Taskers Living Development Company plunges into liquidation: Perth apartment builder folds – Daily Mail

By Stephen Johnson, Economics Reporter For Daily Mail Australia Published: 14:57 AEDT, 13 February 2024 | Updated: 15:09 AEDT, 13 February 2024 An award-winning luxury apartment builder has gone into liquidation as higher interest rates cripple the home construction sector. Task… Read the full article at: https://www.dailymail.co.uk/news/article-13076607/Taskers-Living-Development-Company-plunges-liquidation-Perth-apartment-builder-folds.html

Former Codfather vessel rehabbed by Blue Harvest and sold amid bankruptcy declared total loss after fire – SeafoodSource

A vessel formerly owned by Carlos Rafael aka the Codfather that was later relaunched by the now-bankrupt and defunct Blue Harvest Fisheries has been declared a total loss after a recent fire.  The fire department in Fairhaven, Massachusetts, U.S.A. said the F/V Carrabassett is a total loss after welding aboard the vessel caused a large…

Simon Lee Gallery Faces Insolvency: A Tale of Unpaid Debts and Failed Settlements – BNN Breaking

The Simon Lee Gallery, once a beacon of contemporary art, faces an unceremonious end as it grapples with insolvency. The winding up process, initiated by the gallery’s creditors, paints a stark picture of financial difficulties exacerbated by the Covid-19 pandemic and failed attempts to settle with HMRC. Advertisment A Gilded Past, A Troubled Present Established…

Unlocking Safe Harbour: A smooth sea never made a skilled sailor! – Business News

In today’s uncertain economic landscape, business leaders and entrepreneurs face unprecedented challenges that threaten their companies’ very existence. The legal construction of “Safe Harbour” emerges as a potential lifeline for companies teetering on the brink of financial instability by providing protection to Directors who are trading whilst insolvent to enable them to achieve a better…

Bankruptcy explained: What happens when you can't pay your debts? – Yahoo Finance Australia

The consequences of bankruptcy can be devastating. Whether it was through a job loss, steep medical bills, mortgage debt, or a combination of factors filing for bankruptcy is often discouraged and viewed as a last resort. No one is immune to the possibility of going bankrupt, as seen in several high-profile cases involving celebrities like…

Langdon Building in administration owing more than $12m to creditors, 149 homes, 43 staff impacted | news.com.au … – news.com.au

A building company which went into administration last week appears to owe more than $12 million to creditors. News.com.au previously reported that Victorian construction company Langdon Building had appointed external administrators and had halted all construction work for six weeks but emphasised the business had not collapsed. But now more than 100 homeowners hoping to…

UK government updates water company insolvency regime – Taylor Wessing

The UK government has updated the 30-year-old special administration regime for water companies making it possible to rescue water companies. The new legislation (plus two draft instruments) aims to modernise water company insolvency legislation in the face of the growing challenges in the industry including higher operating costs, claims over sewage pollution and significant debt…

Self-exiled former lawmaker Ted Hui declared bankrupt by Hong Kong court – Hong Kong Free Press

Hong Kongs High Court has declared self-exiled activist Ted Hui bankrupt for failing to pay costs of legal proceedings involving him. The former lawmaker, who left Hong Kong in November 2020, is among 13 self-exiled pro-democracy activists accused of breaching the Beijing-imposed national security law. Ted Hui in the UK. File Photo: May James/HKFP. High…