A Nedlands catering company and its Director have been ordered by the Perth Magistrates Court to pay more than $20,000 in fines, costs and consumer compensation after failing to turn up at a wedding reception and botching a birthday celebration.
Eat Street Enterprises Pty Ltd, trading as Ole Paella Catering, and sole Director Bradley John Lamb were fined $3,500 each for breaching the Australian Consumer Law and ordered to pay costs of $1,500 each, with Mr Lamb to pay a total of $10,073.10 in compensation to two affected consumers.
A Cottesloe man hired the catering company for his 40th birthday celebration in October 2018. He paid $4,852.60 for a paella chef to cook three tapas entrees, three different types of paella, including a v…
Read the full article at: https://www.miragenews.com/wedding-no-show-and-botched-birthday-bash-costs-caterer-20-000/
The company that was formerly Sunshine Coast based Express Print & Mail is in liquidation with debts listed at $4m, however the Express Print & Mail business, including the brand itself, was sold prior to liquidation, and is now trading from a new address in nearby Kunda Park.
Long-time Express Print & Mail owners Matthew and Wendy Chadwick are running the business, which has 52 staff. Wendy Chadwick said Covid-19 trading issues, and the cost and uncertainty of an ongoing claim by the former owner of Chameleon Press, meant that a move was needed to secure the business and the livelihood of employees, while ensuring suppliers were paid in full.
T…
Read the full article at: https://www.print21.com.au/news/chadwick-company-in-liquidation
Discount retailer Century 21 announced on Sept. 10 it was filing for bankruptcy and would closeall 13 of stores, mostly in the northeastern US. The company blames its financial demise on its insurance, which didnt pay to insulate Century 21 from business interruptions caused by the coronavirus pandemic.
Its far from the only retailer to have suffered similar losses over the past six months. Brooks Brothers, J. Crew, JC Penney, Lord & Taylor, Muji, and Neiman Marcus are among those that declared bankruptcy as Covid-19 has transformed the industry.
And yet, Century 21 is one of the few thatsaid that it will completely shut down. The rest plan to restructure their debts, close money-losing stores, and continue operation.What determines whe…
Read the full article at: https://qz.com/1904520/why-bankruptcy-is-rarely-the-end-for-retailers-in-dire-straits/
Craig Carton is seen leaving United States Court House on November 30, 2017 in New York City. Photo: Getty Images
Craig Carton went from being a zany radio personality on one of Americas most popular morning shows to a prisoninmate.
The new HBO documentary “Wild Card: The Downfall of a Radio Loudmouth” chronicles that dramaticdecline as Carton, 51, gotin over his head with gambling, all while entertaining unknowinglisteners on the WFAN morning show. His decade-long career with the New York sports station ended in 2017 when he was arrested for defrauding others in an attempt to pay off his gambling debts.
The documentary film features first-person interviews with Carton andreveals how the radio hosts secret insatiable gambling addic…
Read the full article at: https://www.oxygen.com/true-crime-buzz/wild-card-documentary-details-wfan-host-craig-cartons-downfall
Policymakers are gambling that they will be able to pay back the large increases in national debt accrued in response to the Covid-19 pandemic.
As Covid-19 brought economies to a standstill, many governments threw a lifeline to businesses and households in the form of fiscal support, but putting public debt back on a sustainable path is likely to mean higher taxes and less government spending in the future.
That was the message from an economist at the virtual Bermuda Captive Conference.
Henk Potts, director, investment strategy, at Barclays Private Bank, also said there could also be an acceleration in deglobalisation as a result of the health crisis.
Mr Potts said governments around the world had altered their fiscal policies to deal …
Read the full article at: http://mobile.royalgazette.com/economy/article/20200917/experts-see-higher-taxes-coming&template=mobileart
Stumptown cancelled at ABC following Season 2 renewal
After Stumptown secured a second season renewal last May, Deadline brings word that ABC has decided to reverse their decision by officially cancelling the Cobie Smulders-led action drama after one season. According to the outlets sources, the decision was made due to scheduling conflicts related to the production start which were caused by the ongoing pandemic. Stumptowns studio ABC Signature is reportedly planning to shop the series to other networks or streamers.
The series isnt actually the only casualty to cancelled renewals with Netflix recently cancelling two well-received coming-of-age shows The Society and I Am Not Okay With This due to pandemic-related production issues.
Read the full article at: https://www.comingsoon.net/tv/news/1148992-stumptown-cancelled-at-abc-following-season-2-renewal
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Investors said the deal gives Scentre balance sheet flexibility as it navigates through the disruption to its rent collection, battles with tenants, flat sales and the drop in the value of its malls.
Scentre reported a $3.6 billion interim loss which was driven by a reduction of $4 billion in value across its malls.
The Westfield malls’ owner said the cash from the raising would be used to shore up its balance sheet, repay shorter-term debt facilities and provide funding for longer-term security as it battles the impact on its business from the global pandemic.
The owner of the overseas-based Westfield malls, Unibail-Rodamco-Westfield, on Wednesday separately announced it was also undertaking a 9 billion ($14.5 billion) balanc…
Read the full article at: https://www.smh.com.au/business/companies/scentre-taps-debt-markets-for-4-billion-to-fight-pandemic-20200917-p55wis.html
Throughout the coronavirus crisis, CBS is providing weekly updates on the number of bankruptcies pronounced by Dutch courts. The weekly updates are normally released on Thursdays at 12.00 p.m.
Not including sole proprietorships, there were 43 bankruptcies in week 37. This is 11 up on the previous week. In addition, 3 sole proprietorships were declared bankrupt, 1 less than in the previous week.
| 2019 | 1 | 17 |
|---|---|---|
| 2019 | 2 | 74 |
| 2019 | 3 | 69 |
| 2019 | 4 | 82 |
| 2019 | 5 | 87 |
| 2019 | 6 | 71 |
| 2019 | 7 | 84 |
| 2019 | 8 | 64 |
| 2019 | 9 | 83 |
| 2019 | 10 | 7…
Read the full article at: https://www.cbs.nl/en-gb/news/2020/38/46-bankruptcies-in-week-37 Thai Airways request for debt restructuring as part of bankruptcy proceedings was approved by a bankruptcy court on Monday. Earlier this year, the national airline was seeking a 58.1 billion baht ($1.81 billion) loan from the government to help it through the coronavirus crisis. Thai officials told the airline to come up with a restructuring plan instead to avoid bankruptcy. Thailands Central Bankruptcy Court approved a seven-member committee to come up with the restructuring plan. According to Reuters, the airline needs to restructure 245 billion baht ($7.83 billion) worth of debt. The airline says it will prepare a business reorganisation plan as soon as possible and propose the plan to the local court within the fourth quarter of thi… Read the full article at: https://www.businesstraveller.com/business-travel/2020/09/17/thai-airways-gets-court-approval-for-debt-restructuring/ |