Aussie Farmers Direct to close immediately following voluntary administration; 100 franchisees and 260 staff affected – SmartCompany.com.au

Grocery delivery service Aussie Farmers Direct will close immediately after falling into voluntary administration today, with administrators saying more than 100 franchisees and 260 staff will be affected by the collapse. The company launched in 2005 as a home delivery service for dairy and juice products across Victoria, before expanding to Queensland, New South Wales,…

‘I literally have nothing’: Man forced to sell $800000 home after Macca’s wipes out cleaning business – NEWS.com.au

MCDONALDS has taken Alex Batarseh to the cleaners. The young Sydney man is locked in a David and Goliath battle with the fast-food giant over the collapse of his cleaning business, which went into liquidation last year after his only client cancelled his contracts with less than 24 hours notice. The 29-year-old, whose mother passed…

Former Scotland ace Callum Davidson declared bankrupt after racking up £323000 in debts – The Scottish Sun

CASH WOES Maureen Leslie, of MLM Solutions, was appointed to take control of the former Leicester City defenderss assets and debts FORMER footie ace Callum Davidson has been declared bankrupt with debts of £323,000. The ex-Scotland star, 41, went bust owing the taxman after investing in a controversial movie production scheme. Callum Davidson has racked…

IndusInd Bank Invokes 6 Crore Pledged Shares Of Jaypee Infratech – BloombergQuint

IndusInd Bank Ltd. has invoked 6 crore pledged shares, which make up about 4.32 percent stake, of the crisis-hit Jaypee Infratech Ltd. These shares were held by Jaypee Infratechs promoter Jaiprakash Associates Ltd., which is the flagship company of debt-ridden Jaypee Group. The group is facing protest from homebuyers for significant delays in completing of…

REVEALED: Coast’s surprise new bankruptcy capital – The Sunshine Coast Daily

THE financial tables have turned in a dramatic way with more people going into insolvency in Noosa than Nambour, latest figures show. The Federal Government’s Australian Financial Security Authority has released the latest regional statistics for personal insolvency for the final months of 2017. Most regions saw a reduction in insolvencies in the December quarter…