Latest news with #financialtroubles
Daily Mail
3 days ago
- Business
- Daily Mail
Alice Evans shares housing update after claiming she could end up homeless amid financial troubles following Ioan Gruffudd divorce - as her GoFundMe reaches $18k
Alice Evans has shared a housing update after turning to her fans to help her support her children amid financial troubles. The actress, 56, claimed in court documents earlier this month that she would be homeless in three weeks because her financial situation is so 'dire' following her divorce from Ioan Gruffudd. She then created her own Divorce fundraiser, setting up a GoFundMe which has so far raised $18,828, but admitted she was 'so embarrassed' to have to do so. But in a positive update shared on Instagram on Monday, Alice revealed that she and her daughters now have a 'roof over their heads' and had retained their possessions after worrying she would lose them as she thanked fans for donating. She said: 'Just wanted to tell everybody that me and the girls and Emma are safe with a roof over our heads! It's been a whirlwind but we made it through the last three days and managed to save all our belongings too! From A-list scandals and red carpet mishaps to exclusive pictures and viral moments, subscribe to the Daily Mail's new Showbiz newsletter to stay in the loop. 'We could never, ever have done this without the incredible love and kindness from all of you. Honestly I was at my wit's end and you saved me. 'Thank you from the bottom of my heart. I will keep you posted. Love you so much.' Taking to Go Fund Me, the star created her own Divorce fundraisers and has already raised an incredible $16,927 from generous fans after admitting 'I cannot explain how low things got'. Confessing she felt shame in turning to the public for help she penned: 'I'm so embarrassed about this. If you're here you know my story. 'You know how much I struggle to keep my two girls healthy and happy and a roof over their heads. 'You know what I've been through. It never ends. I'm just getting squeezed in every which way and smeared in the media so that nobody even wants to employ me.' And now the star has provided an update after raising almost $17,000, out of a $25,000 goal, as she revealed the family are now able to move her furniture into storage next week. She wrote: 'Quick update. The donations have allowed us to afford a moving truck and a persons to help us move all our furniture into storage next Saturday. She previously explained to fans: 'I need help getting the girls and I to our next place. Moving costs and deposit. We have found such lovely little places - tiny, but they felt like home' 'This is amazing because my main worry was having to abandon it here. Looking for temp accommodation after that and will keep you posted. 'I am so incredibly grateful and humbled by your generosity. I cannot explain how low things got last Wednesday when I reached out. I am unbelievably appreciative and forever indebted to you all. Thank you.' Alice had previously explained she was struggling to cover the moving costs. She told fans: 'I need help getting the girls and I to our next place. Moving costs and deposit. We have found such lovely little places - tiny, but they felt like home. We don't need much. 'I am selling most of my stuff and have jobs lined up to keep us on our feet. We just need that extra bit to get us over the finish line. To be able to present a cash payment upfront that will get us in the door.' Expressing her gratitude she added: 'Thank you from the bottom of my heart to all those of you who have shown me compassion and love and understanding. 'I will never, ever forget your kindness - every single one of you.' Alice previously claimed that her ex was living in comfort in a $5,500 a month apartment with a home gym while she and their two children cannot afford 'basic necessities'. She claimed she would be on the streets by June 1st because she cannot pay her rent and all the shelters in Los Angeles are full. She accused Ioan, 51, who married his second wife Bianca Wallace last month, of 'intentionally' turning down acting gigs to keep his income low during their split and avoid having to pay her more. Meanwhile, in February this year, Alice revealed she's being evicted from her LA home after being 'unable to pay her rent'. The actress wrote on Instagram that she and her daughters have 'no way of renting even the cheapest room in the city' after being beset by financial woes amid her bitter court battle with ex-husband Ioan. Sharing a sweet throwback snap with her two daughters, Alice shared that she is like many others in Los Angeles trying to find a new place to live after the city was devastated by fires in