The family home of Dominic Chappell, the former owner of BHS, was on the brink of being repossessed before cash from the department store chain was used to pay off the mortgage. The Guardian has learned that financial company Amicus initiated legal proceedings against the Chappell family to repossess the property unless their debts were…
China needs to attack its corporate debt problem quickly and there are lessons to be learned from other nations. Getty Images by David Lipton The Chinese economy has slowed in recent years, but it is still a strong performer, contributing about one-third of total economic growth worldwide. It is also becoming more sustainable, in line…
The World Game understands Brisbane are on the brink of financial collapse unless owners the Bakrie Group can provide an instant and significant cash injection to the club. Cobb was sacked on Wednesday by the Bakrie Group. The extent of the problems he has left behind are only just coming to light. With six weeks…
FORMER Kleenmaid franchisee Ralph Huston may have been able to recover from the loss of $40,000 to rebuild his business in the wake of that corporate collapse. He clearly can also afford forgiveness in his assessment of the prison sentences handed two Kleenmaid directors, labelling the punishment too harsh. There are many victims of Kleenmaid…
Peter Bromhead is the sole shareholder of Bromhead Design. High-end furniture importing business Bromhead Design Associates has gone into liquidation, owing an more than $270,000. The company is owned by interior designer and one of the country’s most celebrated cartoonists Peter Bromhead. Liquidators Simon Dalton and Matthew Kemp said in their first report that the company’s shareholder decided…
Peter Bromhead is the sole shareholder of Bromhead Design. High-end furniture importing business Bromhead Design Associates has gone into liquidation, owing an more than $270,000. The company is owned by interior designer and one of the country’s most celebrated cartoonists Peter Bromhead. Liquidators Simon Dalton and Matthew Kemp said in their first report that the company’s shareholder decided…
The World Game understands Brisbane are on the brink of financial collapse unless owners the Bakrie Group can provide an instant and significant cash injection to the club. Cobb was sacked on Wednesday by the Bakrie Group. The extent of the problems he has left behind are only just coming to light. With six weeks…
Adelaide steel fabrication and roofing maintenance company CSM Steel has appointed voluntary administrators. Earlier this week the company’s directors appointed administrators Martin Lewis and Tim Mableson of Ferrier Hodgson to assess the business’s financial position. The company has a workforce of up to 55 employees and sub-contractors. Mr Lewis said in a statement an…
Eagle Boys has fallen. Picture: Jono Searle EAGLE Boys Pizza has collapsed into voluntary administration. The nations third-largest pizza chain behind Dominos and Pizza Hut confirmed the news in a statement on its website on Friday afternoon. The Eagle Boys Dial-a-Pizza Pty Ltd (Eagle Boys) Board of Directors confirm the Australian Head Franchisor has been…
Aug. 16, 2016 2:24 p.m. ET MADRIDRenewable-energy and engineering company Abengoa SA said Tuesday it expects at least 75% of creditors to approve its restructuring plan by Sept. 30, a key hurdle for the company as it aims to stave off what would be Spains largest-ever corporate bankruptcy. Abengoa said in a regulatory filing that…