FTI tallies up Collection House’s debt

  • 📰 FinancialReview
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 90%

Australia Headlines News

Australia Latest News,Australia Headlines

FTI Consulting has mailed out debt collector Collection Houses’s lenders the details of its borrowings, as they met for the first creditors meeting at 1pm on Monday.

Collection House had two major secured creditors, owing $10.85 million to Westpac Banking Corporation and $1.97 million to the Commonwealth Bank of Australia.

It had another $5.63 million via 95 unsecured creditors and about $1 million of debts on the personal property securities register .FTI Consulting was still working through Collection House’s bank accounts and other assets and was reviewing its outstanding debtors. writes on technology, internet culture, cryptocurrencies and software from our Sydney newsroom. She has previously covered global capital markets and economics.

Source: Loan Digest (loandigest.net)

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in AU

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Insolvency fears at Collection House 6 months before administrationDocuments obtained by AFR show insolvency experts were in talks with the embattled debt recovery outfit late last year. You know the economy is well fucked when debt collectors are being liquidated. Did some work with Collection House in 2018. A deeply uninspiring outfit. Largely FTE driven with terrible tech, data, analytics. Was an easy short sell trade. Rivas was the canary in the coal mine
Source: FinancialReview - 🏆 2. / 90 Read more »

Could Shinzo Abe's death spell the end of his lauded Abenomics policy for Japan?The former Japanese prime minister is often credited with repairing the country's economy, however, as Japan's debt grows, analysts say the country could shift away from its 'Abenomics' policy. Democracy will decide this ABC I think it was already failing. Japan basically instituted MMT over 20 years ago. Is that 'lauded' or just pragmatic necessity?
Source: abcnews - 🏆 5. / 83 Read more »

Protesters set fire to Sri Lankan PM's home after storming President's houseJust hours after the President said he would resign when a new government is formed, angry protestors stormed his home and office. 9News
Source: 9NewsSyd - 🏆 23. / 51 Read more »

Protesters set fire to Sri Lankan PM's home after storming President's houseJust hours after the President said he would resign when a new government is formed, angry protestors stormed his home and office. 9News Why are your CC not automatic on your YouTube. Fix this. It should be always on. This is going to spread globally. When socialists push for net zero omissions people suffer then revolt.this is going to become more common
Source: 9NewsAUS - 🏆 10. / 72 Read more »

Sri Lanka protesters, angered by economic meltdown, storm president's houseThousands of protesters in Sri Lanka's commercial capital Colombo have broken through police barricades and stormed the president's official residence in one of the largest anti-government marches in the crisis-hit country this year. Blood on their hands 👇 ?. Western elites were in the grip of an ideology that made them incapable of understanding the hard realities of energy production. Fair enough. When you focus on lining your own pockets whilst allegedly giving a shit about a nation, expect anarchy. First domino.
Source: abcnews - 🏆 5. / 83 Read more »

Biden in crisis mode as specter of one-term Carter haunts White HousePresident urged to act more forcefully to deal with rising inflation, gun violence and dire supreme court rulings I'm afraid that nothing put down in this article has Biden's stamp on it. It is not dissimilar to the rubbish being drummed up to causate the Labor Party here for years. Americans are a well educated greedy bunch of reprobates who have ruined their own country.
Source: GuardianAus - 🏆 1. / 98 Read more »