Stay informed with the latest in insolvency news and industry updates. We can keep you up to date with insolvency and finance information from around the world.
BRYAN COUNTY, Ga., (WSAV)- Alocal group is gearing up for a garage saleto he...Read the full article at: https://www.wsav.com/news/local-news/a-bryan-county-group-is-preparing-for-a-garage-sale-to-help-pay-down-student-s-lunch-debts/1801038112
This is to inform you that the meeting of the Committee of Creditors (COC) of the Company is adjourned to on Monday, 25th February, 2019 at 11.30 A.M at the registered office of the Company situated at Plot No. 20, Sector – I, Survey No. 64, 4th Floor, HUDA Techno Enclave, Hyderabad – 500 081, Telangana, India.
Data (Northern) Limited was wound up in the public interest on 18 February 2019 in the High Court in Manchester by District Judge Obodai. The Official Receiver has been appointed as liquidator of the company.
Stockport-based Data Northern was incorporated in February 2010 and the company was concerned with producing drug awareness booklets for schools.
The colour booklets, Are You on Drugs, were 40 pages long and provided information around dealing with the effects of a variety of drugs and alcohol. However, the booklets were authored by the director of the company, Ashley Thorley, who had no formal training.
Complaints were received about the operation of the company, which resulted in confidential investigations conducted by the I…
Matthew Daniel John Sellars (40), from Bristol, received a nine month prison sentence at Bristol Crown Court on Thursday 7 February after he pled guilty to three counts of acting in the management or as director of a company while an undischarged bankrupt.
On passing sentence, HHJ Hart also disqualified Matthew Sellars from acting as a director of a company for four years from the date of sentence. This is a separate order in addition to any continuing bankruptcy prohibitions and prevents Matthew Sellars from directly or indirectly becoming involved, without the permission of the court, in the promotion, formation or management of a company
The court heard that Matthew Sellars was made bankrupt at Bristol County Court in August 2016. …
Pearson reported a slide in sales on Friday but profits rose at the educational publishing group as it promised to stabilise the company this year amid a painful restructuring.
Revenues tumbled 9 per cent to 4.1bn in 2018 compared with the previous year while pre-tax profits rose 18 per cent to 498m, the company said.
Shares were flat by mid-morning in London trade as adjusted operating profit, which strips out costs relating to acquisitions, disposals and major restructuring charges, rose 8 per cent to 546m, in line with guidance.
The group blamed portfolio changes for the revenue fall.
We have a lot still to do, but we expect company-wide sales to stabilise this year, and grow again in 2020 and beyond, said chief executive John Fall…
It seems that gaming companies are restructuring left and right this year. Shortly after the Activision Blizzard news, Square Enix is following suit with a plan to consolidate after disappointing Q3 results.
According to its financial report for the nine-month period that ended on December 31st, 2018, profits had fallen by 60.1% from the year before. During the investor call, President Yosuke Matsuda mentioned a restructuring, but weve recently learned more about the situation.
The quote from the call:
As of Q3 of fiscal year 2020, we plan on reorganizing and consolidate the 11 existing business divisions at Square Enix into four business units in order to increase the efficiency of our workflows, make more effective use of our resour…
Australian security software vendor Veriluma has signed a $1.9 million contract with the Department of Defence.
Listed on the Australian Securities Exchange, Veriluma announced the three-year contract with Defence on 22 February, with a possibility for a two-year extension.
Veriluma did not specify details of the contract only stating it will play a role in the transformation of data into value-added intelligence.
“We are delighted our proposal has been accepted by the Commonwealth,” Veriluma CEO Elizabeth Whitelock said. “Verilu…
PepsiCo has kicked off a round of layoffs impacting employees in multiple offices, two people who were laid off by the company told Business Insider.
The company announced in a quarterly earnings call last week that it expects to incur $US2.5 billion in restructuring costs through 2023, with 70% of charges linked to severance and other employee costs.
Roughly $US800 million of the $US2.5 billion is expected to impact 2019 results.
PepsiCo also recently announced plans to restructure the organisation and relentlessly invest in automation.
PepsiCo has kicked off a round of layoffs as it begins a four-year restructuring plan that is expected to cost the company hundreds of millions of d…
Seeking advice about your debts can make improvements to your wellbeing within weeks, according to a new report.
The findings from StepChange Debt Charity are good news for people where debts are having an impact on their health.
The link between debt and depression is well documented, with money worries causing sleepless nights, stress and uncertainty.
Butseeking help to tackle financial concerns will also improve your wellbeing.
StepChange Debt Charity followed up on their clients three, nine and 15 months after their first debt advice session.
Just three months after they spoke to advisors at the charity, two thirds of clients said they worried less about their debts than they did before receiving advice. Four in five said they were “…
There is a light at the end of the tunnel for tens of thousands of dudded subcontractors after Attorney-General John Quigley pledged to introduce legislation to protect their pay before the end of the year.
Mr Quigley, who took over the Commerce and Industrial Relations portfolio from Bill Johnston in December, yesterday declared he was quietly determined to legislate for pay protection.
He said he intended to adopt barrister John Fioccos recommendations to embrace the east coast model for nationally consistent pay rules.
They include a 15-day pay or explain-why-not deadline, cascading statutory trusts to protect payments down the food chain, and an efficient and quick adjudication system.
He said he had read Subcontractor WA chairwoman Lou…
Ending up with unmanageable debt doesnt usually happen overnight. Instead, its often a slow, almost imperceptible trickle, that can start with being a few hundred dollars short every month, according to Scott Hannah, head of the B.C.-based Credit Counselling Society.
In the early stages, that gentle sloping toward the debt hole can be reversed. You can hunker down, tighten your belt, and dig yourself out.
Beyond a certain point, though, that becomes impossible, according to Doug Hoyes, licensed insolvency trustee and co-founder of Ontario-based Hoyes Michalos and Associates. You are just not going to be a…
(CBS4) Rachael Ray welcomed a mother from Boulder to her show on Thursday. The Rachael Ray show, which airs on CBS4 at 9 a.m. on weekday mornings, featured Kate Lacroix and her ongoing efforts to pay off school lunch debt in Boulder Valley School District.
(credit: CBS)
After seeing someone else eliminate all the layaway debt at a store, Lacroix got the idea to do the same for the Boulder Valley School District lunch program.
I knew that school lunch shaming existed across the country. School lunch debt is when parents cant afford to pay for their students lunch. The kids still get to eat, but (the family) gets a bill, she said.
Lacroix said since starting the effort, she has heard from people around the country who want to start simila…
