A Hong Kong court has ordered one of China’s biggest property developers, Evergrande Group, to liquidate after it was unable to reach a restructuring deal with creditors over hundreds of billions of dollars it owes. Key points: Evergrande has been ordered to liquidate after failing to come up with a restructuring deal with creditors over US$300 billion…
The Federal Court has ordered that a company associated with Melbourne business figure “Diamond” Joe Gutnick be wound up and declared insolvent amid allegations of millions of dollars of dishonest related party transactions. The Federal Court on Wednesday appointed liquidators to the publicly traded mining company Merlin Diamonds Limited after a provisional liquidators’ report showed…
Rex Airlines enters voluntary administration The Courier Read the original article here
Lancaster based Olympic cyclist Sir Bradley Wiggins declared bankrupt at Lancs court Lancashire Evening Post Read the original article here
Parliamentary inquiry into corporate insolvency in Australia Herbert Smith Freehills Read the original article here
Local government fulfils an essential role in society. It provides fundamental services – from social care and transport to education, water and waste collection. And when it no longer can, when a council goes bankrupt, it is the most vulnerable citizens who bear the brunt of that failure. In the UK, this has been deftly…
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Debt relief orders: Fee of £90 axed for poorest BBC.com Read the original article here
Westpac is going to relax its policy on access to banking services for people declared bankrupt. Photo: AFP Westpac is going to relax its policy on access to banking services for people declared bankrupt. A 2022 survey undertaken by the Insolvency and Trustee Service found 49 percent of respondents faced bank account closures after being…
Share Tweet Share Share Email Australia’s third largest airline, Rex Airlines, has entered voluntary administration, leading to the cancellation of all flights between major airports. In a statement posted on their website, Rex announced: “Regional Express Holdings Limited and several of its subsidiaries have entered voluntary administration.” As a result, Rex has grounded all of…