Vehicle training company collapses, leaving workers and students in lurch – Bendigo Advertiser

Vehicle training company collapses, leaving workers and students in lurch Journey Management Group’s Bendigo Skills Training Centre on Monday morning. Picture: NONI HYETT Journey Management Group’s Bendigo Skills Training Centre on Monday morning. Picture: NONI HYETT Journey Management Group’s Bendigo Skills Training Centre on Monday morning. Picture: NONI HYETT Journey Management Group’s Bendigo Skills Training…

DNA MONEY EXCLUSIVE: Competition Commission approval may be needed for buying rival company under IBC – Daily News & Analysis

A company bidding for a stressed asset in the same sector in which it is operating will now have to get the Competition Commission of India’s (CCI’s) approval ahead of finalisation of bids during insolvency process, sources said. This is a part of the latest round of amendments proposed by the government in the Insolvency…

Rising cost of phoenixing delivers $5 billion economic hit, Kelly O’Dwyer says – The Australian Financial Review

Phoenixing is costing the economy as much as $5 billion a year through unpaid wages, invoices and tax bills, a new report claims, as the Turnbull government intensifies its crackdown on dodgy company directors. The government’s Phoenix taskforce conducted about 340 reviews and audits in 2017-18, raising more than $270 million in tax liabilities and collecting…

REVEALED: Estranged husband of the New York socialite who fell down 27-story garbage chute to her death went … – Daily Mail

REVEALED: Estranged husband of the New York socialite who fell down 27-story garbage chute to her death went bankrupt after ‘running multi-million dollar Ponzi scheme’ the same year they filed for divorce The husband of the New York City socialite who was found dead in her luxury building’s trash compactor was accused of running a…

One in four UK companies insolvent in last six months due to customer insolvency problems – Business MattersBusiness Matters

Over a quarter of UK companies have suffered a hit to their finances following the insolvency of a customer, supplier or debtor in the last six months, according to new research. The research found the financial impact of the insolvency of another business was described as very negative by one in ten UK companies,…