Insolvency Guardian Media Centre
Golf club enters voluntary administration amid redevelopment project
The six new holes under construction next to the old part of the course.
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The six new holes under construction next to the old part of the course.
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New holes under construction next to the old part of the course.
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New holes under construction next to the old part of the course.
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The Aveo retirement village, top right, under construction in the middle of the old part of the course.
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New holes under construction next to the old part of the course.
Shortland Waters Golf Club appears destined to be taken over by another club after going into voluntary administration midway through a major reconstruction project.
Several other Newcastle golf clubs, including Be…
Read the full article at: http://www.theherald.com.au/story/5571081/golf-club-enters-voluntary-administration-amid-redevelopment-project/
Gilbert Arenas says that trash talking during a card game popular around the NBA — not money — led to a gun showdown with then-Washington Wizards teammate Javaris Crittenton in December 2009.
Speaking in depth about the situation for the first time, Arenas told The Action Network that he and Crittenton were playing a cross between poker and spades called bourré (also spelled “booray”) on a team flight when things got heated.
Crittenton was already losing hands when Arenas joined the game, and the leader of the team saw a chance to take advantage of the younger player.
“I mean, this man was bleeding. I’m already hyped because there’s $1,100 in the pot,” Arenas said, according to the website. “I smell the blood. … I came…
Read the full article at: http://www.espn.com/nba/story/_/id/24312447/gilbert-arenas-says-gun-incident-trash-talking-not-money
FORMER NBA star Gilbert Arenas has finally offered up some details into the infamous December 2009 gun incident in the Wizards locker room between himself and ex-teammate Javaris Crittenton.
In his first extensive comments on the episode, Arenas told The Action Network this week that the shocking showdown grew out of a card-game dispute involving him, Crittenton and teammate JaVale McGee but that, ultimately, it was about trash-talk and bluff-calling, not a gambling debt, as had been widely believed.
According to Arenas, the three had been playing a card game called booray a cross between poker and spades on a team flight.
Crittenton was losing big and steaming bigger.
After McGee won a hand, and a pile of Crittentons money, Arenas piled …
Read the full article at: https://www.news.com.au/sport/basketball/gilbert-arenas-details-crazy-card-game-that-led-to-wizards-gun-incident/news-story/f25178375617cebf7fedf2aeb320b17d
NEWCASTLE and Wyong feature heavily in personal bankruptcy figures that show bankruptcies across the country are growing at a rate of almost six per cent a year, well above our population growth of under two per cent.
June quarter figures released this week by the federal governments Australian Financial Security Authority show Wyong topping the personal insolvency table with 89 people, followed by Penrith with 78 and Campbelltown with 71.
Wyong is classified by the authority as part of greater Sydney. Outside of Sydney, Newcastle had the most bankruptcies with 49, followed by East Lake Macquarie with 46 and Shoalhaven with 44.
Looking nationally, the authority counted 31,859 new personal insolvencies in Australia in the financial year ende…
Read the full article at: https://www.theherald.com.au/story/5574162/personal-bankruptcy-on-the-rise-but-who-tops-the-list/?cs=305
Barry Ferguson, the former Rangers and Scotland football captain, has had his bankruptcy order over debts of more than £1 million discharged.
Ferguson, 40, was declared insolvent last year. Records from the Accountant in Bankruptcy, Scotlands insolvency service, show that he was discharged from his bankruptcy on July 21 after co-operating with his trustee.
The discharge means that restrictions on his ability to apply for credit and a ban on him being a company director have been lifted. However, the process of recovering money owed to creditors could go on for years.
His debts were originally listed as being more than £1.4 million and he declared £3,000 worth of assets. The final debt has been recorded as £1,094,083 with assets totalling…
Read the full article at: https://www.thetimes.co.uk/article/barry-ferguson-ex-rangers-captain-with-1m-debt-discharged-from-bankruptcy-js3z38nwq
INVESTIGATIONS are continuing into the collapse of CQ builder Metro Builders, including claims the business made unfair preference payments and traded while insolvent.
Liquidator Jirsch Sutherland was appointed after Metro Builders closed on June 8 leaving debts of almost $5 million and 40 homes unfinished.
Jirsch Sutherland partner Chris Baskerville said he hoped to reach settlement with Edenbrook, the developer that owned the land on which Metro had two display homes.
One of the homes was completed to partial frame stage, the other was under contract.
