Insolvency Guardian Media Centre
Mitsubishi Heavy Industries Adjusts Subsidiary Liquidation Timeline TipRanks
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Freedom Debt Relief Review U.S News & World Report Money
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Telus, a prominent Canadian telecom operator, is contemplating the sale of a minority stake in its wireless tower portfolio. This potential sale is part of a strategic effort to enhance its financial standing. CEO Darren Entwistle emphasized the importance of meeting Telus’ economic parameters while exploring avenues to monetize these infrastructure assets.
The company remains tight-lipped on specific details, but reports suggest Telus might divest up to 49.9% of its 3,000 towers. This could potentially raise over CAD 1 billion, which translates to roughly $700 million. The process appears to involve discussions with private equity entities, pension funds, and international telecom…
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Starting a business can be a rewarding endeavor, but when the numbers don’t add up, tough decisions may be necessary. On a recent episode of “EntreLeadership,” Dave Ramsey spoke with Jen, a business owner from Ontario, Canada, who found herself in a difficult financial position despite running a business with significant sales. Ramsey’s advice was clear: “Being $450,000 in debt to make zero money is a bad idea.”
Jen shared that she had left a successful 20-year career to focus on her side hustle, which had grown into a full-time business. After moving the business from her basement to a physical location, sales reached approximately $870,000 last year. However, despite the strong sales figures, Jen wasn’t paying herself —…
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A FREE debt advice charity in Rugby has expended to double the amount of people it can help out of financial trouble, in response to increasing demand.
Rugby Christians Against Poverty (CAP) Debt Centre has appointed Sue Keffler and Mark Richmond as additional Debt Coaches, doubling the number of appointments available.
CAP Debt Coaches meet clients in their homes to help them access services such as those related to transport, physical mobility, health issues, childcare needs, or mental health struggles.
Since opening in 2009, the centre has been contacted by over 400 households seeking debt help and has seen steady growth in the number of people seeking help with their financial issues.
Rugby CAP Debt Centre Manager Karen…
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Paul Y. Engineering, a contractor with a history spanning 78 years in the city, is reportedly encountering financial difficulties. The High Court on Monday ordered the winding up of its parent company along with a related firm after submitting a liquidation petition earlier.
The concerned companies are “Paul Y. Engineering Group Limited” and “Paul Y. Management Limited”
The court has earlier appointed a provisional liquidator for the five subsidiaries of the Group to handle debts and formulate a restructuring plan.
The long-standing contractor had built numerous public and private housing projects, including landmark The Center and The Mills in Tsuen Wan.
However, the Group has faced multiple…
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According to Australia Post’s latest e-commerce report, Australians spent a record $69 billion on online shopping last year, an increase of 12 per cent on the year before, largely driven by platforms such as Amazon, Shein and Temu.
“Online marketplaces”, such as Amazon or eBay, accounted for nearly 40 per cent, or $16 billion, of online spending growth in 2024 as customers sought cheaper and more affordable alternatives, the report said.
Pitcher Partners’ Bainbridge said current economic conditions had made it impossible to keep the physical stores open.
“The owners have done everything they can to keep Jeanswest going, but market conditions mean sustaining bricks-and-mortar stores is not viable and unlikely to…
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Debt collectors sue millions of Americans every year, and often win by default. This tech startup makes it easier to respond to a lawsuit or settle a debt.
PHOENIX — One in four American adults have a debt turned over to private collectors, according to research from the Debt Collection Lab.
Nationwide, researchers estimate major collection agencies file millions of lawsuits every year.
For those who get sued, the prospects are bleak.
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An F45 franchisee says the business has been hit hard by the pandemic, the recession, and new competitors.
A company behind three F45 gym franchises in Auckland has been tipped into liquidation.
K E M Holdings Ltd, which is owned and directed by Kate McEntee, appointed Victoria Toon from Corporate Restructuring as liquidator on March 24.
Companies Office records show the entity is behind studios in
Want to…
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Photo: RNZ / Cole Eastham-Farrelly
Sixty schools around the motu have been left without a tuck shop provider after the Libelle Group went into liquidation two weeks ago.
Libelle was contracted to Compass, the government supplier for the scheme that has been plagued with issues since its relaunch this term.
While some kura are exploring options like online meal delivery services, others are relying on school bake sales and sausage sizzles to step into the breach.
About two weeks ago the tuck shop abruptly closed at Auckland’s Mt Albert Grammar when Libelle crashed into liquidation, owing more than $14 million to 248 creditors.
With sandwiches, sushi and snacks no longer on offer, students have been trying to fill in the…
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The Committee of Creditors (CoC) of Reliance Capital has informed NCLAT that the resolution plan was completely implemented by IIHL with the transfer of complete payment amounts in terms of the resolution plan.
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