Thousands of new sporting goods and pieces of leisure equipment remain up for grabs at bargain prices after a major online retailer went into liquidation.

The multimillion-dollar fire sale was triggered when T&R International, which traded as T&R Sports and Sports Leisure, collapsed in October.

WATCH THE VIDEO ABOVE: Bargain sporting Christmas gifts going under the hammer.

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Auctioneers were tasked with clearing the company’s entire inventory of new and showroom-quality goods including pool tables, electric bikes, electric scooters, portable basketball hoops, swags and furniture.

There was major excitement when it was revealed more than 10,000 items were unreserved and would start from just…

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The views expressed represent the investment team’s assessment of the market environment as of May 2024, and should not be considered a recommendation to buy, hold, or sell any security, and should not be relied on as research or investment advice. Views are subject to change without notice.

This market commentary has been prepared for general informational purposes by Macquarie Asset Management (MAM), the asset management business of Macquarie Group (Macquarie), and is not a product of the Macquarie Research Department. This market commentary reflects the views of the investment team and statements in it may differ from the views of others in MAM or of other Macquarie divisions or groups, including Macquarie Research….

WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) launched a rulemaking to address the harmful effects of inaccurate credit reporting affecting survivors of domestic violence, elder abuse, and other forms of financial abuse. The agency is issuing an advance notice of proposed rulemaking to gather additional public input on potential amendments to the regulation that implements the Fair Credit Reporting Act (FCRA). After gathering public comment, the CFPB intends to issue a proposed rule.

“People trapped by domestic abuse must often sign documents under the threat of violence, ruining their financial lives and making it even more difficult to escape,” said CFPB Director Rohit Chopra. “Expanding…

• Sen. Elizabeth Warren led over 20 colleagues in requesting the CFPB and FTC investigate student-loan company Navient.

• They said they’re concerned that Navient might be improperly denying defrauded borrowers debt relief.

• Navient said it’s committed to getting relief to borrowers, but the discharge process is still in its early stages.

A group of Democratic lawmakers said that a major student-loan company is denying some student-loan borrowers relief that they might qualify for.

Sen. Elizabeth Warren led over 20 of her Democratic colleagues, including Rep. Alexandria Ocasio-Cortez and Sen. Ron Wyden, in sending a letter Wednesday to the Consumer Financial Protection Bureau and the Federal Trade Commission urging an investigation into the…

The West has an enormous ecological debt towards the Global South. Pope Francis, in his message for Peace 2025, implores the wealthiest countries on the planet to forgive the debts of the poorer ones. It is a matter linked to justice and the great climate issue. The appeal comes on the eve of the Jubilee: “I do not tire of repeating that foreign debt has become an instrument of control, through which some governments and private financial institutions of the richer countries unscrupulously exploit the human and natural resources of the poorer countries, just to meet the needs of their own…

Howard Marks put it nicely when he said that, rather than worrying about share price volatility, ‘The possibility of permanent loss is the risk I worry about… and every practical investor I know worries about.’ When we think about how risky a company is, we always like to look at its use of debt, since debt overload can lead to ruin. Importantly, Boyd Gaming Corporation (NYSE:BYD) does carry debt. But the real question is whether this debt is making the company risky.

What Risk Does Debt Bring?

Debt and other liabilities become risky for a business when it cannot easily fulfill those obligations, either with free cash flow or by raising capital at an attractive price. In the worst case scenario, a company can go bankrupt if it…

Posted on: December 12, 2024, 05:44h. 

Last updated on: December 12, 2024, 05:44h.

Jay Leno has discredited rumors that injuries sustained while falling down a hill in Pennsylvania last month were the result of being roughed up by the Mafia over gambling debts.

Leno, who claimed to have never gambled in his life, dismissed the aspersions, which…

Today it was announced that after more than 90 years of operations the Youth Hostel Association of New Zealand, also known as the YHA New Zealand, had gone into liquidation. 

It joins a growing list of Kiwi companies unable to continue in the face of growing costs with liquidations up 27% up on this time last year.

But how does the liquidation process work and how are a company’s assets managed once it is no longer financially viable?

Damien Grant has worked in the insolvency industry for close to 20 years. He’s the principal of Waterstone Insolvency, as well as a business commentator in the media.

He speaks to Emile Donovan.

Photo: RNZ / Michelle Tiang

The embattled German shipbuilding group FSG-Nobiskrug Holding along with its two shipyards and its design group have been provisionally declared insolvent by a German court due to a filing by an insurance company. Investor Lars Windhorst, who has controlled the group since a prior insolvency filing in 2020, is vowing to fight the proceeding and use it as an opportunity to reorganize the group.

The Flensburg District Court today, December 12, accepted the filing made by a health insurance company starting the insolvency process. The court named two prominent German lawyers, Christoph Morgen and Hendrik Gittermann, both well-known in restructuring cases as provisional insolvency administrators to oversee the operations, but…