Mansfield Building Society has reinstated its 90% loan-to-value (LTV) cap for debt consolidation cases to help borrowers seeking to remortgage to manage their finances more effectively. The return to 90% LTV for debt consolidation will enable homeowners to access a greater portion of their property’s value when seeking to consolidate debts, addressing a key challenge…
Tuition.io Lands Debt Funding from ORIX Corporation Finovate Read the original article here
75-Unit Burger King Franchisee Declares Bankruptcy QSR Magazine Read the original article here
Jeanswest’s 53 years of operation in Australia are set to end. Photo: Facebook. Jeanswest is the latest clothing outlet to end its operations in Australia, after it was announced its parent company, Harbour Guidance Pty Ltd, had entered voluntary administration. Across the Region network, stores will close in Tuggeranong, Bega, Wollongong, Albury and Griffith. Across…
The Interchange Health Cooperative practice in South.Point, Tuggeranong closed on Monday. Photo: Facebook. Canberra’s bulk-billing crisis has worsened with the closure of the Interchange Health Cooperative (IHCO) practice in Tuggeranong, which had almost 5000 patients on its books. The six-year-old 100 per cent bulk-billed general practice and allied health service at South.Point called in administrators…
Veteran builder collapses with $20m debt as last-ditch rescue fails The Australian Read the original article here
GrowthOps, the parent company of agencies including AJF Partnership, Khemistry, and APD, has entered administration and is undergoing liquidation for most of its entities. Administrators, Katherine Sozou and Damien Pasfield of McGrathNicol, were appointed on 31 March to oversee the voluntary administration process of three business units – GrowthOps Limited, Asia-Pacific Digital (APD) and a…
Nearly one in 10 hospitality and food services businesses closed in the past year, as cost pressures force Australians to rein in spending. A record-high 9.4% of food service and hospitality businesses shut their doors in the year to March, as economy-wide insolvencies surged 17% year-on-year, according to CreditorWatch data. Six of the seven industries with…
The Cubitt’s Display Centre in Fyshwick. Eleven projects were affected in the ACT. Photo: Cubitt’s. A 30-year-old, family-owned building company has gone into liquidation, but clients will have their projects completed after the sale of parts of the business. Cubitt’s Granny Flats and Home Extensions was formally placed into liquidation at a creditors meeting last…
Genomic testing company 23andMe, which was known for hosting “spit parties” to collect saliva samples so customers could find out their ancestry, has filed for bankruptcy. It comes after years of struggling to make a profitable business model and a reputational hit from a massive data breach in 2023. Now the company’s assets are set…