Vinyl Me, Please has confirmed that it has entered liquidation.

It comes as news of the company struggling was first shared by the Denver Post. In the report, several customers came forward to say that they had filed complaints against VMP, accusing them of not sending out paid orders, ignoring questions and enquiries, and not acknowledging requests for refunds.

Now, the Denver-based company – which is registered as Offbeat Ventures, LLC – has assigned the complaints to third-party Vinyl Liquidators, LLC. It has also handed over control of assets as part of an Assignment for the Benefit of Creditors (ABC) process, which is an alternative to filing for bankruptcy.

Confirmation of this was shared with some customers who reached out….

Mothercare issued a fairly downbeat full-year update on Thursday with the parent-and child retailer saying the 52 weeks to 29 March saw falling sales.

The comparison period was a 53-week one with unaudited worldwide retail sales by franchise partners of £231 million for the latest year, a decline of 18%. In constant currency and based on a 52-week comparison sales were still down 14% “with the decline largely resulting from the unchanged trading conditions in our Middle Eastern markets”.

Adjusted EBITDA for FY25 was approximately £3.5 million, in line with market expectations, but on the plus side, net borrowings of £3.7 million…

COTTONWOOD HEIGHTS, Utah — The ongoing school lunch debt issue affecting Utah students has led to tens of thousands of dollars being donated by members of the community. Even students themselves are helping their peers.

David Hafner, a junior at Alta High School, is one of those students and is being recognized as the Smith’s Zero Hunger Hero.

Going by the name “Van,” Hafner is a straight-A student who truly cares about his community, working several jobs and participating in several service projects.

“I want to help out kids that can relate to me, and if I can help them see that donating money is a good thing in any way, and having them help out the community in their futures, that’s huge,” David said.

Recently, the 17-year-old…

Labor’s federal election win means university fees and costs are set to change. But some of these changes will not be immediate.

Prime Minister Anthony Albanese has already said planned cuts to student debt will be a top priority for the the new parliament. A new student debt repayment system will follow soon after.

But humanities students paying nearly A$17,000 a year for their studies – thanks to the Job-ready Graduates scheme introduced by the Morrison government – will probably have to wait until 2027 for lower fees.

Reduction in student debt

People with student debt will benefit from a 20% cut to how much they owe. As the Greens support wiping student debt entirely, Labor is likely to only need one or two other senators to pass…

A settlement has been reached with creditors for multiple businesses linked to Birmingham Pride festival director Lawrence Barton.

It brings a five-year saga to an end after the collapse of Barton’s training business, GB Training, which owed £8.4m to creditors.

Liquidator Kevin Mawer and Barton have secured an undisclosed agreement that will allow for a distribution to creditors, including the Education and Skills Funding Agency (ESFA) and the West Midlands Combined Authority (WMCA).

The liquidation of GB Training was triggered during the pandemic, following an ESFA investigation that halted new apprentice funding and cited “potential discrepancies” in fund allocation.

A subsequent report by Mawer revealed that…

The NCLAT held that SNJ’s insolvency petition under Section 9 (concerning operational debts) of the Insolvency and Bankruptcy Code, 2016 (IBC) was not maintainable since the principal amount of the debt claimed from PepsiCo had already been repaid and only a disputed claim for interest remained.

A three-member Bench of Justice Ashok Bhushan (Chairperson), and Technical Members Barun Mitra and Arun Baroka observed that the IBC could not be invoked for the recovery of interest alone, especially when the underlying contract did not provide for such interest.

It, therefore, upheld a decision by the National Company Law Tribunal (NCLT), Chandigarh, to dismiss the insolvency plea.

“The Adjudicating Authority (NCLT) has not committed any…

A luxury Australian bridal brand worn by some of Australia’s top celebrities and WAGS has entered voluntary administration with around 100 brides-to-be awaiting delivery of their dresses.

Pallas Couture, established by designer Joy Morris in 2001, is known for its premium wedding dresses that retail for up to tens of thousands of dollars.

Advisory firm Cor Cordis was appointed voluntary administrators after the ATO applied to the Federal Court to wind up the company.

Administrators Jeremy Nipps and Thomas Birch told ACM on May 8 that there would be “minimum disruption” to clients as gowns already in the works will “continue to be created and delivered on time”.

Stores around the country and the company’s website are still operational. The…