By Sydney Price ( December 4, 2024, 8:31 PM EST) — The Consumer Financial Protection Bureau informed a California federal court that a purported debt relief services company and its owner have agreed to cease operations and pay civil penalties for allegedly charging customers illegal upfront fees….
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Daughter asks for tips online on how to help her 71-year-old retired mum with $15k debt The Independent
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“I am not going to be too hard on my former management,” he wrote on Instagram. “They spread themselves too thin trying to support their people, and stuffed up the numbers.”
Not all of Ivanoff’s clients were so forgiving. Greg Larsen signed on with the company just a month ago: “Since Junkyard went insolvent, a lot of artists have been talking to each other, and realising that he owed more of his artists money than we thought.
“The artists haven’t been paid, and crew and other staff haven’t been paid.”
Junkyard Artists director Craig IvanoffCredit:
The timing is especially poor for comedians: Fringe World in Perth, which traditionally marks the start of the festival touring season, is just two months away.
The Junkyard…
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The CAP Debt Centre Isle of Wight is aiming to raise £30,000 to provide free support to more households in financial crisis.
For two years, a group of Isle of Wight churches has partnered with UK debt help charity Christians Against Poverty (CAP), aiding locals in managing their debts and delivering practical and emotional assistance.
The service is anticipated to be in higher demand this winter, as people find it harder to make ends meet.
With two new local debt coaches currently in training, the centre is urgently seeking funds to meet the rising demand.
Treasurer for the CAP Debt Centre, Nigel Cox, said: “This is a desperate situation for many families on the Island, who are living in poverty. As most of us…
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I t took less than a month for Star Entertainment’s new chief executive, Steve McCann, to realise he had a big problem.
When he arrived on July 8, Star was facing the prospect of losing its Sydney casino licence, was well behind on its remediation plan, had struggled to get high rollers to spend money at its precincts for months, and its management team had been blown apart.
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“I am not going to be too hard on my former management,” he wrote on Instagram. “They spread themselves too thin trying to support their people, and stuffed up the numbers.”
Not all of Ivanoff’s clients were so forgiving. Speaking on condition of anonymity for fear of complicating legal actions others might be pursuing, one said: “Since Junkyard went insolvent, a lot of artists have been talking to each other, and realising that he owed more of his artists money than we thought.
“The artists haven’t been paid, and crew and other staff haven’t been paid.”
Junkyard Artists director Craig IvanoffCredit:
The timing is especially poor for comedians: Fringe World in Perth, which traditionally marks the start of the festival…
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An iconic drinks brand has been saved from being liquidated after spending months in voluntary administration.
The beverage brand run by husband-and-wife team Nathan and Felicity Cowan out of Beechworth in north-east Victoria, Billson’s Brewery, was placed into administration in July.
Creditors McGrath Nicol last week outlines three options for the company: an end to the administration, a deed of company arrangement or liquidation.
Administrators recommended the second option as it offered the best return for creditors by allowing them to govern how to deal with the company’s affairs.
Mr and Mrs Cowan said they were ‘thrilled’ by the outcome which secured the future of the company and the 159-year-old brewery it’s based out of.
‘This…
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An iconic drinks brand has been saved from being liquidated after spending months in voluntary administration.
The beverage brand run by husband-and-wife team Nathan and Felicity Cowan out of Beechworth in north-east Victoria, Billson’s Brewery, was placed into administration in July.
Creditors McGrath Nicol last week outlines three options for the company: an end to the administration, a deed of company arrangement or liquidation.
Administrators recommended the second option as it offered the best return for creditors…
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Aussies scoop up cheap gifts from sports company liquidation The Canberra Times
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Iconic drinks brand Billson’s Brewery has been thrown a lifeline and avoided liquidation following a creditors’ vote on the future of the company today.
The company, which is housed in a 159-year-old brewery in Beechworth in north-east Victoria, went into administration in July.
A report from creditors McGrath Nicol published last week outlined three options for the company — an end to the administration, a deed of company arrangement or liquidation.
Administrators recommended the second option as it offered the best return for creditors.
Company owners Nathan and Felicity Cowan outside the historic brewery. (Supplied: Facebook)
In a statement on social media, owners Nathan and Felicity Cowan said they were “thrilled” to have secured…
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The longstanding Austrian motorcycle manufacturer KTM is on the brink of collapse. The company filed applications for restructuring proceedings with self-administration with the Ried Regional Court. The company’s financial difficulties are serious: with liabilities of over 1.8 billion euros, the KTM crisis is one of the biggest insolvencies in the history of Austrian industry.
KTM AG, based in Mattighofen in the Innviertel region, is facing major financial difficulties. / Picture: © Wikimedia Commons; KTM AG, CC BY-SA 4.0 DEED…
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Rennie Scaysbrook | December 3, 2024
November 2024 will go down as one of the darkest periods ever for KTM, the Austrian motorcycle giant entering a self-administration debt restructuring plan with the Austrian Ried Regional Court on November 29 with reported liabilities of a staggering €2.9 billion ($3.03 billion).
Self-administration is a European market measure that allows for a 90-day effort to reorganize and secure financing to continue operations before a company falls into insolvency.
KTM AG reports €2.7 billion in liabilities with approximately 1600 creditors and 2380 employees affected. KTM Forschungs & Entwicklungs GmbH and KTM Components GmbH, on the other hand, assumes liabilities of around €105 million ($110…