January. The bombshell legal filing at a court in Los Angeles comes after Ioan accused Alice of using cocaine in front of their two daughters - and even offering the girls the drug. Meanwhile Ioan and his wife Bianca put on a very smitten display while attending the 32nd Annual Race To Erase MS Gala in Los Angeles last week. The Fantastic Four actor, 51, and Aussie actress Bianca, 32, packed on the PDA on the star-studded red-carpet - just a month after happily tying the knot. The couple took to their respective Instagrams on Friday to share a grainy video of the them tying the knot in a romantic ceremony, captioning their posts: 'Mr & Mrs Gruffudd' Last month, the couple took to their respective Instagrams to share a video of them tying the knot in a romantic ceremony, captioning their posts: 'Mr & Mrs Gruffudd. Marriage now, wedding later.' The marriage comes two years after the Welsh actor's bitter divorce from ex Alice with whom he shares two daughters. Ioan and Alice Evans divorced in July 2023. However, they are still battling fiercely over spousal support and custody and financial support for their two daughters Ella, 15, and Elsie, 11. At the September 9 court hearing, Judge Josh Freeman Stinn signed off on a stipulated agreement in which Ioan pays $3,000 a month temporary child support and $1,500 a month temporary spousal support until another February 13 hearing where a more permanent support arrangement will be forged. Ioan planned to call his then fiancée Bianca as a witness at the February hearing to testify that his ex wife 'stalked, harassed and abused' her, repeatedly violating a three-year domestic violence restraining order (DVRO) which she and Ioan took out in August 2022, after enduring a 'smear campaign' of hateful text messages, emails and social media posts from her. Ioan claims that Alice 'engaged in a pattern of damaging and defamatory conduct against me, aimed at intimidating and harassing me and my fiancé, Bianca Wallace, while alienating our two young children from me.' Ioan – whose latest movie, Bad Boys: Ride or Die has grossed more than $403 million worldwide – has fought Evans' demands for more money, claiming he's paid some $400,000 more in spousal support that he needed to under their pre-marital agreement. In earlier court papers, he called her claims of poverty 'exaggerated' and said it's a 'false narrative' that she and the children have been left destitute. The former couple met on the set of the movie 102 Dalmatians more than 20 years ago. They fell in love in real life and were married in Mexico in 2007. Ioan filed for divorce in March 2021, shortly after Alice announced on social media that her husband of 14 years was walking out on her and their two daughters.
South China Morning Post
29-05-2025
- Business
- South China Morning Post
Time for Hong Kong to step up as a restructuring and insolvency hub
When people talk about Hong Kong as an international financial centre, what immediately comes to mind are its vibrant capital market, its efficient banking system, the ease and economy of incorporating and operating companies here, and the robust and transparent legal system that supports them. But what is less commonly known is that Hong Kong is also a well-known international restructuring and insolvency hub. Restructuring and insolvency (R&I) refer to the situation in which a company and its business run into financial difficulty, with the company and its creditors (for example, banks, private credit providers and bondholders) first trying to restructure the company's debts to give it an opportunity to turn its business around. If that fails, the company is put into insolvent liquidation under court supervision for creditor protection. R&I mechanisms thus seek to help the company find a way out of its financial troubles and give it an opportunity to turn around and, hopefully, prosper again. A company may run into difficulties for reasons unrelated to how it organises or runs its business. More often than not – especially in recent years – those difficulties may be due to external factors beyond the control of a company's operators. R&I activities therefore serve an important function in facilitating the continuation of viable businesses for the benefit of stakeholders. When avenues have been exhausted and nothing works, the responsible thing would be to put an end to the company. It would then be subject to a statutory scheme managed by court-appointed officers under court supervision to secure the assets left, and to ensure the orderly distribution of those assets to protect creditors. The uniqueness of Hong Kong is not that it provides R&I services, but that it specialises in offering them across borders.
