it failed to…
Administrators KPMG placed Beston Global Food into liquidation on Monday, having failed to find a buyer for the beleaguered dairy business which collapsed late last year. KPMG was appointed administrator in September after a divestment of its meat processing subsidiary failed to prop the company up. At the time, the company said it had received…
UCT and SRC strike deal to help students with outstanding debt MSN Read the original article here
Flying Taxi Startup Faces Insolvency – Again IoT World Today Read the original article here
Nearly 3 million more families would be eligible to receive the £150 Warm Home Discount next winter under new proposals to help people with their energy bills 1 in 5 families in Britain would get help with their bills through these proposals, giving households a helping hand to deal with an unpredictable international energy market…
New York CNN — Joann, the fabrics and crafts retailer, has filed for bankruptcy for a second time within a year and announced that it’s seeking a sale. The 82-year-old retailer said in statement Wednesday that sluggish sales and inventory issues forced Joann to file for Chapter 11 again. Joann first filed for bankruptcy in…
Pan Brothers Closes In on $537 Million Debt Restructuring Bloomberg Read the original article here
Repeat offender Leslie Crossland again breached the rules of his director disqualification by managing two companies when he was not allowed to do so He also committed a bankruptcy offence in 2020 during the course of interviews with Insolvency Service officials Crossland was assisted in breaking his director ban by his son, Richard Crossland, who…
(Bloomberg) — Creditors of Austrian motorcycle maker KTM AG have approved a restructuring plan that will write off 70% of what they’re owed. The company now has three months to secure about €800 million ($840 million) of cash to finance the turnaround. Citigroup Inc. is leading the fundraising effort and KTM parent Pierer Mobility has…
Tesla Automation GmbH, a subsidiary of Tesla Inc. TSLA, has reached an agreement to purchase assets from the German technology company Manz AG. According to the press release issued on Tuesday, the deal involves acquiring Manz’s Reutlingen facility along with over 300 employees working there. Tesla Automation plans to manage this new location moving forward.…