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The liquidator’s report shows that East Imperial owes an estimated $22.2 million to creditors before the costs of liquidation.
Inland Revenue is the sole preferential creditor and is owed roughly $213,000, with secured creditors owed $60k, although a distribution of $60,112 has been made.
A further $604k is owed to unsecured creditors based on claims as of the date of the report, but the largest money owed is to intercompany liabilities, a significant $21,683,000.
The University of Cincinnati and UC Health Lindner Center of HOPE’s Chris Tuell spoke with WLWT about the risk and apparent rise in sports gambling addiction.
Healthy sports betting is possible, but Tuell said the risk for addiction is high and appears to be rising.
“Sports betting can become highly addictive due to the thrill of winning and the urge to chase losses, leading to compulsive gambling behaviors,” said Tuell, assistant professor of psychiatry and behavioral neuroscience in the University of Cincinnati College of Medicine and clinical director of addiction services at UC Health’s Lindner Center of HOPE.
Emotional distress, relationship strain and financial loss are all high risks for problem gamblers. He said if…
Cannabis of questionable quality grown by a Christchurch company in liquidation is being sold in Australia at record low prices.
Aether Pacific Pharmaceuticals, formerly known as Medical Kiwi, was placed into liquidation earlier this month with creditors claiming more than $8.7 million.
Eight former African Heads of State and Government have signed the Cape Town Declaration, a landmark call for urgent debt relief for highly indebted nations and reduced borrowing costs for all developing countries.
The declaration was endorsed at the launch of the African Leaders Debt Relief Initiative (ALDRI), a collective push for comprehensive reforms in the global financial system.
The initiative was unveiled during the G20 Finance Ministers’ meeting in Cape Town, where South Africa, as the current G20 President, has placed debt sustainability at the core of its agenda. The declaration also aligns with the African Union’s Agenda 2063, reflecting the continent’s long-term economic aspirations.
