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Daily Archives: May 8, 2018

Suspended building company now in liquidation – Mackay Daily Mercury

LiquidationBy Insolvency GuardianMay 8, 2018

>>RELATED: 23 building sites across Toowoomba at standstill >>REFUSED: QCAT refuses stay of licence suspension A CONSTRUCTION company in charge of 23 sites across Toowoomba when its building licence and that of its director was suspended in late 2017 is now in liquidation. My Home Builders Qld Pty Ltd was hit with an application for…

Victim of ‘bankrupt’ paedophile faces losing £400000 – The Times

BankruptcyBy Insolvency GuardianMay 8, 2018

The victim of a convicted paedophile has spoken out about a legal loophole through which he could lose almost £400,000 in compensation after his abuser made himself bankrupt. David Glass, 59, was jailed for five years in January for sexually assaulting three boys after befriending their parents and winning their trust. A court ordered Glass,…

MoviePass parent drops 31% on looming cash crunch – TechCrunch

BankruptcyBy Insolvency GuardianMay 8, 2018

The big question in the media world today is whether MoviePass parent company Helios and Matheson can stanch the bleeding of its cash flows before it becomes insolvent. In a new filing today with the SEC, Helios informed investors that it had $15.5 million in available cash, with another $27.9 million in accounts receivable from…

Man arrested three times at the Conway Golf Club wants to intervene in the club’s litigation – Myhorrynews

BankruptcyBy Insolvency GuardianMay 8, 2018

A Conway man, arrested three times in one week on the Conway Golf Clubs property, has filed a motion asking that his attorney be allowed to intervene on his behalf in the legal proceedings surrounding the possible sale of the property. Christopher Ross, 53, says in his motion that he cant properly represent himself because…

Argentina seeks $US30b IMF financing to address peso volatility – The Australian Financial Review

Debt HelpBy Insolvency GuardianMay 8, 2018

by Pablo Gonzalez Argentina asked the International Monetary Fund for financing to help stem a five-month-rout in the peso that is sparking a surge in interest rates and threatening to derail the country’s economic recovery. “This will allow us to face the new global scenario and avoid a crisis like the ones we have faced…

NCLT admits Union Bank of India’s insolvency plea against Era Infra – Livemint

LiquidationBy Insolvency GuardianMay 8, 2018

Photo: Mint New Delhi: The National Company Law Tribunal (NCLT) principal bench on Tuesday admitted Union Bank of Indias (UBIs) plea seeking initiation of insolvency proceedings against Era Infra Engineering Ltd for recovery of Rs681.04 crore, along with an overdue external commercial borrowing of $11.97 million. The order on admission of the plea was reserved…

Franchisees gagged as Red Rooster, Oporto enter damage control – The Sydney Morning Herald

LiquidationBy Insolvency GuardianMay 8, 2018

Franchisees gagged Steve Beadle’s Red Rooster franchise in the Melbourne suburb of Lyndhurst went into liquidation three months ago and Beadle says he was “effectively a slave” working for free for seven years and ending up $500,000 in debt. But Beadle says most current and former franchisees can’t reveal their struggles with Craveable as they…

Rome: Public bus catches fire near Trevi Fountain – Deutsche Welle

BankruptcyBy Insolvency GuardianMay 8, 2018

An electrical short circuit was apparently responsible for sending a public bus up in flames on Tuesday in Rome. Initially people thought it was a terrorist attack. Residents and tourists watched the bus turn into a blazing inferno in the heart of Rome’s historic center. No one was seriously injured.  The incident happened shortly after…

Budget 2018: Tax relief for workers, refugees wait longer for welfare – SBS

Debt HelpBy Insolvency GuardianMay 8, 2018

Millions of lower and middle-income workers will get immediate tax relief and some an extra $530 a year under measures announced in the Federal Budget. But the wait for welfare and job search help for migrants and refugees will get longer under government plans to reduce the nations social services debt. And the government will…

Mentiis the Mortgage Bot can help you get a home loan from LJ Hooker sort of – finder.com.au

BankruptcyBy Insolvency GuardianMay 8, 2018

Meet Mentiis, a friendly chatbot who really wants to help you get a mortgage but just can’t close the deal. Automated chatbots are increasingly common in online commerce, but in the mortgage industry, you’re almost certain to be speaking to a human sales rep even in an online chat. Bot technology is still fairly rudimentary,…

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