KFC rival nears Chapter 7 bankruptcy, closes stores, liquidation looms – MSN
KFC rival nears Chapter 7 bankruptcy, closes stores, liquidation looms MSN Read the original article here
Adgemis’ $1.5bn bankruptcy on hold after dramatic intervention – The Australian
Adgemis’ $1.5bn bankruptcy on hold after dramatic intervention The Australian Read the original article here
Holds Acknowledgment of Debt Valid in Balance Sheet Bench Led by Justices Manoj Misra and K.V. Viswanathan
Recently, the Supreme Court of India answered a crucial question of whether an entry made in the balance sheet of a company can be classed as a de-facto acknowledgment of debt as stipulated in Section 18 of the Limitation Act, 1963, thus giving a further extension concerning the timeline of application as assigned under Section…
Five companies shut down for filing false and forged accounts
Five companies which submitted false accounts showing hundreds of millions of pounds of profits have been shut down following investigations by the Insolvency Service and Companies House. Automarket Europe Limited, Integra Group Limited, Maxell Limited, Montana & Montana Limited, and Supermarket Plus Ltd claimed to trade as everything from supermarkets to car dealerships but no…
Iconic Gold Coast wetsuit maker faces liquidation wipe-out amid $1.5m debt – The Courier Mail
Iconic Gold Coast wetsuit maker faces liquidation wipe-out amid $1.5m debt The Courier Mail Read the original article here
Timaru plumbing company in liquidation – The Press
Timaru plumbing company in liquidation The Press Read the original article here
Popular Auckland cafe chain had $640k tax bill before liquidation – Stuff
Popular Auckland cafe chain had $640k tax bill before liquidation Stuff Read the original article here
Latest rundown of higher education
From the Chief Executive Officer I had the pleasure of attending the Government’s technology and innovation roundtable in Sydney today as part of a series of events leading up to the Treasurer’s economic reform roundtable later this month. It was a constructive and insightful discussion, led by Minister Tim Ayres and Assistant Minister Andrew Charlton…
Australian Tax Office, AFSA slam pub baron Jon Adgemis’ insolvency deal
The Australian Taxation Office has accused embattled pub baron Jon Adgemis of leading an extravagant lifestyle at the expense of his creditors and torn apart his proposed deal to avoid bankruptcy. The Australian Financial Security Authority also raised major issues with Adgemis’ deal, intervening in a meeting of creditors on Friday, held by the trustees…
HECS help on the horizon
A major shake-up to student loan repayments is set to provide financial relief for more than three million Australians, including many in the Goulburn Valley. The federal opposition has confirmed it will back Labor’s proposed 20 per cent HECS debt reduction, with the legislation introduced last week. The change could shave an average of $5500…