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…
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Bruno Mars’ $50 million gambling debt denied by casino company | Image: Instagram/@brunomars Casino giant MGM debunked rumors that singer-songwriter Bruno Mars currently faces a $50-million gambling debt. A spokesperson of the international casino and entertainment company, with whom Mars has an ongoing partnership, told Variety that the reports on the singer’s debt were “completely…
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Rex Airlines enters voluntary administration, 610 jobs lost WAtoday Read the original article here
The federal government will cut around $3bn in student debts through a key change to the Hecs and Help programs, reversing last year’s horror indexation hike and delivering a $1,200 saving for the average person. The measure, to be outlined in this month’s federal budget, will ensure student debts can’t outpace wage growth in the…
Former England rugby captain Phil Vickery has been made bankrupt with documents showing he owes £100,000 to a company which is in liquidation. Mr Vickery, 48, of Bath, who was part of England’s triumphant 2003 World Cup winning side, applied to make himself bankrupt using debtor’s petition, last month. His management consultancy Vix Limited is…
NCLAT Chennai Bench Halts Insolvency Proceedings Against Coffee Day Enterprises; Check Details Here Goodreturns Read the original article here
Published By: Dishya Sharma Last Updated: March 19, 2024, 11:21 IST Bruno Mars entered into a partnership with MGM in 2016. (Photo Credits: Instagram) A report recently claimed that Bruno Mars owes around $50 million to MGM International. However, MGM International cleared the air. Read on. Popular American singer-songwriter Bruno Mars, best…
A volatile cocktail of decade-high insolvency rates and booming investor appetite has driven short-seller Bronte Capital to begin betting against corporate debt, hoping to cash in if the companies behind the loans go bust. Bronte founder John Hempton has told his investors that the so-called junk rally – which this year drove global equities to…