November 18, 2020 Santander has acquired the core European business of collapsed German payments provider Wirecard. The Spanish banking group is paying 100 million for the business, which comprises the European payments platform and technology assets, according to the Financial Times. Wirecard was declared insolvent in June after a $2 billion accountancy scandal uncovered by…
Brynne Edelsten reveals surprising new job after going bankrupt and ‘living on a budget’ following divorce from multi-millionaire Geoffrey Has Brynne Edelsten served you at a bar recently? Email: [email protected] By Candice Jackson For Daily Mail Australia Published: 09:43 AEDT, 18 November 2020 | Updated: 10:31 AEDT, 18 November 2020 View comments She was once…
Totalbrand Limited (the company) entered creditors’ voluntary liquidation on 28 July 2016. The liquidators of the company assigned certain rights of action to Cage Consultants Limited (CCL) under s.246ZD of the 1986 Insolvency Act (IA86). These rights of action included claims against the directors of the company for misfeasance, and claims under IA86 relating to…
(Source: resort-elbrus.ru) The economic crisis in the Russian Federation has resulted in the central government further tightening its control over the republics of the North Caucasus. Ingushetia now faces a loss of its financial autonomy. Similarly, the property rights for a key tourist enterprise in Kabardino-Balkaria have been handed over to a federally owned company.…
{{featured_button_text}} CHARLESTON Blakeman Bridge near the main entrance to Lake Charleston is scheduled to be closed for repairs, starting Tuesday. The bridge will be closed during work hours and the work is expected to last two days, a news release from the Coles County Highway Department said. Support Local Journalism Your membership makes our reporting…
Credit ratings or credit scores can be tricky things to navigate and understand. To try and help make sense of it all, West Real Estate spoke with Loan Market State Director Western Australia Royden DVaz. With more than 25 years of experience in finance, Mr DVaz said credit scores were like a financial tattoo. A…
Recently we learned that two mall real estate investment trusts, or REITs, declared bankruptcy after the COVID-19 pandemic decimated their already-fragile businesses. Pennsylvania Real Estate Investment Trust (NYSE:PEI) and CBL & Associates (NYSE:CBL) were the first two victims of the pandemic, but will there be others in the mall REIT space? In this Fool Livevideo…
A home previously owned by MEP Mick Wallace which was the subject of legal proceedings after he was declared bankrupt has gone sale agreed. AIB placed his Clontarf home on the market after repossessing the property over unpaid mortgage debts. No 13 Clontarf Road, a three-bedroom bungalow in Dublin, had a price tag of 725,000…
Approached by The Australian Financial Review to comment, Mr Porter said: “The government is considering Australias personal insolvency settings to make sure they best support our economic recovery from the impacts of COVID-19, including considering the default bankruptcy period. “The nature of the personal insolvency system, and the bankruptcy default period, is that it necessarily…
Legislation setting out reforms to Australias insolvency framework has now been introduced into Parliament. The Corporations Amendment (Corporate Insolvency Reforms) Bill 2020 has now been introduced, laying out significant changes that the government contends will help small businesses restructure and survive the economic impact of COVID-19. The reforms are set to kick in from 1…