Daily Mail
22-05-2025
- Entertainment
- Daily Mail
Alice Evans reveals she is 'so embarrassed' as she raises over $16k on her GoFundMe after reaching 'lowest point' and enlisting followers help amid financial troubles
Alice Evans has admitted she is 'so embarrassed' after turning to her fans to help her support her children amid financial troubles. The actress, 56, claimed in court documents earlier this month that she would be homeless in three weeks because her financial situation is so 'dire' following her divorce from Ioan Gruffudd. Taking to Go Fund Me, the star created her own Divorce fundraisers and has already raised an incredible $16,927 from generous fans after admitting 'I cannot explain how low things got'. Confessing she felt shame in turning to the public for help she penned: 'I'm so embarrassed about this. If you're here you know my story. 'You know how much I struggle to keep my two girls healthy and happy and a roof over their heads. From A-list scandals and red carpet mishaps to exclusive pictures and viral moments, subscribe to the Daily Mail's new Showbiz newsletter to stay in the loop. Taking to Go Fund Me, the star created her own Divorce fundraisers and has already raised an incredible $16,927 from generous fans after admitting 'I cannot explain how low things got' 'You know what I've been through. It never ends. I'm just getting squeezed in every which way and smeared in the media so that nobody even wants to employ me.' And now the star has provided an update after raising almost $17,000, out of a $25,000 goal, as she revealed the family are now able to move her furniture into storage next week. She wrote: 'Quick update. The donations have allowed us to afford a moving truck and a persons to help us move all our furniture into storage next Saturday. 'This is amazing because my main worry was having to abandon it here. Looking for temp accommodation after that and will keep you posted. 'I am so incredibly grateful and humbled by your generosity. I cannot explain how low things got last Wednesday when I reached out. I am unbelievably appreciative and forever indebted to you all. Thank you.' Alice had previously explained she was struggling to cover the moving costs. She told fans: 'I need help getting the girls and I to our next place. Moving costs and deposit. We have found such lovely little places - tiny, but they felt like home. We don't need much. 'I am selling most of my stuff and have jobs lined up to keep us on our feet. We just need that extra bit to get us over the finish line. To be able to present a cash payment upfront that will get us in the door.' She previously explained to fans: 'I need help getting the girls and I to our next place. Moving costs and deposit. We have found such lovely little places - tiny, but they felt like home' Expressing her gratitude she added: 'Thank you from the bottom of my heart to all those of you who have shown me compassion and love and understanding. 'I will never, ever forget your kindness - every single one of you.' Alice previously claimed that her ex was living in comfort in a $5,500 a month apartment with a home gym while she and their two children cannot afford 'basic necessities'. She claimed she would be on the streets by June 1st because she cannot pay her rent and all the shelters in Los Angeles are full. She accused Ioan, 51, who married his second wife Bianca Wallace last month, of 'intentionally' turning down acting gigs to keep his income low during their split and avoid having to pay her more. Meanwhile, in February this year, Alice revealed she's being evicted from her LA home after being 'unable to pay her rent'. The actress wrote on Instagram that she and her daughters have 'no way of renting even the cheapest room in the city' after being beset by financial woes amid her bitter court battle with ex-husband Ioan. Sharing a sweet throwback snap with her two daughters, Alice shared that she is like many others in Los Angeles trying to find a new place to live after the city was devastated by fires in January. The bombshell legal filing at a court in Los Angeles comes after Ioan accused Alice of using cocaine in front of their two daughters - and even offering the girls the drug. Meanwhile Ioan and his wife Bianca put on a very smitten display while attending the 32nd Annual Race To Erase MS Gala in Los Angeles last week. The Fantastic Four actor, 51, and Aussie actress Bianca, 32, packed on the PDA on the star-studded red-carpet - just a month after happily tying the knot. The couple took to their respective Instagrams on Friday to share a grainy video of the them tying the knot in a romantic ceremony, captioning their posts: 'Mr & Mrs Gruffudd' Last month, the couple took to their respective Instagrams to share a video of them tying the knot in a romantic ceremony, captioning their posts: 'Mr & Mrs Gruffudd. Marriage now, wedding later.' The marriage comes two years after the Welsh actor's bitter divorce from ex Alice with whom he shares two daughters. Ioan and Alice Evans divorced in July 2023. However, they are still battling fiercely over spousal support and custody and financial support for their two daughters Ella, 15, and Elsie, 11. At the September 9 court hearing, Judge Josh Freeman Stinn signed off on a stipulated agreement in which Ioan pays $3,000 a month temporary child support and $1,500 a month temporary spousal support until another February 13 hearing where a more permanent support arrangement will be forged. Ioan planned to call his then fiancée Bianca as a witness at the February hearing to testify that his ex wife 'stalked, harassed and abused' her, repeatedly violating a three-year domestic violence restraining order (DVRO) which she and Ioan took out in August 2022, after enduring a 'smear campaign' of hateful text messages, emails and social media posts from her. Ioan claims that Alice 'engaged in a pattern of damaging and defamatory conduct against me, aimed at intimidating and harassing me and my fiancé, Bianca Wallace, while alienating our two young children from me.' Ioan – whose latest movie, Bad Boys: Ride or Die has grossed more than $403 million worldwide – has fought Evans' demands for more money, claiming he's paid some $400,000 more in spousal support that he needed to under their pre-marital agreement. In earlier court papers, he called her claims of poverty 'exaggerated' and said it's a 'false narrative' that she and the children have been left destitute. The former couple met on the set of the movie 102 Dalmatians more than 20 years ago. They fell in love in real life and were married in Mexico in 2007. Ioan filed for divorce in March 2021, shortly after Alice announced on social media that her husband of 14 years was walking out on her and their two daughters.
