Harvest Homes liquidator to quiz fraudster Oliver Roths in court over corporate collapse that cost creditors millions – Newcastle Herald

Liquidation

newsletters, editors-pick-list, Oliver Roths, Oliver Banovec, Oliver Roths Oliver Banovec, Harvest Homes, Oliver Roth fraud, Oliver Banovec fraud, Oliver Roths harvest homes, Harvest homes liquidation A JAILED fraudster who swindled an investor out of $500,000 will face a public examination in the Federal Court to explain his involvement in the failed Newcastle building company Harvest…

Student travel agency STA Travel files for insolvency as COVID-19 pandemic claims latest victim – The West Australian

Bankruptcy

Student travel agency STA Travel has filed for insolvency, becoming the latest tourism business to fall victim to the global COVID-19 pandemic. The iconic youth-focused travel advisor chain went into external administration on Thursday, with Consumer Protection today issuing advice for customers who were still owed money by STA Travel. At its height STA Travel,…

How can we tackle global debt and climate change together? – World Economic Forum

Debt Help

Many developing countries face huge debts from the COVID-19 pandemic. Market analysts now suggest that almost 40% of emerging- and frontier-market sovereign external debt could be at risk of default in the next year. An IMF endorsed ‘debt for nature swaps’ initiative could help countries tackle debt and improve sustainability together. A global debt crisis…

Anil Ambani to challenge personal insolvency proceedings in NCLAT – Business Today

Bankruptcy

Anil Ambani will approach National Company Law Appellate Tribunal (NCLAT) against an order by the Mumbai bench of National Company Law Tribunal (NCLT) allowing bankruptcy proceedings against him. A spokesperson on Ambani’s behalf assured that the NCLT order will have no bearing on the operations of companies under the Reliance Group – Reliance Infrastructure, Reliance…

Debt firm worker stole £380,000 to feed gambling addiction after bookmakers offered him free bets – Daily Mail

Gambling

Debt firm worker stole 380,000 from his employers to feed gambling addiction after bookmakers offered him free bets and hospitality at Cheltenham races Glyn Rothwell, 36,stole money from debt management firm Harrington Brooks He used unwitting colleagues to ‘approve’ payments which went to his account Inquiries revealed 343 fraudulent transactions occurred between 2015 and 2019…

Crystal: Genting HK is not going out of business – Seatrade Cruise News

Restructuring

Crystal issued a statement late Thursday to calm fears about its viability as parent Genting Hong Kong pursues a restructuring. ‘Committed to honoring contractual obligations’ ‘It is important to understand that the company is not going out of business,’ the statement said. ‘Whatever option our parent company pursues, it will allow Crystal to operate its…

Bondholders’ rival bid for Virgin crash lands – afr.com

Liquidation

“While we maintain that our recapitalisation plan represents a superior outcome for Virgin Australia and its stakeholders, we acknowledge the Federal Court’s decision. We are undoubtedly disappointed,” the spokesman said. “Australia deserves a strong second airline, and we genuinely believe our recapitalisation proposal is the best long-term option for Virgin Australia and its stakeholders. It…