By MATT JONES FOR DAILY MAIL AUSTRALIA Published: 16:56 AEDT, 7 February 2025 | Updated: 16:56 AEDT, 7 February 2025 An Aussie property giant has been thrown a lifeline after creditors agreed to take a substantial cut to save them from liquidation. Creditors have signed off on a rescue deal with Melbourne-based property developer Bensons…
The Court has the discretion to liquidate the company which is unable to pay its debts. This was held in a judgment delivered by Mr Justice Ian Spiteri Bailey presiding over the Civil Court (Commercial Section) on 29 January 2025. The case is ICE Net SA vs EFT Global Limited. In its sworn application the…
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
A group of linked kitchen design and fitting companies based in Manchester have been shut down following an investigation by the Insolvency Service. Smart Choice Kitchens Limited, Empire Kitchens and Bathrooms Limited and Connect Kitchens Limited were all wound-up at a hearing of the High Court in Manchester on Tuesday (February 4). The Insolvency Service…
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‘Glib huckster’: Bankrupt builder faces jail, owing more than $6 million The Post Read the original article here
Bensons rescued as creditors approve bailout deal The Australian Read the original article here
International law firm Addleshaw Goddard has recruited insolvency litigation specialist Sophia Harrison as a Partner in Restructuring, focusing on its insolvency dispute resolution (IDR) practice. Sophia is dual qualified in England & Wales as a barrister and in Scotland as a solicitor. She has a UK-wide practice focusing on corporate insolvency litigation, asset recovery and…
Whether you have a penchant for tasty cocktails or prefer to test your luck at the casino, you aren’t alone. Americans, across all age groups, are spending money on their vices. Cash is the preferred payment method but some are getting into debt because of it. That’s one of the takeaways from a recent Bankrate.com…
Open this photo in gallery: Halifax Harbour in Halifax on Wednesday evening, Feb. 28, 2018.Darren Calabrese/For The Globe and Mail A contentious insolvency involving the heavily indebted estate of a deceased property developer from the Halifax area has put the future of some of the city’s prized heritage properties in doubt. Five businesses connected to…