Andrew Tate, president of insolvency and restructuring trade body R3, and a partner and head of restructuring at Kreston Reeves, examines the governments proposed changes to the UKs insolvency and restructuring framework, and highlights the professions concerns. The UKs framework for insolvency and restructuring is one of the most effective in the world. Our insolvency…
Related Story: Workers owed $1.6M after Bendigo Hospital contractor’s collapse Property owners say they feel betrayed and have lost thousands of dollars after Victorian building company Watersun Homes was placed into voluntary administration. Rodgers Reidy in Melbourne was appointed as administrator for Watersun Homes on Tuesday and said the company did…
The number of people with mortgage debt they are unable to repay who chose bankruptcy doubled to 100 last year. Banks lost two-thirds of the mortgage debt in these cases, as they are forced to write off most of the money they are owed. New figures compiled by Waterford-based personal insolvency practitioner Mitchell O’Brien show…
A home building company that at one stage sponsored the St Kilda Football team, Watersun Homes, has gone into administration with the loss of 90 jobs. The residential builder was working on about 300 homes in metro Melbourne and regional Victoria when it was voluntarily placed in administration on Tuesday. Watersun Homes was working on about…
Watersun Homes enters administration exit UPDATE, 4pm: Insufficient funds have been cited as the reason for Watersun Homes entering into voluntary administration. Ninety full time jobs will be lost as a result of the administration process. All staff were informed today, according to a statement. Administrators are expected to contact property owners who have contracted the…
K.T. Jagannathan February 28, 2017 00:00 IST Updated: February 28, 2017 03:55 IST “; var device = “”; for ( var type in WFClientTypeDef) { if (window.matchMedia(WFClientTypeDef[type]).matches) { switch (type) { case “xlarge”: device = ‘desktop’; break; case “large”: device = ‘desktop’; break; case “medium”: device = ‘tab’; break; case “small”: device = ‘mobile’; break;…
Andrew McTear, partner at McTear, Williams & Wood. Picture: DENISE BRADLEY Archant A firm of East Anglian insolvency specialists is helping companies diagnose problems earlier after launching one of the UKs most comprehensive business health checks. … Read the full article at: http://www.edp24.co.uk/business/insolvency_specialists_offer_companies_a_free_check_up_1_4908410
WATERSUN Homes, which has a display site in Moama, has gone into voluntary administration today. Its Moama phone number was not answering and the companys website appears to have been taken down. Neil Mclean and Mathew Gollant of Rodgers Reidy Melbourne have been appointed as joint administrators of Watersun Homes (WSH Group P/L). The company…
The superannuation industry wants the government to cover any outstanding entitlements when a company goes broke but bureaucrats warn it is a bad idea that will cost $800 million over the next four years. Super funds have called for an expanded taxpayer-funded safety net as part of a Senate inquiry into non-payment of the 9.5 per…