GOING THROUGH THE BOOKS: Jirsch Sutherland supervisor Hayden Asper leaving Urth Energy’s Wickham offices yesterday with boxes of documents. The solar-focused power retailer has shut its doors, for the time being at least. A WICKHAM-based power retailer, Urth Energy, has gone into voluntary administration, putting more than 20 people out of work and stranding an…
Former One Nation senator Rod Culleton has lost his appeal over being declared bankrupt, capping off a bad day after the High Court earlier ruled he was ineligible to run for parliament in the first place. Mr Culleton was deemed bankrupt in December after he refused to comply with a 2013 WA District Court order…
CRANBROOK, B.C. A woman on trial for pushing her husband to kill himself denied the allegations in a Cranbrook, B.C., court while admitting to having marriage troubles. Terri Reimer is accused of counselling her husband, Bill Reimer, to commit suicide as well as administering a noxious substance with the intent to endanger. He survived and is expected to be one of several witnesses the Crown will call to testify. Provincial court…
SINGAPORE: Ezra Holdings Ltd., an indebted Singapore-based provider of offshore oil services, said its working with advisers on restructuring and that it could be faced with a going concern issue if its revamp isnt favorably completed. In light of the severe and protracted downturn in the global oil and gas industry, the group will continue…
NEW DELHI: Drug firm Strides Shasun reported an over three fold jump in its consolidated net profit to Rs 187.32 crore for the quarter ended December 31, 2016 as the company today unveiled major restructuring plans. The company had posted a net profit after taxes and minority interest and share of loss of associates and…
Australian military leaders are looking to draw on their strong ties with the new US Defence Secretary to help guide the longstanding ANZUS alliance through the uncertain Trump era. Senior Defence figures have described General Mattis as a “sensible” and “sane” figure in the new US administration with a deep affection for Australia, who…
An overwhelming majority of industry experts believe the UK’s decision to leave the EU will lead to a rise in corporate insolvencies over the next year, according to a new study. A member survey by R3 of insolvency and restructuring firms also shows that 55 per cent believe their finances “have been hurt” since last…
2017-02-03T11:09+02:00 11:09 03.02.2017 Almost 80% of the cost of assets of banks under liquidation exist only in paper, according to reports of independent appraisers, the Individuals Deposit Guarantee Fund has reported. “Assets of 70 banks under liquidation, where the revision of the assets that can be sold is finished, were appraised by independent experts at…
Former One Nation senator Rod Culleton has lost his appeal over being declared bankrupt, capping off a bad day after the High Court earlier ruled he was ineligible to run for parliament in the first place. Mr Culleton was deemed bankrupt in December after he refused to comply with a 2013 WA District Court order…
BUNDABERG residents continue to struggle to pay off their debts as new figures reveal the number of locals falling into financial despair. The number of people who became insolvent between October and December last year dropped to 42, down from 44 in the September quarter. The Australian Financial Security Authority data shows the total number…