The sale of the business and related fixed assets returned $515,000. A further $138,596 was recovered through the sale of other fixed assets at auction. The liquidators said they made distributions to secured creditors totalling $341,212. This included $310,961 relating to a claim from Heartland Bank. Preferential employee wages and holiday pay of $37,852 was…
Over the last year, a number of smaller and mid-size hotels have struggled to stay afloat and ended up filing for bankruptcy protection. The company behind hotels such as The Tuscany and Hotel 27 in New York City suddenly shut down operations in September 2025 in a situation that left guests from different parts of the world…
Trump announces support for legislation to cap credit card interest rates at 10% per annum for one year Consumer Finance Monitor Read the original article here
Red flags were raised about a now-closed Central Otago cafe mere months before it went into liquidation owing more than $400,000. A prominent Dunedin catering company got the sense things were not going well for Recharge Enterprises Ltd, which operated Clyde’s former Recharge Bar and Cafe, and took action. The cafe has been sold and…
You can also listen to this podcast on iono.fm here. CIARAN RYAN: It’s the start of a new year, and that carries a new set of risks and challenges, especially after the 38% increase in the JSE last year, 2025. For many people this is a time of reassessing their portfolios and making changes. But…
State’s $10M investment concludes with $1.6 billion in total debt abolished for over 900,000 New Jerseyans since program launch TRENTON — In the final phase of its statewide Medical Debt Relief Initiative, Governor Phil Murphy’s administration announced that approximately 60,000 New Jersey residents will see $100 million in medical debt erased. The relief is part…
Ad Hoc Stakeholders Committee Files Motion for Joinder to Linqto Founder’s Explosive Objection in FinTech Firm’s Chapter 11 Case manilatimes.net Read the original article here
KUWAIT CITY, Jan 21: Undersecretary of the Ministry of Social Affairs Dr. Khaled Al-Ajmi confirmed that the third national campaign for debtors launched by the ministry is a resounding success, with donations exceeding KD15 million — the highest compared to the previous two campaigns. In a televised interview, Al-Ajmi asserted this is a clear indication…
The trial of Tom Goldstein continues this week and has featured testimony from multiple government witnesses, including a high-stakes poker player who claimed he had trouble recovering a seven-figure poker debt from the embattled lawyer. Bob Safai, a California real estate mogul and high-stakes cash game player, testified on Tuesday about high-stakes poker matches he…
Credit card debt forgiveness programs can erase a sizable portion of your outstanding balances now. Getty Images/iStockphoto If you find yourself saddled with credit card debt at the start of 2026, you may be eagerly searching for any potential solutions. While a reduction in credit card rates may help, the reality is that even with…