Shiny new buildings are opening up every day in Australia, but this list is not about them, ratherthe buildings that have seen better days. From a grand old Victorian-era pub in Queensland to an almost-ghost town in South Australia, theseeerie abandoned places once an important part of their communities are now largely forgotten. Broadway Hotel…
PUTRAJAYA does not have the luxury of time to get fatigued over the 1Malaysia Development Bhd (1MDB) scandal as the country could be declared bankrupt if debt obligations are not met, said prime minister Dr Mahathir Mohamad. In an interview with Focus Malaysia, Dr Mahathir was asked if Malaysians are growing tired of the controversy…
Share this article: A long-time manager at the CBS Employees Federal Credit Union in Studio City faces arraignment April 18 on federal charges for allegedly embezzling $40 million from his employer over two decades, leading the financial cooperative to be declared insolvent Friday by a government agency. Edward Martin Rostohar, 62, of Studio City, spent…
Napoleon Perdis has found a potential saviour in private equity firm KUBA Investments, which has offered to purchase the collapsed cosmetics business for an undisclosed sum. The deal, yet to be approved by creditors, would see prominent cross-border retailer Livia Wang and her business partner Henry Lee take control of the business, with an eye…
Make-up artist Napoleon Perdis has lost control of the cosmetics empire he founded 25 years ago, with administrators announcing a sale of the business to an Australian investment firm. Worrells, the insolvency firm which was put into Napoleon Perdis Cosmetics in January, said the sale to KUBA Investments would save 250 jobs and the Perdis…
A separated Limerick couple had almost 3 million worth of debt written off for a payment of 2,000 in a personal insolvency arrangement signed off by the High Court this week. The couple owed the bulk of the unsecured debt to Bank of Ireland arising from a failed hotel and newsagents business. They also owed…
Amid the ongoing fallout of the Hayne banking royal commission, another area of financial services has been subject to quieter reforms: the thriving market for debt agreement and debt consolidation arrangements. As anyone who listens to commercial radio would attest, theres no shortage of providers spruiking their wares as a panacea for indebted consumers…
… Read the full article at: http://www.switzer.com.au/the-experts/tim-boreham/debt-consolidation-sector-booms/
A Co Longford woman had 3 million worth of debt written off for a payment of 1,600 as part of a personal insolvency arrangement approved by the High Court this week. Josephine Cooney of Mostrim Road, Ballymahon, Longford was unable to pay her debts and sought a financial rescue under the States personal insolvency regime.…
Octagon, one of the largest construction companies in Romania, controlled by Greek businessman Alexandros Ignatiadis, filed for insolvency on March 22. The company had RON 65 million (EUR 14 million) turnover and RON 60 million (EUR 11 million) debtat the end of 2017. The company decided to file for insolvency itself after several of its…