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Priscilla Presley has sold her Los Angeles mansion to help out daughter Lisa Marie Presley, who continues to face mounting debt.
Presley, the widow of Elvis Presley, listed the Brentwood, California estate for $5.3 million, popculture.com reported.
Variety said that the home sold for even more than that, with a buyer agreeing to pay $5.5 million. Thats not only over the asking price, but far more than the $245,000 Presley paid for it in 1976.
The home covers 232 square metres, with four bedrooms and three bathrooms. It was built in the late 1940s and billed as a major fixer in the listing because it is considerably outdated.
Presley reportedly never lived in the home herself. Instead, her mother, Ann Lillian Wagner-Beaulieu, called it home,…
Priscilla Presley has sold her Los Angeles mansion to help out daughter Lisa Marie Presley, who continues to face mounting debt.
Presley, the widow of Elvis Presley, listed the Brentwood, California estate for $5.3 million, popculture.com reported.
Priscilla Presley and daughter Lisa Marie Presley.Picture: AP
Variety said that the home sold for even more than that, with a buyer agreeing to pay $5.5 million. Thats not only over the asking price, but far more than the $245,000 Presley paid for it in 1976.
The home covers 232 square metres, with four bedrooms and three bathrooms. It was built in the late 1940s and billed as a major fixer in the listing because it is considerably outdated.
Tata Steel Saturday announced that it has completed the acquisition of debt-ridden Bhushan Energy Ltd.
The announcement came after the National Company Law Tribunal (NCLT) approved the resolution plan of Tata Steel to acquire Bhushan Energy for around Rs 800 crore.
“We wish to inform you that Tata Steel BSL Ltd has successfully completed the acquisition of Bhushan Energy Limited (BEL) in accordance with the Approved Resolution Plan under the Corporate Insolvency Resolution Process of the Insolvency and Bankruptcy Code, 2016,” Tata Steel said in a BSE filing.
Pursuant to the acquisition, the company holds 99.99 per cent of the total equity share capital of BEL.
“This disclosure is made in compliance with Regulation 30 of the SEBI (Listing Obl…
Philip Green has insisted that the 100m he has promised to Arcadias pension fund represents the best outcome, as his retail empire faces a make-or-break vote on its future next week.
The creditors of Arcadia, whose chains include Topshop and Dorothy Perkins, have to decide next Wednesday whether to accept a restructuring that will see more than 20 stores closed, rents cut on almost 200 more and a reduction in contributions to the retailers pension scheme.
After weeks of negotiations with landlords and creditors, Sir Philips wife Tina, the ultimate owner of Arcadia, proposed injecting 100m into the groups defined benefit pension scheme over the next three years to help offset the reductions planned through the restructuring.
In the past couple of years, India has witnessed quick resolutions for tackling non-performing stressed assets (NPAs) and debts in India, including its restructuring thereof, by providing a powerful tool to the financial and operational creditors in the form of the Insolvency and Bankruptcy Code, 2016 (the IBC, 2016).
The effective reforms in the IBC, 2016, since its inception, has enabled the Reserve Bank of India (RBI) to clear its bad debts by the proactive attitude of the financial institutions in their declaration of various non-performing accounts of big corporates and the strict timelines in the Corporate Insolvency Resolution Process (CIRP).
This has compelled non-performing companies to put their assets on stress sale, providing …
The average student in debt has about $37,000 to pay. Its a more-than $1 trillion problem for the U.S.
Congress could step in: There is a bill with bipartisan support that gives businesses a tax break if they help employees pay student loans. Some companies are awaiting the legislations passage to begin college debt repayment benefit programs.
Others have been chipping away at employee loans for years.
Investment company Fidelity has a student loan assistance benefit that launched in 2019. It pays, on average, about $167 per month toward an employees loans, up to $10,000.
Fidelity is one of several major corporations helping employees pay down their student loan debt. They say it helps recruit top talent and to reduce turnover.
Completed your degree to be faced by a mountain of debt? Youre not alone.
According to a new report by CNBC, outstanding student debt in the US has tripled over the last decade and is projected to swell to $2 trillion by 2022.
CBS News also released a new report stating that the graduating class of 2019 has an average student debt load of approximately US$33,000.
New grads should track their finances through budgeting apps, not only for everyday spending but also to determine how much additional money they can put toward paying down debt.
Remember the three biggest priorities of financial adulthood: Pay down debt, build up emergency savings, save for retirement.
The CNBC report revealed that student debt has be…
In its annual results published today (May 31) Charles Stanley confirmed the cost of the “significant transformation project” was estimated to be 9.5m, to be incurred over a two to three year period.
But the company stated the restructure should yield “immediate cost reductions” expected to build up annualised savings in excess of 4.5m from the financial year 2022 onwards.
Charles Stanley warned the restructure would result in a cut to…
FX Networks has restructured its top original programming ranks. The core team of executives Eric Schrier, Nick Grad and Gina Balian remains the same, with new titles for two of them.
Eighteen-year FX veteran Schrier, most recently President of Original Programming for FX Networks and FX Prods., has been elevated to the newly created position of President, FX Entertainment.
Gina Balian Photo: Michael Becker/FX Nick Grad photo: Michael Becker/FX
Fellow President of Original Programming for FX Networks and FX Prods, 17-year FX veteran Nick Grad who had been partnered with Schrier for the past six years will continue in his role, now working in tandem with Gina Balian, formerly EVP of Series Develo…
Sir Philip Greens retail empire faces a crunch meeting with creditors this week as it tries to avert a collapse into administration which could put 18,000 jobs at risk.
The group, which operates 570 shops, must win approval from 75% of its creditors, most of whom are landlords, for a restructuring which will enable it to close at least 23 stores and cut rents by up to 70% on nearly 200 more.
A further 25 UK stores are set to close as Arcadia puts the property holding companies of Miss Selfridge and Evans into administration. It is also closing 11 Topshop stores in the US.
The deal, which will be subject to a vote on Wednesday, also relies on reaching an agreement with the Pensions Regulator over funding of Arcadias pension deficit, whic…
Cryptopia, a New Zealand based crypto exchange, filed for liquidation after suffering a serious hack and failing to recover the stolen assets
The exchange stored its customer data with Arizona-based company PNAP, but after liquidation, did not receive satisfactory assurance that the data would remain secure without payment
Cryptopia filed a Motion for Recognition and Emergency Motion for Provisional Relief, which the court granted, calling for the exchange to pay PNAP for two months of services in exchange for a temporary restraining order
