Borealis Maritime is expanding its fleet with pair of sub-panamax boxships bought for about $22.6m. The UK-managed operation has emerged as the buyer of the 2,510-teu Hermes (built 2006), one of four former Hansa Treuhand-financed sub-panamaxes that were declared insolvent in May 2016. The Hermes was bought for $10.3m and was delivered to its new…
EX-Geordie Shore star Chantelle Connelly has been declared bankrupt. Her financial troubles follow her GBH conviction for punching a woman in a brawl in Newcastle. BackGrid Chantelle Connelly poses in Marbella as it’s revealed she is bankrupt Official papers show the 28-year-old, who is this week sunning herself in Marbella with friends, asked to make herself…
The mother allegedly disappeared after the collapse of her marriage, which happened about the time she was declared bankrupt. The court heard she vanished during a custody dispute, and believed the girls were being abused by their father. There was no evidence to support that claim, the court heard. Since the woman was located, the…
A mother who allegedly fled Queensland with her twin daughters and hid them from their father for four years won’t be able to contact them under bail conditions. The 45-year-old was charged with two counts of child stealing after she was allegedly found with the girls, aged 11, in the NSW town of Taree two…
Mothercare is to close 50 stores with the potential loss of at least 800 jobs and is rehiring its former chief executive who was sacked only last month under a rescue plan designed to secure the future of the struggling baby goods and maternity retailer. The group said Mark Newton-Jones, who was ousted in April,…
The UKs largest personal insolvency provider has announced its expansion with the opening of a new office and subsequent recruitment drive in Greater Manchester. Creditfix, which looks after tens of thousands of people who struggle with their money each year, has confirmed significant expansion in their office in Lowry Mill in Swinton, Salford. The new…
The mother allegedly disappeared after the collapse of her marriage, which happened about the time she was declared bankrupt. The court heard she vanished during a custody dispute, and believed the girls were being abused by their father. There was no evidence to support that claim, the court heard. Since the woman was located, the…
A mother who allegedly fled Queensland with her twin daughters and hid them from their father for four years has been granted Supreme Court bail. The 45-year-old was charged with two counts of child stealing after she was allegedly found with the girls, aged 11, in the NSW town of Taree two weeks ago. She’s…
Liquidators for failed reseller Warehouse1 have indicated that the company may have traded while insolvent as early as seven months before its collapse. Warehouse1 sank into liquidation in February after four years of operating an online IT retail store and brick-and-mortar location in Melbourne, appointing SV Partners to handle the liquidation. While SV Partners said its…
In this 12-part Cadence Investing Series, we discuss several aspects of the investment process and how it actually works in practice. Topics covered include market psychology and fundamental analysis, and aim to provide the reader with a first-hand view of how financial theory stacks up in real world situations. ———————————————————————————— This is the first of…