Public touts ‘debt reset’ talks
Jon Adgemis’ Public Hospitality Group has confirmed it’s working on a new debt deal with lenders in a bid to right its operations. A spokesman for the group, which represents almost 22 pubs and hotels across Sydney and Melbourne, said Public was now moving to negotiate its debt facilities with lenders after a bid to […]
Do I qualify for credit card debt forgiveness if my debts are in collections?
Credit card debt forgiveness services may be able to help you pay off what you owe, even if your debts are in collections. Getty Images Credit card debt can be challenging to deal with in today’s economic environment. Inflation is causing higher prices on consumer goods, and the rate hikes meant to help temper inflation have […]
Jon Adgemis kicks off new debt deal search for Public Hospitality Group
Sydney deal-maker Jon Adgemis is working on a new deal to rescue his ailing pub empire after a $500m refinancing with private lenders Bain Capital fell over. The Australian understands Mr Adgemis is now seeking to reorganise the debts across his group of almost 22 pubs and other properties, in a deal which would see […]
Dramatically improve debt collection and customer service with omnichannel
Telviva executive for contact centre services Martie de Beer South Africa narrowly escaped a technical recession, according to the latest figures from Statistics South Africa. Recession or no recession, growth is just not high enough to improve economic conditions and, coupled with record interest rates and increasing prices at the fuel pump and grocery store, […]
Indiana appellate court finds debt company violated FDCPA and Indiana’s deceptive consumer sales act | Orrick, Herrington & Sutcliffe LLP
Recently, the U.S. Court of Appeals of Indiana affirmed a state trial court’s decision concluding that the defendant was a debt collector under both the Indiana Deceptive Consumer Sales Act and the FDCPA when it purchased and collected defaulted debt. The Court of Appeals rejected the defendant’s argument in its motion for partial summary judgment […]
Kate Middleton’s parents trying to deal with severe debt crisis ‘in private’
‘To Di For’ podcast host Kinsey Schofield says Princess Kate’s parents are trying to deal with their severe debt crisis “in private”. Her comments follow reports from The Times that the royal’s parents Carole and Michael Middleton are in severe debt due to their party business. “What we do know is that the Middletons are […]
Why Did Family Business Party Pieces Fail?
Princess Kate Middleton’s family is at the center of some financial troubles after her parents, Carole and Michael Middleton, were forced to say goodbye to the family business they had operated for several years. Now, they’re facing large amounts of debt. What led to the Middleton family’s money problems? Why Did Carole and Michael Middleton […]
[Video] Unlocking a Consumer’s True Capacity to Pay
Did you know that a consumer’s credit score isn’t the most indicative measure of their capacity to pay? Credit scores lag, they don’t provide a full picture, and they can’t be monitored daily. By focusing on capacity to pay instead of a credit score, many in the collections industry are seeing an uptick in their […]
The harsh reality of government subsidies
Small business debt to the ATO now accounts for around 65 per cent of the more than $52 billion owed to the government. That’s a lot of SMEs mainly in the hospitality, construction and retail industries who have not paid their tax. While the headlines are running strong against the Tax Office for taking an […]
KordaMentha goes ‘Public’ in Adgemis-Bain debt talks
KordaMentha has become involved in a $500m face-off between Sydney property investor Jon Adgemis and Bain Capital over the Public Hospitality Group. Mr Adgemis and Bain are locked in heated negotiations over a potential deal that could result in the former KPMG rainmaker securing a roll-up of a string of different loans across Public Hospitality, […]