Credit: Mikael Seegen via Unsplash Staff noticed what they now describe as “red flags” at No Standing before the digital marketing agency went into voluntary liquidation. “I was always paid late … I’d be shocked if my superannuation ever turns up,” an insider who did not want to be named told AdNews. “There’s an extreme…
A 16-year-old Melbourne boy was able to gamble nearly $100,000, including at suburban pubs, despite his mother desperately seeking help, a court has heard. The Melbourne magistrates court heard that when his mother discovered his gambling habits, she began a frantic mission to get him help, only to be repeatedly turned away. In April last…
The family has raised questions after a father of three went overboard from a cruise ship after losing $9,000 over two nights on the P&O Pacific Adventure. Shane Dixon, 50, first lost $5,000, then borrowed money off his mother and lost another $4,000. Dixons family maintained he was lured by high-roller incentives into losing the…
If you’re facing problems with credit card debt, there are solutions to consider, experts say. Getty Images With the costs rising for nearly everything due to high and persistent inflation, it’s no surprise that many Americans are turning to credit cards to help pay for essentials. But while this approach can help fill in the…
Getty Image Former Toronto Raptors forward Jontay Porter was banned from the NBA for life in April after he was found to have bet on NBA games, including those in which he plays. Why would Porter, the younger brother of Nuggets star Michael Porter Jr., risk his career in such a bold way? Well, Stefan…
The London-headquartered business – which is behind the dim-t and Wildwood restaurant chains – faced an uncertain future after persistent difficult trading conditions impacted its profitability. The business hired advisers from FRP to advise on the possibility of securinng a restructuring plan in the courts, a set of procedures and measures that were introduced as…
Business failures are on the rise in Britain, with several high-profile names lost already this year. But since the 1980s, the UK has made it a priority to throw a lifeline to struggling companies. It appears, however, that these efforts to enhance the law are being hampered by sloppy language in the media, increasing the…
Lord Sikka | Photo: UK Parliament Insolvency data is always closely analysed as a barometer of the commercial health of the nation. The figures for April show that after seasonal adjustment, the number of registered company insolvencies in England and Wales was 2,177, 18% higher than in the previous month. However, it is the length…
The Federal Court’s recent decision in Stone (Liquidator), in the matter of RIC Admin Pty Ltd (in liq) v Mandalinic (No 2) [2024] FCA 164 demonstrates the analysis the courts will undertake in determining a director’s personal liability for insolvent trading, even when the director does not appear for the hearing. The case reiterates how…
Model and TV presenter Katie Price has been declared bankrupt for the second time, a court heard today. Price was married to Australian singer Peter Andre between 2005 and 2009 and they have two children together. The UK glamour model, 45, who was not in court to hear her fate, has an unpaid tax bill…