Insolvency Guardian Media Centre
Read the original article here
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy.
To enable cookies, follow the instructions for your browser below.
Facebook App: Open links in External Browser
There is a specific issue with the Facebook in-app browser intermittently making requests to websites without cookies that had previously been set. This appears to be a defect in the browser which should be addressed soon. The simplest approach to avoid this problem is to continue to use the Facebook app but not use the in-app browser. This can be done through the following steps:
1. Open the settings menu by clicking the hamburger menu in the top right
2….
Read the original article here
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously said that ‘Volatility is far from synonymous with risk.’ So it seems the smart money knows that debt – which is usually involved in bankruptcies – is a very important factor, when you assess how risky a company is. As with many other companies Sypris Solutions, Inc. (NASDAQ:SYPR) makes use of debt. But the real question is whether this debt is making the company risky.
When Is Debt Dangerous?
Debt is a tool…
Read the original article here
Some borrowers have five days left to apply for a $5,000 loan: Documentation and eligibility MARCA
Read the original article here
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
ST Group Food Industries Holdings Limited ( (SG:DRX) ) has provided an announcement.
ST Group Food Industries Holdings Limited has announced the creditors’ voluntary liquidation of its indirect subsidiary, GCTea Outlets 2A Ltd, in the UK. This decision is part of the company’s strategic plan to exit the Gong Cha brand in the UK due to the subsidiary’s liabilities and the challenging economic conditions. The liquidation is expected to positively impact the group’s consolidated net tangible assets and earnings per share in the long term,…
Read the original article here
IDBI Bank has filed an insolvency application against Zee Entertainment Enterprises Limited (ZEEL) before the National Company Law Tribunal (NCLT), Mumbai, seeking initiation of the corporate insolvency resolution process for an alleged default of Rs 225.23 crore, reported CNBC TV-18.
The bank has claimed to be a financial creditor, citing a debt service reserve agreement linked to credit facilities availed by Siti Networks Ltd, where the company was a guarantor. The company has reportedly disputed the claim, calling it malicious, fraudulent and meritless, and said it intends to pursue legal action to protect its reputation.
This is not the first time the bank has approached the tribunal on this matter. In 2022, a similar insolvency plea…
Read the original article here
Some scammy debt relief companies promise to get you a lower credit card interest rate, claiming they can save you thousands of dollars. But they don’t have special connections to do that. These companies can’t do anything for you that you can’t do for yourself for free.
Why Your Interest Rate Matters
Having a high interest rate on your credit card means you’ll end up paying more for things you buy, unless you pay your credit card bill off every month. It also might take you longer to pay off your credit card balance.
While there are no guarantees, you might be able to lower your interest rate by calling the customer service number on the back of your credit card and asking the company for a lower rate. There aren’t any shortcuts…
Read the original article here
Melbourne commercial printer, Ezprint, has hit the skids, entering voluntary liquidation following a general meeting of company members last Friday (15 August), halting all work and terminating employment for all staff.
A letter to staff members from company director, Daniel Mayson, stated: “Unfortunately, despite our best efforts, we have reached a point where the business can no longer continue”.
“Due to a combination of external and internal pressures, we are left with no viable option but to close our doors. This difficult decision was not made lightly. I have explored every possible avenue to keep things going, but ultimately, the circumstances have proven too great to overcome.”
In the same letter it says that staff…
Read the original article here
REVEALED: Latest business liquidations in Brisbane The Courier Mail
Read the original article here
Cruise Passenger Jumps Overboard After Allegedly Running Up Massive Gambling Debt MSN
Read the original article here
Cruise ship passenger jumped overboard to avoid $16,000 gambling debt, prosecutors say MSN
Read the original article here
‘Ripped off’: Beauty clinic shuts as customers out of pocket Herald Sun