Arrium’s creditors have waved through a plan to sell the troubled company’s steel and mining assets after its administrators signed a $1.6 billion deal to sell the Moly-Cop grinding media business. Moly-Cop – the world’s largest supplier of grinding media used in mining and construction – will be acquired by US private equity firm American…
06:00 04 November 2016 Duncan Brodie Frank Brumby, eastern region chairman of R3. Archant A growing number of unregulated and unlicensed advisers are targeting financially-distressed businesses, the regional regional brand on insolvency trade body R3 has warned. … Read the full article at: http://www.ipswichstar.co.uk/news/r3_eastern_warns_hard_pressed_firms_to_avoid_unregulated_and_unlicensed_advisers_1_4762041
The two men found guilty of Australia’s biggest art fraud case involving fake Brett Whiteley paintings which sold for for $3.6 million have been jailed, but a Supreme Court judge granted the pair a stay on their sentences after admitting he was troubled by a jury’s verdict. Justice Michael Croucher on Friday said there was a…
Related Story: Arrium shareholders fight against company’s sale The administrators of Arrium, Korda Mentha, say there are less than five possible bidders for the steelmaker and iron ore miner. Korda Mentha said a handful of local and overseas firms have been shortlisted to buy Arrium with the sale hoped to be…
More than 150 unsecured creditors of former senator Bob Day’s failed building company in South Australia will not be paid the money they are owed . These 157 unsecured creditors are owed a total of $4.9 million by Homestead Homes and include tradesmen and subcontractors as well as customers who have paid deposits to build…
Kevin Schembri Orland Friday, 4 November 2016, 07:37 Last update: about 19 minutes ago Vitals Global Healthcare Director Ram Tumuluri has told The Malta Independent: I have never had a company that went bankrupt. Recently reports in the media said that a company previously run by…
More than 150 unsecured creditors of former senator Bob Day’s failed building company in South Australia will not be paid the millions of dollars they are owed. These 157 creditors are owed $4.9 million by Homestead Homes and they include subcontractors as well as customers who paid deposits on homes that remain unfinished. “It owes…
Rocco Arico accused of being “puppeteer” in drug, extortion trial exit Accused drug trafficker Rocco Arico has been branded the “puppeteer” behind a scheme to recover an alleged $100,000 drug debt following a string of threats and attacks staged against a former friend and associate. The prosecution’s claim was put to Mr Arico after he…
Failed fertiliser supplier Superfert Dongbu has entered liquidation, 18 months after it had been put into voluntary administration. Business News reported last year that farmers and other unsecured creditors could expect 7 cents in the dollar in a deed of company arrangement in which the major secured creditor, Korean company Dongbu Farm Hannong, agreed to allow…
More than 150 unsecured creditors of former senator Bob Day’s failed building company in South Australia will not be paid the millions of dollars they are owed. These 157 creditors are owed $4.9 million by Homestead Homes and they include subcontractors as well as customers who paid deposits on homes that remain unfinished. “It owes…