Insolvency Guardian Media Centre
KUALA LUMPUR, Sept 13 Prominent lawyer Tan Sri Muhammad Shafee Abdullah built a reputation for getting people off charges as grave as murder, drug trafficking and corruption, but is now in the dock just like his varied clients.
Shafee used to working from the outside as counsel for high-profile politicians and businessmen was formally accused today of the same crime for which he is defending former…
Read the full article at: https://www.malaymail.com/s/1672184/who-is-shafee-abdullah-the-formidable-lawyer-now-on-other-side-of-the-table
Ryan Thomas jokes he ‘now knows how to pay the taxman’ after his £40K bankruptcy hell… as he admits he ‘dreams of making millions after CBB’
- The 34-year-old actor, who was crowned winner of CBB on Monday, appeared on Jeremy Vine to discuss Punchgate and his future success
- Back in 2013, Ryan, who starred as Jason Grimshaw on the soap from 2000 to 2016, filed for bankruptcy after a petition from HMRC over a £40,000 tax bill
- After finding fame at 16, he admitted his generosity led to his financial plight, yet he admits he has now learnt his lesson with the taxman
- Amid speculation he will net millions in TV deals after the show, he confessed: ‘I hope my dreams will come true’ in a bid to support his daughter Scarlett, nine…
Read the full article at: https://www.dailymail.co.uk/tvshowbiz/article-6159061/Ryan-Thomas-jokes-knows-pay-taxman-40K-bankruptcy-hell.html
LOS ANGELES, Sept. 12, 2018 (GLOBE NEWSWIRE) — B. Riley FBR, Inc. (B. Riley FBR), a leading full service investment bank and wholly-owned subsidiary of B. Riley Financial, Inc., announced today that Alex Rohan has joined the firm as a Senior Managing Director in its Corporate Restructuring division. Rohan brings over 25 years of investment banking, legal and financial advisory experience, most of which has involved all aspects of complex corporate restructurings. He is based in the firms New York office.
Were thrilled to welcome Alex to our Corporate Restructuring group, said Perry Mandarino, Co-Head of Investment Banking and Head of Corporate Restructuring. His extensive restructuring experience combined with his multi…
Read the full article at: https://markets.businessinsider.com/news/stocks/b-riley-fbr-adds-corporate-restructuring-veteran-alex-rohan-as-senior-managing-director-1027528295
Consider this your official legal explainer about Brett Kavanaugh and the game of Cee-Lo
We are at the written questions stage of the Brett Kavanaugh confirmation process. Each Senator submits a set of written queries. The nominees are supposed to respond, but if you think a guy like Brett Kavanaugh can be evasive about his views at the hearings, wait until he gets a pen in his hand.
Still, there are some explosive questions from Democratic Senators, and some of the best ones are being asked by Rhode Island Senator Sheldon Whitehouse. Remember how, before the hearings, it was revealed that Brett Kavanaugh had a mountain of debt, that was mysteriously and quickly paid off? He passed it off as incurred from buying baseball tickets a…
Read the full article at: https://abovethelaw.com/2018/09/yo-did-brett-kavanaugh-roll-aces-and-get-emotional-about-losing-his-stash-sheldon-whitehouse-thinks-so/
WASHINGTON Senate Democrats are demanding written answers from Supreme Court nominee Brett Kavanaugh to more than 1,000 questions following a four-day confirmation hearing last week that elicited more heat than light.
The queries go beyond the law to policy, politics and Kavanaugh’s personal life, including his finances and potential benefactors. Several senators sought details on the federal appeals court judge’s debt-fueled purchase of baseball tickets and asked if he has been a gambler.
The avalanche of questions follows more than 20 hours of testimony last week and some 17,000 pages of personal backup material submitted to the Senat…
Read the full article at: https://www.dailyamerican.com/news/usa_today/baseball-tickets-gambling-debts-democrats-dig-for-answers-from-supreme/article_f6b1788a-38de-5cc9-abba-10299cc9ae0f.html
“Everyone in the group paid me for their tickets based on the cost of the tickets, to the dollar,” Kavanaugh told senators in written questions for the record submitted Wednesday night. “No one overpaid or underpaid me for tickets. No loans were given in either direction.”
Kavanaugh’s personal finances were a point of inquiry from several Democratic senators in their follow-up questions submitted to the nominee after his nomination hearing last week. Over the course of 263 pages, he responded to a range of questions ranging from his views on areas like abortion and presidential power to his role in receiving documents Senate Democrats say were stolen while he was serving in the White House counsels office.
He also responded to quest…
Read the full article at: https://www.cnn.com/2018/09/12/politics/brett-kavanaugh-baseball-ticket-debt-washington-nationals/index.html
- Solomon Lew says the board of directors of Myer is an absolute disgrace.
