Insolvency Guardian Media Centre
Vaughan Strawbridge and Joseph Hansell of FTI Consulting have been tapped as voluntary administrators of the head Roberts Co company,
Tycoon is closer to exiting the construction industry as the head company of his Roberts Co building empire went into administration and big contractors are poised to pick up key jobs in Victoria where work had stopped.
Vaughan Strawbridge and Joseph Hansell of FTI Consulting have been tapped as voluntary administrators of the head company, RCAH Pty Limited, but they are yet to report how much it owes, partly while problems in the southern state are worked out.
The Victorian business fell into the arms of administrators McGrathNicol in March owing subcontractors about $50m and industry players have been…
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Creditas is pleased to announce the successful liquidation of FIDCs Creditas Auto I, IV, V, VI, and VII, which provided accumulated returns of 77% to 105% to senior and mezzanine quotaholders of the respective funds, demonstrating the company’s commitment to structuring low-risk and highly attractive return securitization vehicles.
Throughout their cycles, the funds presented solid performance, compliant with strict covenants for the protection of invested capital, ensuring investor confidence even in adverse macroeconomic scenarios. The strength of the structures and the high spread of the portfolios ensured the maintenance of capital invested, and the materialization of results aligned with the initial…
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Sponsored: Debt Relief for Middle to Upper-Income Earners WFAA
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The government has pledged to look into making council tax collection practices fairer, an announcement MoneySavingExpert Martin Lewis said was so welcome it made him tear up.
The current situation means that six weeks after an individual misses a council tax bill, authorities can send bailiffs round to collect up to a year’s worth of payments, something that can be ruinous to people’s finances.
On Wednesday, the chancellor of the Duchy of Lancaster Pat McFadden told ITV’s Good Morning Britain – with Lewis presenting the show that day – that a consultation will take place, with local government minister Jim McMahon taking the lead on it.
The key element McFadden pointed to was the obligation that if someone falls into arrears, they…
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This segment is sponsored by Debt Redemption. Go to debtredemption.com/WFAA or call 800.971.4060 for more information.
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Rivers Casino, Rush Street Gaming Help Employees Pay Debt Casino.org
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Pakistan
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Major Taranaki funder calls process ‘fit for purpose’ in wake of grantee’s liquidation history thepost.co.nz
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When a company in Germany becomes insolvent—meaning its income no longer covers its debts—it is legally required to file for insolvency to avoid criminal charges. The court first assesses whether the business can afford the proceedings, and if viable, appoints an insolvency administrator to draft a restructuring plan. Creditors vote on this plan while the search for investors begins, with options ranging from new loans to a competitor takeover. If the company’s debts exceed its value and sustainable funding is unavailable, it is dissolved, and assets are liquidated. The remaining funds are used to pay creditors, but if the money runs out, lower-ranking creditors receive nothing, marking the official end of the business.
This…