Muswellbrook’s Mayor has spoken out, following news one of the Shire’s coal mines is on the brink of collapse.
Jeff Drayton says some local businesses have been left hundreds of thousands of dollars out of pocket – as Dartbrook Mine is placed into administration.
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China’s GAC Fiat Chrysler JV declared bankrupt MSN
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It’s a case of another day and another Australian transport company exiting the industry, with Transtar Linehaul entering administration.
On July 7, the New South Wales based operator appointed Hamilton Murphy as administrators, with a first meeting held with creditors yesterday.
On Hamilton Murphy’s website, it has also called for expressions of interest in the company.
“Expressions of interest are sought for the business/assets of a company that provides linehaul services with a fleet of 46 European prime movers and 70 drop deck tautliner trailers,” the notice says.
MORE OWNERDRIVER TRENDING STORIES:
“Transtar Linehaul provides…
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Petition U/S 7 Of IBC Not Maintainable For Non-Return Of Expired, Uninvoked Bank Guarantee Under… Live Law
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B.C. Credit Counselling Society sees surge in younger clients seeking debt relief CBC
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The National Company Law Tribunal (NCLT), Mumbai Bench of Lakshmi Gurung (Judicial Member) and Hariharan Neelakanta Iyer (Technical Member) has held that pledged shares held by the Corporate Debtor in its subsidiary company are assets of the Corporate Debtor and, therefore, cannot be invoked by the pledgee during the Corporate Insolvency Resolution Process due to the bar under Section 14 of the IBC.
The Interlocutory Application has been filed by Asset Reconstruction Company (India) Limited (Applicant) under section 60(5) of the Insolvency and Bankruptcy Code, 2016 (Code) read with Rule 11 of the National Company Law Tribunal Rules, 2016 (NCLT Rules) seeking to exclude the pledged shares from the assets of the Corporate…
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The average new CAP client in Yorkshire owed more than £11,600 last year, the charity says.
Meanwhile, figures released earlier this year by financial advisers Hargreaves Lansdown found households are now spending an average of £216 a month on credit cards, loans and overdrafts – a figure that soars to nearly 20% of income in the UK’s debt hotspots.
With unsecured debt growing faster than people’s incomes, campaigners warn this is fuelling poverty, deepening inequality and exposing the urgent need for government action.
Yvette believes that early financial education from primary school onwards would be a “vital” tool in helping children learn lifelong good money habits.
“Because if young people don’t learn, when they grow older, they’re…
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Mountbellew fundraiser is critical to help stave off vulture fund calling in massive debt Connacht Tribune
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Bruno Mars Jokes He’s ‘Almost Out of Debt’ After Blackpink Show Surprise MSN
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Le Coq Sportif, uno dei brand sportivi più antichi in Francia e in Europa, è entrato in procedura di bancarotta presso il Tribunale Commerciale di Parigi. Una notizia purtroppo annunciata da tempo, visti i tanti problemi finanziari del brand con il Galletto, ora controllato al 75% dal gruppo Airesis, che ha acquistato le quote nel 2005. “Le Coq Sportif si affida a questa procedura per rispondere alle sfide che il marchio deve affrontare, proteggendo i suoi 330 dipendenti e centinaia di posti di lavoro indiretti” si legge sul comunicato ufficiale. Una decisione resa necessaria dalla situazione finanziaria insostenibile dell’azienda, che non è riuscita a saldare i prestiti chiesti al Comitato Olimpico di Parigi 2024 per 150.000 euro…
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A Malaysian man recently expressed his deep regret over losing his wife and child due to his gambling addiction.
In a heartfelt submission on the Facebook page XUAN, he shared that his bad habits led his wife to file for divorce.
“Now I live alone. Every day after work, I come home and stare at the four walls, open my phone and look at old photos of our family of three, and my heart aches as if it’s being torn apart. I can barely sleep at night,“ he wrote.
He admitted to gambling away all of his savings and resorting to loans and maxing out his credit cards. He also confessed to secretly using his wife’s savings and stock investment accounts to fund his addiction.
“I hid this from her for half a year before I finally gathered…
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HONG KONG, July 20 — Hong Kong actor Jacky Heung has settled a gambling debt that recently landed him in legal trouble with a Macau casino operator, South China Morning Post (SCMP) reported.
On Wednesday, MGM China confirmed that the issue had been resolved and legal proceedings were dropped, just a day after it was reported that its subsidiary MGM Grand Paradise had filed a writ against the actor in the Hong Kong District Court.
“The matter involving Mr Jacky Heung Cho arose from a credit guarantee he provided for a third party. Due to overdue payments not being made, MGM China subsequently initiated standard legal procedures to address the related matters,” the casino group said in a…