- His Premier Investments, the largest shareholder in Myer, wants the board replaced.
- Lew says the banks are now in control of Myer after the department store refinanced.
Billionaire retailer Solomon Lew has prepared a report card on Myer, the ailing department store in which his Premier Investments is the largest shareholder.
Myer posted an annual loss of $486 million, as sales continue to slow, plus restructuring and store exit costs and impairment of assets.
Announcing the results, John King, the new CEO, said: Shareholders deserve better.
Lew says: The Board of Myer is an absolute disgrace.
Premier Investments, which has a…
Read the full article at: https://www.businessinsider.com.au/solomon-lew-myer-disgrace-2018-9
Westend61/Getty Images After using my credit cards to pay for my extensive medical bills, I was suddenly drowning in debt. Thanks to the high interest rate on my cards, my balance continued to balloon. Desperate for a solution, I thought credit card consolidation would solve my problems, but it backfired terribly. That wasnt the fault of debt consolidation; it was my own poor decisions that made it ineffective.
My situation isnt unusual. According to Experians State of Credit report, American households have $6,354 in credit card debt, on average. With high interest rates, its easy for that debt to spiral out of control, so many people turn to debt consolidation for help.
Although credit card consolidation can be a useful tool to o…
Read the full article at: https://www.bankrate.com/personal-finance/debt/mistakes-when-consolidating-debt/
THE collapse last month of Wonga, a payday lender, was cheered by many Britons. The company, which was the best-known lender in the so-called short-term, high-cost credit market, lent money to people who needed something to tide them over until their next paycheque. It was a notorious firm. A coroners report in 2014 noted that on the day Kane Sparham-Price, an 18-year-old, hanged himself, Wonga had taken from him part-payment for a debt, emptying his bank account and leaving him in absolute destitution. The demise of Wonga may stop some Britons finding themselves in such desperate financial situations. Yet the underlying causes of Britains debt troubles are worsening.
In the past two years Britons have been squeezed by both the labour mar…
Read the full article at: https://www.economist.com/the-economist-explains/2018/09/13/why-britons-are-worried-about-debt
Balmain Tigers have demonstrated their traditional fighting spirit, staving off voluntary administration by negotiating a significant financial contribution from Heworth Pty Ltd, the developer who took control of their Rozelle site 18 months ago.
Rumours have swirled for days that Balmain, a 1908 foundation club, would be forced into voluntary administration, almost 10 years to the day after the start of the global financial crisis, which halved the value of their assets.
Glory days: Balmain have a rich heritage in Sydney rugby league, including the club’s final premiership in 1969.
Photo: SMH Photographgic
Balmain’s two licensed clubs, at Sydney Markets and Five Dock, have not provided the cash flow necessary to meet all its obligations, …
Read the full article at: https://www.smh.com.au/sport/nrl/balmain-stave-off-voluntary-administration-but-fight-is-far-from-over-20180913-p503kt.html
Supreme Court nominee Brett Kavanaugh listens to the Senate Judiciary Committee on Capitol Hill on, Sept. 4. (AP Photo/Jacquelyn Martin)
The Senate Judiciary Committee late Wednesday released more than a thousand written questions posed by senators and answered by U.S. Supreme Court nominee Brett Kavanaugh in the wake of his confirmation hearing last week.
In most instances, Kavanaugh stuck to his view that he would not be drawn into political issues, and at other points referred the senators to things he had said at the confirmation hearing, without elaborating.
Committee chairman Chuck Grassley, R-Iowa, lashed out at Senate Democrats for trying to gum up the process with an…
Read the full article at: https://www.law.com/nationallawjournal/2018/09/12/senators-press-kavanaugh-over-kozinski-clerkship-loyalty-personal-debt-more/
Luke Baylis is back in charge at SumoSalad, heading up the healthy fast food chain after putting the business into voluntary administration in July this year.
Weve had a full bill of health. The team have been incredibly supportive, they are very passionate. Its been a tough time but its been incredibly positive and a fresh start for us, Baylis told Inside Franchise Business. Weve had legacy issues, this gives our business the ability to remove those legacy issues and create a really strong platform that doesnt divert us from moving the business forward.
Undertaking the 35 day Deed of Company Arrangement process was an intensive way to tweak and restructure the business, he said.
Significant improvements in profit and cashflow h…
Read the full article at: https://www.insideretail.com.au/news/sumosalad-gets-fresh-start-after-voluntary-administration-201809
Supreme Court nominee Brett Kavanaugh listens to the Senate Judiciary Committee on Capitol Hill on, Sept. 4. (AP Photo/Jacquelyn Martin)