Mr Baskerville said he was continuing to assist the QBCC in its efforts to compensate customers under the home warranty scheme and was still awaiting an independent insolvency report on the…
Read the full article at: https://www.themorningbulletin.com.au/news/cq-builder-investigation-finds-claims-of-insolvent/3488601/
AUSTIN, Texas, Aug. 7, 2018 /PRNewswire/ — Samuels Jewelers, Inc. affirmed today that the Company’s approximately 122 stores and its e-commerce site are open for business and are continuing to offer customers great service and a curated assortment of merchandise in fine jewelry.
Samuels Jewelers, Inc. is implementing a court-supervised process in the United States that will allow the Company to restructure its finances while continuing normal business operations. The Company expects this restructuring process will enable it to significantly reduce its outstanding debt.
“We are confident that we are taking the right steps for Samuels Jewelers,” said Farhad Wadia, Samuels Jewelers’ CEO. “Our customers around the U.S…
Read the full article at: https://markets.businessinsider.com/news/stocks/samuels-jewelers-continues-normal-operations-during-financial-restructuring-process-1027440211
NEW data has revealed Bundaberg’s insolvency woes are far from over, with the number of individuals racking up debt in the region holding steady.
Forty-seven insolvencies were filed in Bundaberg between April and June 2018, according to the Australian Financial Security Authority.
The concerning figures show the number of insolvencies in the region has barely improved since the March quarter, when 53 individuals declared bankruptcy or entered debt arrangements.
Nonetheless, the 11.3 per cent decrease from earlier this year shows Bundy’s debt figures are at least heading in the right direction.
The same level of consistency is noticeable when comparing the most recent data to statistics recorded in the 2017 June …
Read the full article at: https://www.news-mail.com.au/news/insolvency-issues-arent-going-away/3488238/
Golf club enters voluntary administration amid redevelopment project
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The six new holes under construction next to the old part of the course.
-
The six new holes under construction next to the old part of the course.
-
New holes under construction next to the old part of the course.
-
New holes under construction next to the old part of the course.
-
The Aveo retirement village, top right, under construction in the middle of the old part of the course.
-
New holes under construction next to the old part of the course.
Shortland Waters Golf Club appears destined to be taken over by another club after going into voluntary administration midway through a major reconstruction project.
Several other Newcastle golf clubs, including Be…
Read the full article at: http://www.theherald.com.au/sport/rugby-union/5571081/golf-club-enters-voluntary-administration-amid-redevelopment-project/
Homebase is preparing to announce the closure of up to 80 stores next week, with the probable loss of about 1,000 jobs.
The loss-making DIY chain, which was bought by the restructuring experts Hilco in a deal agreed in May, is expected to file a company voluntary arrangement (CVA), a form of insolvency that enables a retailer to exit or alter deals with landlords.
The process is expected to be handled by Alvarez & Marsal, a specialist adviser on corporate insolvencies that advised Toys R Us on a CVA before the it collapsed this year.
The company has already shut 17 unprofitable stores and confirmed plans to close at least 23 more. Industry insiders said the 23 would be part of a CVA involving between 60 and 80 stores in total.
Read the full article at: https://www.theguardian.com/business/2018/aug/08/homebase-set-to-announce-closure-of-up-to-80-stores
For each card, we also note how much it would cost, in interest payments, to pay off $2,500 in one year, $5,000 in two years, $7,500 in three years and $10,000 in four years.
The estimates depend on introductory APR periods, interest rates thereafter, the balance transfer fee and rewards. The figures are ranged based on the variable APR you might qualify for, which, like your credit limit, is determined by your creditworthiness. We did not factor into the estimates what you might earn from cash back or sign-up bonuses. That’s because when you first transfer a balance onto these cards, you probably have little available credit, in which case you would not b…
Read the full article at: https://www.cnbc.com/2018/08/08/the-best-credit-cards-to-help-you-get-out-of-debt.html
As Katie Price continues to face alleged financial woes, the star is set to appear at the bankruptcy court today.
The star was once said to be worth £45million, however shes scheduled to appear at the Rolls Building in London, part of the High Court, on Tuesday morning to face a hearing that could see her declared insolvent.
Court lists state the case for Katie Alexandra Price is set for 11am.
It comes as she reportedly attempts to sell her £2million West Sussex mansion, as well as an £100k Audi once bought second-hand for ex-husband Kieran Hayler.
Shes also admitted recently to staging paid photoshoots with paps, after some raunchy images emerged fr…
Read the full article at: https://metro.co.uk/2018/08/07/katie-price-faces-music-heads-bankruptcy-court-amid-mounting-financial-woes-7806900/