King I Australian Rural & Regional News

The Hon. Catherine King, Minister for Infrastructure, Transport, Regional Development and Local Government, Media Release, 31 July 2024 Overnight it was announced that Regional Express Holdings and a number of its subsidiaries have entered voluntary administration. Samuel Freeman, Justin Walsh and Adam Nikitins of Ernst & Young Australia (EY Australia) have been appointed Joint and…

Van Hool declared bankrupt by Belgian court

A15LE E battery-electric bus (Photo: Van Hool) Belgian bus OEM Van Hool has been declared bankrupt by the Commercial Court of Mechelen, a court in Belgium which deals with commercial litigation. According to media reports the company had accumulated a debt of €400 million. This was further compounded by a family inheritance dispute over shares…

Insolvencies surge close to 10k for FY2023–24

The number of insolvencies has continued to rise and remains well above pre-COVID-19 levels, the latest ASIC data has revealed. ASIC’s latest insolvency figures indicate there were a total of 9,996 companies that had entered external administration or had a controller appointed at 2 June this year. The insolvency figures for the 2023–24 financial year…

Jontay Porter reportedly had a substantial gambling debt before his NBA betting scandal

A few months ago, former Raptors center Jontay Porter received a lifetime ban from the NBA. The 24-year-old disclosed confidential information to bettors. That completely violated the league’s gambling policy. An investigation was launched in March after sportsbooks noticed betting irregularities for Porter. According to new reports, Porter owed large gambling debts to co-conspirators when…

Bradley Wiggins is bankrupt, homeless & ‘lost absolutely everything’… he now faces selling gold medals, lawyer says

SIR Bradley Wiggins is bankrupt, homeless and has “lost absolutely everything”, his lawyer says. The Olympic cyclist became the first Briton to win the Tour de France but has suffered ongoing financial difficulties with his business ventures. 4 Sir Bradley Wiggins won eight Olympic medalsCredit: Getty 4 He was declared bankrupt earlier this month after…