ASIC has banned Joel James Hewish for 10 years from providing financial services, performing any function involved in carrying on of a financial services business and controlling an entity that carries on a financial services business. ASIC has also cancelled the Australian financial services (AFS) licence of Mr Hewish’s company, United Global Capital Pty Ltd…
Queensland’s treasurer has handed down a big-spending, pre-election budget, offering up $3.7 billion in new cost-of-living relief — unapologetically plunging the state into deficit. Fees and charges, including for drivers licences, will be frozen next financial year at a cost of $180 million, in the latest move announced by the government designed to assist Queenslanders.…
Highlights Eike Immel, former Man City goalkeeper, has declared bankruptcy and now lives off benefits in a council flat. Immel’s financial struggles began after spending heavily on bills and personal expenses during his football career. The German is one of many former footballers facing financial difficulties post-retirement, with 40% estimated to go bankrupt within five…
By Prosper Melomey, Bridgewater Advisors Limited Partner & Licensed Insolvency Practitioner This is a summarised article of that which was published in the Maiden Edition of the national insolvency journal, Corporate Insolvency and Restructuring Journal. Introduction The reality of corporate failure or demise is not much of a problem than the ability to predict or…
Bruno Mars recently entered the ninth year of his residency at Park MGM in Las Vegas, which he extended with 12 shows taking place throughout 2024. But if you believe a report from News Nation, part of the reason Mars’ residency has lasted for so long is because he’s accrued a sizable gambling debt at…
A growing number of larger technology companies are scrambling to restructure their operations to avoid insolvency, as stubbornly high labour costs and a tough capital-raising environment mean directors are flirting dangerously with insolvency, new data shows. Tim Klineberg of King & Wood Mallesons says Safe Harbour is a strategy for company owners to consider when…
By Wayne Robinson | 22 May 2024 Momento Pro, the multi-award winning, pioneering, Sydney-based photobook printing company, has gone into voluntary liquidation, some 20 years after it was founded. Best in the world: Geoff Hunt and Libby Jeffrey with the Bennys Established in 2004, Momento was the first personalised photobook company in Australia and New…
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Qwic bankruptcy also impacts VDL automatic frame production Bike Europe Read the original article here
Published on July 3, 2024 20-year-old online book retailer, Booktopia, which went public on the ASX in 2020, is on the brink of collapse. Booktopia has entered voluntary administration. Image source: Booktopia Booktopia has entered voluntary administration after the cash-strapped online book retailer failed to secure funding to improve its liquidity. In a statement to…