Japan Times
19-05-2025
- Business
- Japan Times
Hair removal chain Musee Platinum owes ¥1.5 billion, say former staff
Amid serious financial troubles at major hair removal clinic franchise Musee Platinum, former employees have taken the rare step of filing for the company's bankruptcy due to unpaid wages — a case that could become one of the biggest bankruptcies of the year. Ten people, including former employees of MPH — the company that operated 167 clinics nationwide — filed for bankruptcy with the Tokyo District Court on Friday, according to business research firm Teikoku Databank. The company reportedly has debts totaling ¥30 billion ($207 million). In fiscal 2024, only five other bankruptcies exceeded that amount, and if similar numbers are seen this year, this would rank among the largest, the firm said. Facing financial difficulties, the company had been unable to pay some employees and business partners since last November. In March, it temporarily shut down all of its clinics nationwide after it became unable to continue offering services. More than 2,000 former employees of the company went unpaid between January and April, with total wages during that time estimated at around ¥1.5 billion. 'Not only me, but over 2,000 employees nationwide are in dire straits and spending their days in a difficult situation — this matter should not be left unattended,' one of the former employees who filed the petition said at a news conference on Friday. 'We were in an environment where employees could not concentrate on serving customers whenever we were told repeatedly, 'We will definitely pay you (your salary),'" added another plaintiff. 'I cannot forget how the (company) president just simply dismissed us at the end, saying, 'We can't pay your salaries, so you're fired,' to the people who had worked so hard to serve the customers until the very end.' However, company president Hideki Takahashi remains hopeful about continuing the business, stating in a YouTube video published Friday that he has 'no intentions to file for company bankruptcy of his own will.' To address customers who had prepaid for hair removal plans but were unable to receive treatment after the clinic closures, the company launched a new service in April called 'Dokodemo Musee,' or 'Musee Wherever.' Takahashi said he believes this new system could help revive the business. Under the new service, the company says it is outsourcing treatments to unaffiliated businesses, allowing customers to receive the same services at around 280 locations nationwide. The hair removal franchise, operating since 2003, has continued to struggle financially due to the impact of the COVID-19 pandemic and failed attempts to diversify its business. Despite efforts to rebuild the company since around 2015, the franchise was passed between various shareholders — none of whom were able to improve its financial situation. Dubious business practices among hair removal clinics have become a growing issue in the industry. According to Teikoku Databank, 2024 saw a record number of bankruptcies in the sector, with 18 clinics going out of business. The same report found that in the 2023 business year, which ended in April 2024, more than 40% of hair removal companies were operating at a loss. The poor performance is believed to stem from the high cost of operations — including the impact of a weak yen on imported equipment and rising storefront rents — combined with a declining customer base. Last year, Aletheia Clinic — one of Japan's largest hair removal franchises — went bankrupt, marking the biggest collapse ever recorded in the country's beauty industry.
