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Collection agency FBCS ups data breach tally to 3.2 million people
Debt collection agency Financial Business and Consumer Solutions (FBCS) now says over 3.2 million people have been impacted by a data breach that occurred in February. FBCS is a nationally licensed debt collection agency in the U.S., specializing in collecting unpaid debts from consumer credit, healthcare, commercial, auto loans and leases, student loans, and utilities. […]
We Think Carpenter Technology (NYSE:CRS) Can Stay On Top Of Its Debt
David Iben put it well when he said, ‘Volatility is not a risk we care about. What we care about is avoiding the permanent loss of capital.’ 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 […]
Muzinich keen on debt deal for Jon Adgemis’ Public Hospitality Group
American private lending operator Muzinich is positioned to pick up a swath of Sydney deal-maker Jon Adgemis’s debts to Deutsche Bank after the successful sign-off of a rescue deal for his pubs group. The pubs baron, who owns and operates 22 pubs and hotels across Sydney and Melbourne, announced on Sunday the group had secured […]
Planet Fitness Kicks Off $800 Million Whole Business Debt Sale
Planet Fitness, a gym chain, on Monday started selling $800 millionBloomberg Terminal of bonds backed by most of the company’s assets, the latest in a string of recent deals known as whole business securitizations. Guggenheim structured the deal and is helping sell the fixed-rate bonds, which comes in two portions of $400 millionBloomberg Terminal each. […]
Worker crushed to death, company collapses
A company that had raised $8 million and had landed its products in Bunnings has collapsed after a horrible incident involving a garbage truck. The company Bardee launched five years ago and had raised $8 million from investors to develop technology that turned food waste into fertiliser and pet food by using billions of black […]
Muzinich positioned to save Public Hospitality Group
Lenders are now thrashing out the final components of a debt rescue deal for Jon Adgemis’ pub group. The pubs baron, who owns and operates 22 pubs and hotels across Sydney and Melbourne, announced on Sunday the group had secured a new debt deal across his hospitality business. The debt deal, tipped at around $400m, […]
Debt-laden Synlait says farmers want out and it needs full $130m shareholder loan
Synlait chief executive Grant Watson. Photo / Supplied Struggling dairy processor Synlait has confirmed a significant majority of its farmer suppliers want to leave. In a market announcement to the Australian securities exchange (ASX) on Monday morning – a public holiday in New Zealand – dual-listed Synlait said the exodus of most of its farmer […]
Debt collector has QLD uni students in their sight
Central Queensland University has begun the process to engage a debt collection agency to collect money owed by students and other debtors. READ THE DETAILS. Central Queensland University, one of Australia’s most widespread rural and public universities, has started accepting expressions of interest from international and domestic debt collection agencies in order to recover the […]
Cardenden debt collector with ‘bad record’ is sent to prison
Christopher Bett, 34, of Kirkburn Drive, appeared for sentencing at Dunfermline Sheriff Court. He admitted that on September 24, 2022 at an address in Cardenden he shouted, swore and banged on the front door. He also sent a phone message in which he made a threat of violence. Depute fiscal Lauren Pennycook said Bett was part of […]