Beston courting proposals on core dairy business
The beleaguered company has offloaded its meat division and is now courting proposals relating to its core dairy business in a bid to stay viable. Shares in the South Australian dairy company have been suspended since July 1, with the company trying to find a solution to its mounting debt woes. The company’s most recent […]
Panthera Finance administrators force out twin founders after they fell out: report
The founders of debt collections and high-interest lending group Panthera Finance were forced out of the company by administrators after they fell out over the operations of the Brookfield-backed business. Brookfield Special Investments appointed PwC in late June, according to the minutes of a creditors’ meeting filed with the corporate regulator, after the failure “to […]
TV chef’s restaurant racks up $1m debt
A celebrity chef’s newly launched hospitality business has struck a deal with creditors after being unable to pay nearly $1 million of debt. News.com.au can reveal TV chef Adrian Richardson and lawyer Liam McMahon, who are co-directors in the venture, were forced to call in restructuring partners after a string of their Queensland restaurants ran […]
Basile International Legal Firm Sets New Standards in International Debt Collection
WEESP, NETHERLANDS / ACCESSWIRE / July 19, 2024 / Basile International Legal Firm, a rising star in the legal industry, has gained substantial recognition for its groundbreaking approach to international debt collection. Founded by seasoned professionals from diverse legal backgrounds, the firm is bringing fresh and effective solutions to a complex industry. Top-Notch Expertise Basile […]
UK government debt highest since 1962
Image source, Getty Images Article information Author, Faisal Islam & Nick Edser Role, BBC News 19 July 2024, 07:22 BST Updated 1 hour ago The UK’s national debt has reached its highest level since 1962, according to new official figures. The total stock of government debt was worth 99.5% of the value of the economy […]
ATO moves to claw back $50 billion in debt, but during a cost-of-living crisis it’s causing turmoil
The tax office is once again perceived as the ‘bad cop’ on the beat and it’s the Albanese government that’s given it a mandate to go hard and recoup more than $50 billion in debt owed, most of it by small business. The message is clear: the honeymoon period — extended during the COVID-19 pandemic […]
Fears of a US Debt Crisis Are Overblown, PIMCO Economist Says
PIMCO economist Peder Beck-Friis says that high US debt levels do not pose an immediate threat. History shows that policymakers will eventually tackle the issue, he wrote in The Financial Times. Before that happens, volatility will rise in financial markets and the macro economy, he noted. … View the full article to continue reading…
Opinion | Why China is off-limits to me now
Anne Stevenson-Yang is the author of, most recently, “Wild Ride: A Short History of the Opening and Closing of the Chinese Economy.” My husband, who was Chinese, died in October. On the anniversary of his death, our three children plan to carry half his ashes back to Beijing and bury them alongside his parents, as […]
Student-Loan Borrowers Getting Debt Relief Via New Bankruptcy Process
Angle down icon An icon in the shape of an angle pointing down. More student-loan borrowers are getting debt cancellation through bankruptcy. Amanda Andrade-Rhoades/For The Washington Post via Getty Images The Education and Justice Department released new data on the bankruptcy process for student-loan borrowers. It found that 588 new cases were filed from October […]
Is ADMA Biologics (NASDAQ:ADMA) Using Too Much Debt?
Warren Buffett famously said, ‘Volatility is far from synonymous with risk.’ So it might be obvious that you need to consider debt, when you think about how risky any given stock is, because too much debt can sink a company. As with many other companies ADMA Biologics, Inc. (NASDAQ:ADMA) makes use of debt. But the […]