Auto Blog
18-05-2025
- Automotive
- Auto Blog
Nissan's Planned Battery Plant is Officially Cancelled
Nissan isn't in a strong financial position by any means, and now the automaker has pulled the plug on another major investment. Another blow to Nissan's future If you've been glancing at the hottest stories in the automotive world, odds are you already know that Nissan is in deep trouble. The Japanese automaker saw its revenue tank last year, leading to financial issues that could be the end of the marque if no solution is found. Nissan's latest ordeal could affect its all-electric lineup and presence in markets around the globe. The Japanese automaker recently scrapped plans for a new battery factory in Japan, throwing yet another wrench into its plans to get back on track. 0:01 / 0:09 Audi A5 replaces A4: So, what's changed? Watch More 2025 Nissan Global Product and Technology Showcase — Source: Nissan Nissan's struggles continue Nissan had received government certification for its new Japanese lithium-ion-phosphate (LFP) battery factory back in September, and once the battery plant was up and running, Nissan's EV battery costs were expected to fall by up to 30%. The research, development, and mass production of LFP batteries at the factory were supposed to help Nissan EVs remain competitive with other manufacturers, like BYD, but those plans have now been scrapped. 'Nissan will adopt LFP batteries to meet the diverse needs of customers and to provide more affordable electric vehicles. The batteries, to be developed and mass-produced in Japan, will be installed in electric minivehicles starting in fiscal year 2028,' said Makoto Uchida, Nissan's former president and CEO, prior to the cancellation. 2025 Nissan LEAF — Source: Nissan Nissan's cancelled production facility would have been part of a $1 billion investment. The automaker was also scheduled to receive up to $384 million from the Japanese government to aid in establishing a domestic supply chain. Prior to cancelling construction of its battery factory in Japan, Nissan also closed its facility in Wuhan, China. 2025 Nissan Global Product and Technology Showcase – Keynote address with Guillaume Cartier — Source: Nissan Autoblog Newsletter Autoblog brings you car news; expert reviews and exciting pictures and video. Research and compare vehicles, too. Sign up or sign in with Google Facebook Microsoft Apple By signing up I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . You may unsubscribe from email communication at anytime. Both the closure and cancellation are a part of the automaker's examination and streamlining of its global operations. Like most other automakers, Nissan is facing falling sales in China and posted a net loss of $4.5 billion in its last fiscal year. Overall, the manufacturer plans to cut costs by $1.7 billion to return to profitability by fiscal year 2026. In order to cut costs, Nissan plans to cut 20,000 jobs by fiscal year 2027, up from the 9,000 jobs the company previously announced. They also plan to close seven production facilities over the next two years, bringing its remaining plants down from 17 to 10. Nissan's primary concern is the United States and North America as a whole. The Japanese automaker's lineup is missing vehicles in key segments, and much of its range needs updates. Nissan plans to fix that with nearly a dozen new or refreshed vehicles across its mass-market and premium brands. The next-generation Nissan Leaf will join the Ariya in the brand's growing EV lineup, making the jump from a lackluster hatchback to a glowing crossover. Now entering its third generation, the Leaf rides on the same architecture as the Ariya, a change that results in improved performance and range. 2025 Nissan Ariya — Source: Nissan The Leaf is just the beginning of Nissan's plans for its United States lineup. The Japanese automaker will also launch the Rogue PHEV, the first plug-in hybrid for the brand, while the Pathfinder and Infiniti QX60 will receive refreshed styling inside and out. Third-generation Nissan Leaf — Source: Nissan The compact sedan segment isn't exactly booming, with fewer nameplates returning to the market with each passing year, but Nissan isn't giving up on it. The manufacturer plans to introduce the next-generation Sentra later this year but cut the Versa, one of the few remaining subcompact cars, from its lineup at the end of 2025. The Altima could be on the chopping block in 2026 as well, but there's no confirmation on that just yet. 2025 Nissan Sentra — Source: Nissan Final thoughts Nissan's financial troubles can't be understated, but with a recent change in leadership and a plan to cut costs, they're on the right track. The Japanese automaker seems ready to make a run at the United States market with refreshed and redesigned models that can compete with market leaders. That may not be enough to get Nissan out of the woods, though, as Chinese automakers are disrupting their home market and moving abroad at a rapid pace. Time isn't exactly on Nissan's side.
