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Daily Archives: May 12, 2019

Department chased tradie for two years over bankruptcy claim – Observer

BankruptcyBy Insolvency GuardianMay 12, 2019

A FEDERAL agency chased a Gladstone man for nearly two years to fill out a form a magistrate said would take just five minutes. Former business owner Michael Rodney Stark pleaded guilty in Gladstone Magistrates Court last week to one count of fail to make out and file statement of affairs and furnish a copy…

Admedus divesting non-core business; to focus on ADAPT product portfolio – Proactive Investors Australia

RestructuringBy Insolvency GuardianMay 12, 2019

() has entered into an agreement to sell part of its Infusion business to a subsidiary of BTC Health Ltd () for $6.3 million. This will complete the first phase of the Infusion business divestiture. Completion of the sale is subject to certain conditions being satisfied with the sale expected to complete in…

Universal debt relief scheme on cards for small borrowers – Economic Times

LiquidationBy Insolvency GuardianMay 12, 2019

NEW DELHI: India has begun work on a universal debt relief scheme for small borrowers aimed at micro enterprises, small farmers and artisans, which should be ready for implementation when the next government is in place. Individuals below a specified income and asset threshold will be eligible for debt relief. People with annual income of…

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