Insolvency Guardian Media Centre
Now, MGM Resorts International has stepped forward to address the rumours and dispel any misconceptions surrounding Mars’s financial status.In a statement, the company categorically denied any assertions of Bruno Mars owing them $50 million. The casino emphasized their pride in their longstanding partnership with Mars, and clarified that any speculation regarding his supposed debt is entirely…
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De Lago Resort placed into liquidation amid estimated $860K hole NT News
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This vertical farming company raised $500m, and then it all but disappeared Sifted
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Rex flies to 56 destinations including many in regional Australia such as Port Macquarie, Coffs Harbour, Orange, Dubbo and Albury in NSW, Mount Gambier in South Australia, Burnie and Devonport in Tasmania, Cairns and Mt Isa in Qld and Mildura in Victoria.
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Shohei Ohtani and his interpreter together have become a common image in Major League Baseball since 2018.
The game’s biggest star and his interpreter have largely been inseparable, with Ippei Mizuhara following Ohtani everywhere, including sitting next to him in the dugout during all games.
Their relationship is now in the spotlight again, but for the wrong reasons. Mizuhara was fired on Wednesday after bombshell reports from The Los Angeles Times and ESPN found he had millions of dollars in gambling debt with a bookmaker currently under federal investigation. Additionally, Ohtani was initially said to have helped to pay off his debts by Mizuhara.
However, not long after Ohtani’s camp set up Mizuhara for interviews,…
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E-bike manufacturer Timyo declared bankrupt as new entity emerges Bike Europe
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- 31 Jul 2024
- •
- 3 min read
The latest insolvency statistics for June 2024 for company and individual insolvencies have been published on 19 July 2024 for England and Wales.
This is the first publication of statistics released since the recent General Election and announcement in June 2024 of a continued fall in the rate of inflation. It shall be interesting to see what effect the recent political changes will have on the insolvency landscape.
Key takeaways from the latest statistics are summarised below:
Company…
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In a move aimed at easing the financial burden on millions of Australians, the federal government recently announced a significant overhaul of the Higher Education Contribution Scheme and Higher Education Loan Program (HECS-HELP) indexation system. This change is expected to wipe out approximately $3 billion in student debt and benefit more than 3 million borrowers. But do these changes go far enough? LSJ speaks to a law student and practising solicitor to get their views.
Unlike traditional loans, HECS-HELP debts do not accrue interest. Instead, they are adjusted annually on 1 June each year through a process called indexation. This…
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A building company has collapsed as liquidators investigate the transferral of hundreds of thousands of dollars of company funds to two employees.
Last week, Alurt Construction Services, based on the NSW mid-north coast near Coffs Harbour, plunged into liquidation.
The company’s initial estimated debt of around $100,000 has exploded to more than $2 million, although some amounts are disputed, according to the appointed liquidator, Scott Newton of insolvency firm Shaw Gidley.
He said that Alurt had failed because the relationship between its director and senior management had “fallen apart” and led to a “complete breakdown” in recent months.
Indeed, the working relationship between Alurt’s sole director, Jacob Robin, and its…
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