Insolvency Guardian Media Centre
Smiths City Dunedin, which moved to Crawford St this year, was among nine stores that temporarily closed yesterday after the company was placed into voluntary administration.
Property investor Jason La Hood, who is also a director of the city’s Golden Centre mall, said the announcement was “very unfortunate” for staff.
“If you are in a low-margin business with increasing fixed costs and your competitor is an Australian heavyweight such as Harvey Norman with immense buying power and a strong balance sheet then it doesn’t take much of a downturn for the dam to break.”
There was still strong demand…
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Evergrande, formerly one of China’s biggest property developers, has been delisted from the Hong Kong stock exchange, capping the end of a long fall from grace.
The company was removed from the exchange on Monday after an 18-month freeze on trading, imposed when the developer – once valued at more than HK$400bn (US$50bn) – was put into liquidation.
Liquidators had told investors earlier in August the listing was set to be cancelled and they would not seek a review, after the stock exchange warned the company it had passed the July deadline to resume trading.
The company could no longer be viewed on the exchange’s website on Monday.
It had been valued at a little over HK$2bn (US$260m), with 13bn issued shares worth just HK$0.16…
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The Debt Management Office, DMO, has urged sub-national entities in Nigeria to ensure effective debt management practices to ensure sustainable economic development.
The Director-General of the DMO, Patience Oniha, gave the advice at a World Bank assisted workshop on “Borrowing Guidelines for Top Policy Makers ” in Lagos.
Oniha said the workshop was informed by the need for sub-national governments to understand that the country operated one economy, with actions of one level of government affecting the other.
She called for prudent utilisation of borrowed funds
“The other part of the story is using the money well and making sure that you can manage your debt in a sustainable manner.
“The reason we want…
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September 2, 2025
Dana White’s Significant Gambling Debt
Dana White, the CEO of UFC, is reportedly carrying a substantial gambling debt estimated between $25 million and $50 million with Red Rock Resorts, a prominent Las Vegas casino operator. Despite this large unsettled amount, Red Rock appears to be patient in collecting the debt, largely due to its strong business…
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Dana White Reportedly Carrying Millions In Gambling Debt With Red Rock Resorts SCCG Management
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Bankruptcy records show at least ten “forever” prize winners may never collect millions they were promised.
PORTLAND, Ore. — For decades, Publishers Clearing House made dreams come true. In August 2012, its Prize Patrol surprised a Southern Oregon man with balloons, flowers and an oversized check.
“You won $5,000 a week, forever!” a member of the Prize Patrol said with TV cameras rolling.
John Wyllie of White City, Oregon thought he was set for life. The jackpot allowed him to retire. Wyllie moved closer to his kids and bought a house on six wooded acres near Bellingham, Washington.
…
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Sponsored: Debt Relief Exclusively for Texans WFAA
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Sponsored: Debt Relief Exclusively for Texans WFAA
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Debt Relief Strategies with UMassFive College Credit Union WWLP
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Many Australians face the challenge of managing Australian Tax Office (ATO) debt alongside mortgages, personal loans and everyday expenses.
This financial pressure can make cash flow difficult, but there may be a practical solution: consolidating ATO debt into a home loan.
By refinancing or restructuring a mortgage to include tax debt, homeowners may benefit from lower interest rates than those charged by the ATO, more manageable repayments and the convenience of having one regular repayment instead of juggling multiple obligations.
This approach can ease financial stress and provide greater control over household budgets.
It’s important to note that not all lenders accept ATO debt consolidation. However, there are lenders who…
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Smiths City Dunedin, which moved to Crawford St this year, was among nine stores that temporarily closed yesterday after the company was placed into voluntary administration.
Property investor Jason La Hood, who is also a director of the city’s Golden Centre mall, said the announcement was “very unfortunate” for staff.
“If you are in a low-margin business with increasing fixed costs and your competitor is an Australian heavyweight such as Harvey Norman with immense buying power and a strong balance sheet then it doesn’t take much of a downturn for the dam to break.”
There was still strong demand…