Just a week after spruiking a $1.3 million cash splash, the Moree Artesian Aquatic Centre has gone into liquidation. The notice of liquidation was published on the ASIC site on Thursday, the same day the Moree Plains Shire Council received a confidential “legal update” during closed council at their extraordinary meeting. The information on the…
For years, student advocates and some higher-education leaders have worried about the ways in which even small debts that students owe to their schools can hold them back from continuing college and completing their degree. Over the past few months, its become clear that some schools needed to mitigate this problem was something simple: More…
The Insolvency Service has revealed that company insolvencies across England and Wales climbed 31% quarter-by-quarter to 3,116 in Q2 FY21. The cases, which represented a 4% year-on-year climb, were made 90% of CVLs, 5% of administrations, 3% of liquidations, and 1% of CVAs. Related Articles England and Wales company liquidation rate for the year ended…
Clontarf is one of the most salubrious suburbs on the northern beaches but in the 1950s it was home to a shyster whose photograph was plastered across the front page of every major Sydney newspaper. Clontarf is one of the most salubrious suburbs on the northern beaches but in the 1950s it was home to…
A Kiatnakin Phatra Bank logo on display. KKP expects its non-performing loan ratio to increase to a maximum of 4% at the end of this year after reaching 3.4% in June.Patipat Janthong Kiatnakin Phatra Financial Group (KKP), a holding company of Kiatnakin Bank, expects a large number of customers to request financial assistance due to…
Insolvency numbers are on the rise in Sydney and Melbourne, and one expert has pointed to the potential ‘tsunami’ in the next six months. The Australian Financial Security Authority (AFSA) has released its regional insolvency statistics for the June quarter, which revealed slight increases in insolvency numbers across Sydney and Melbourne. Personal insolvencies increased by…
Tamworth charity One of a Kind Community Support faces allegations it traded insolvent and that managers misspent thousands of dollars before the organisation went into administration in 2019, according to the report of a voluntary administrator published this week. The 49-year-old charity was forced to sell almost all its assets, including several buildings it owned,…
Vijay Mallya declared bankrupt by London court The week brought bad news for the King of Good Times, Vijay Mallya, as the Insolvency and Companies Court of the London High Court declared the former liquor baron of India, fugitive from Indian law, bankrupt. The verdict delivered by Chief Insolvency and Companies Court (ICC) judge Briggs…