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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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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Ohtani says interpreter stole money, denies knowledge of gambling debts Reuters
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This article was updated on March 8, 2024
The exit from bankruptcy of Derek Quinlan, the boom-time property investor, has been delayed after a move by his trustee to suspend his discharge.
Quinlan, 76, who once owned trophy homes in New York, Mayfair in London and Saint-Jean-Cap-Ferrat on the French Riveria, was due an automatic discharge from bankruptcy in November.
This has been suspended for a full hearing of an application by the trustee in his case.
The former financier was declared bankrupt in November 2022. The reason why he has not emerged from bankruptcy is unclear.
A spokesman for Adrian Hyde of Begbies Traynor, the trustee, would say only that the case was “ongoing”. Quinlan declined to comment.
A court-appointed trustee is charged
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Australian bus manufacturer BusTech Group has entered into voluntary administration, with the future of the company left unknown.
With operations in Queensland and South Australia, BusTech is one of the largest independent bus manufacturers in Australia, making diesel, hybrid and zero emission buses. It has more 270 employees across its two companies.
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Despite the uncertainty, BusTech’s recent $11.75 million state contract to supply vehicle bodies in South Australia appears to be going ahead.
South Australia Transport Minister Tom…
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RAPID CITY, S.D. (KOTA) – Wednesday’s Legal and Finance Committee meeting discussed the challenge that would help relieve student lunch debt in Rapid City Area Schools.
CONTEXT: City Council proposes a challenge to help relieve student lunch debt
The district offers school lunch to any student regardless of their ability to pay and has applications for free and reduced lunch programs. They currently have just over $114,000 in school lunch debt, but will school starting next week this number will soon rise.
RCAS’ nurse Sateera Thompsen was at the meeting to talk about the health aspect related to lunches. She thanked the council for considering the challenge and for helping the students.
“I do know when kids eat their lunch their…
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Bay Area tech startup Moxion goes bankrupt, faces lawsuit over layoffs SFGATE
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Corporate insolvencies have reached their highest level since ASIC began publishing the numbers just over twenty-five years ago.
The national number of corporate insolvencies showed fresh strength in March, reaching 1.1K in the month, which is the highest level since ASIC began compiling the statistics in 1999.
The same holds true for the seasonally adjusted number of insolvencies, which was also around 1.1K in March on CCI’s analysis, and the estimated trend in insolvencies, put at about 1K on CCI’s calculation.
The construction industry remains a key driver of rising insolvencies.
There is an unprecedented backlog of construction work at present, but builders that offered fixed-price contracts during the pandemic…
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