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Martin Building Services, liquidationONE of the Hunters best-known homegrownbuilders, Martin Building Services, has foldedwith debts of almost $10 million. The
Kansas City advertising icon Bob Bernstein now has the inside track to buy several Beauty Brands stores out of the companys bankruptcy estate, court filings show.
If successful, Bernstein will be back in control of the salon and spa retailer that he founded in 1995.
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The global Debt Consolidation Market has been segmented by region which includes the United States, Canada, Mexico, Germany, France, UK, Ital…
Allen working at home during her time as a crime reporterLEON FARRELL/PHOTOCALL IRELAND
Liz Allen, a novelist and former journalist, has been declared bankrupt with debts of 3.7m after the High Court accepted she had no realistic prospect of repaying creditors. Allen, who became the Sunday Independent crime correspondent following the murder of Veronica Guerin, lost heavily on a series of property investments a decade ago.
Her statement of affairs shows Allen owed 3.2m to Bank of Ireland. It financed a property development by Allen and her estranged husband Andrew Hanlon, former director of news at TV3, in the mid-Noughties.
Allen and Hanlon bought a run-down bungalow in Killiney in 2006 for about 2.5m. They subsequently demoli…
Former New Mexico Gov. Susana Martinez (Journal file)
One of Susana Martinezs former bodyguards has filed a lawsuit against the Department of Public Safety that at times reads more like a soap opera script when describing the inner workings of the former governors security force.
Tony Fetty, who said he spent six years on Martinezs security detail before being abruptly reassigned to patrol duties and sent to remedial training, filed the lawsuit in state District Court in Santa Fe last week. The suit said that the Department of Public Safety retaliated against him in violation of the whistleblower protection act because he raised questions about actions by other members of the detail.
Perth families are losing their homes and being chased by debt collectors as councils move to recover more than $73 million in unpaid rates across the city.
The value of outstanding rates ballooned 20 per cent last year, piling more pressure on households already struggling to service mortgages on homes in many cases now worth less than their loan.
Not helping matters is that the total value of rates raked in by Perths 30 metropolitan councils surpassed $1.6 billion last financial year, an increase of about 4.2 per cent on the previous year.
Under the Local Government Act 1995, a council is able to take possession of a property if its rates are left unpaid for three years or more.
City of Stirling launched proceedings to repossess 47 homes…
The incident took place in Ashulia, Dhaka on Friday
A day labourer has been stabbed to death over a gambling debt of Tk100 in Ashulia, Dhaka.
The incident took place in Ashulias Palashbari area on Friday evening.
The deceased was identified as Johirul Islam, 28. The suspect has been identified as Rezaul, 18.
Speaking to the Dhaka Tribune, Johiruls father Abdul Malek said Johirul lived with his family in a rented house in Palashbari.
On Wednesday, my son played a game of Ludo with Rezaul, where they placed a bet of Tk100. My son lost to Rezaul and promised to pay him the next day, but he could not. Rezaul got angry and attacked my son on Friday evening.”
Locals rushed a critically injured Johirul to Enam Medical College and Hospital in Savar…
Boutique investment bank PJ Solomon is starting to push the boundaries of the word boutique, at least in terms of its size. The private U.S. advisory firm has been rapidly adding headcount after entering an agreement with Natixis in 2016 that made the French investment bank a majority owner. Nearly three years after inking the deal, PJ Solomon is looking to push the pedal down even further.
The boutique, formerly known as Peter J. Solomon & Co., has nearly doubled its number of investment bankers over the last two-plus years. It currently employs more than 80 bankers, including 22 managing directors. Chief Executive Marc Cooper said he hopes to double that number yet again over the next two to three years. He also hinted at the possibi…
ONE of the Hunters best-known homegrownbuilders, Martin Building Services, has foldedwith debts of almost $10 million. The company, which began in Maitland almost 20 years ago, was placed in the hands of insolvency expertsin December at the request of director and owner Denis Martin. James Shaw, a partner of Shaw Gidley Insolvency Reconstruction, was appointed liquidator on December 14. Mr Shaw said early investigations indicated employees would be paid and the remaining assets would go to the companys banker, which has security over the remainingassets. It is unlikely that there will be anything for creditors, he said. Australian Securities and Investment Commission documents reveal the company has u…
Maintaining a budget is one of the keys to avoiding debt, but during the holidays, it may be more challenging to stick to it. With the purchase of gifts, fancy dinners and decorations, it can be nearly impossible to make it through the season without incurring a little credit card debt.
In fact, about 15% of Americans are still paying off their holiday debt from 2017. If your credit card balance is more than you anticipated, here are some of the best ways to pay it off.
Make a Budget
Budgeting helps you understand the amount of money you have coming in and going out. If you dont already have a budget, now would be a great time to develop one. Youll want to start with your adjusted gross income (AGI); its a common mistake to overinflate y…
NEW YORK, Jan 25 (LPC) – US high-grade companies, including Bristol-Myers Squibb, are boosting the loan element of multibillion dollar acquisition financings in a move that could stretch some banks balance sheets.
Loans are currently cheaper than bonds, which is prompting companies to increase Term Loan A paper and potentially postpone tapping volatile and expensive bond markets.
Floating-rate term loans are also easier to prepay than longer-term bonds and their inclusion could help to address credit rating agency and market concerns about huge debt loads incurred in big corporate tie-ups.
Bristol-Myers Squibb lined up US$8bn in term loans to reduce a US$33.5bn bridge loan put in place early this month to support its US$74bn purchase of …
Nothing ruins a festive mood like thinking about student loan payments.
AB InBev brand Natural Light has found a sizable portion of its audience with drinkers in their early 20s (with whom it is better known as Natty Light), largely due to its low price tag. So it made sense that the brand would tackle an issue like college debt, as it did with its regional Super Bowl effort last year, where it pledged to donate a million dollars to help pay off student loans.
This year, the brand is continuing the effort, with a follow-up Super Bowl campaign by agency Draftline running regionally in five of the top 10 cities with the highest rates of student loan debt: Columbia, S.C.; Jackson, Miss.; Little Rock, Ark.; Raleigh, N.C.; and Richmo…
The Bank of Ghana (BoG) has appointed Felix E. Addo as an Advisor for the National Investment Bank (NIB) to help improve the banks affairs.
Mr. Addos appointment is pursuant to Section 101 (1) of the Banks and Specialised Deposit-Taking Institutions Act of 2016 (Act 930).
He is expected to help restructure NIB through governance and management reforms as well as streamlining its business model to help refocus it as a bank to industrialization.
He will act as Advisor until otherwise decided by the BoG, and as part of his mandate provide the central bank with frequent status reports on NIB.
Mr. Aidoo is the immediate past Country Senior Partner of Price Water House …
Felix Addo