Struggling womenswear brand to close five stores

Cue Clothing will close five stores after the retail company went into voluntary administration. (Dean Lewins/AAP PHOTOS) Five womenswear stores will close just days after an Australian fashion retailer went into voluntary administration, as the receivers try to find a buyer for the struggling business. Sydney-based fashion business Cue Clothing Co, which operates women’s labels…

CIRIP Ghana urges distressed firms to seek early help

BY KINGSLEY ASAREThe Chartered Institute of Restructuring and Insolvency Practitioners Ghana (CIRIP Ghana) has urged financially struggling and distressed registered businesses to seek early professional intervention to revive their operations rather than resorting to winding up. He said the Corporate Insolvency and Restructuring Act, 2020 (Act 1015) and the Chartered Institute of Restructuring and Insolvency…

Credit Acceptance settlement provides $700 million in debt relief, restitution and penalties

More than 55,000 borrowers will have auto-loan debt erased under a $700 million settlement with subprime lender Credit Acceptance Corp., including about 2,500 New Yorkers, the state attorney general’s office announced. The agreement includes more than $630 million in debt relief, $60 million in restitution for consumers whose vehicles were repossessed and $15.5 million in…

Public Uproar Over Government Debt Relief: “Why Should We Pay for Others’ Debts?” vs. “It’s a Social Debt”

As the government has introduced a debt-adjustment policy to relieve small business owners who accumulated debt during the COVID-19 pandemic, fierce social controversy has erupted over the measure. Opinions are clashing between those who argue that “money that was borrowed must be paid back” and those who contend that “the country must help because this…

No Cookies | Daily Telegraph

Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…

No Cookies | Daily Telegraph

Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…

No Cookies | Daily Telegraph

Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…