Jon Adgemis borrowed more than $135 million against a single property in Sydney’s southern suburbs valued at just $4.5 million as the former dealmaker turned hospitality entrepreneur built up a pile of debt that stretched beyond $1.7 billion and ultimately bankrupted him. The enormous borrowings against the Hurstville property, now nothing more than a pile…
Less than 24 hours after Kathleen Atkins was told her daughter’s preschool was going into voluntary administration the centre was shut. Her 3-year-old is among nearly 70 other children who attend Broken Hill’s Playtime Preschool, a not-for-profit which suddenly closed its doors last week after telling parents and staff it was in approximately $1 million…
Tshwane will go bankrupt if salary increases continue News24 Read the original article here
The object of the Insolvency and Bankruptcy Code, 2016 (“IBC”) is to provide a time-bound framework within which financially/operationally indisposed companies may opt to resolve their dues and maintain a semblance of their going concern. The aim of IBC is to revive companies, with winding up being the last resort. IBC was seen as a…
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Fashion brand founded by ex Tayside footballers vows to reopen Dundee store after liquidation The Courier Read the original article here
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REVEALED: Latest business liquidations in Brisbane The Courier Mail Read the original article here
A debt advice service has become one of the first in the country to join a national scheme targeting illegal lenders. Swaythling Frontline Debt Advice has been named an official access point for the Stop Loan Sharks scheme, run by the England Illegal Money Lending Team (IMLT) to offer in-person support to victims of illegal…
Swaythling Frontline Debt Advice has been named an official access point for the Stop Loan Sharks scheme, run by the England Illegal Money Lending Team (IMLT) to offer in-person support to victims of illegal lenders. READ MORE: Eastleigh man to cycle across Hampshire to help people in debt crisis The Swaythling Frontline Debt Advice office…