Property developer Greg Shaw declared bankrupt, investors who tipped money into Sasha Hopkins projects left in the lurch

Investors who tipped in $11.4 million earmarked for residential property projects are being left largely empty-handed after property developer Greg Shaw was declared bankrupt on Thursday. More than 130 investors tipped $14.1 million into projects across NSW, Queensland and Victoria after a marketing blitz run by self-styled property mogul Sasha Hopkins on Facebook in 2021.…

Regional airline carrier Rex has officially entered voluntary administration

Video: Regional airline carrier Rex has officially entered voluntary administration Regional airline carrier Rex has officially entered voluntary administration We’re sorry, this feature is currently unavailable. We’re working to restore it. Please try again later. Dismiss Skip to sections navigationSkip to contentSkip to footer An administrator has been appointed to run Rex airline as planes…

EY comments on company insolvency data for Q3 2023

Simon Edel, UK Turnaround and Restructuring Strategy Partner at EY-Parthenon:  “Today’s insolvency figures illustrates how the challenging trading conditions facing UK companies is translating into distress. Company insolvencies in Q2 and Q3 2023 reached their highest level since Q2 2009, whilst administrations saw a 58% year-on-year uplift.   “Since the pandemic, insolvency activity had been heavily…