There has been an increase in company insolvencies in Australia. Startups and early-stage technology companies have not been shielded from this, with recent high-profile collapses including Tritium and Milkrun. In this article we discuss insolvent trading risks, the state of the startup market, unique risks to startups and the protections offered by the “safe harbour”…
Miquita Oliver was forced to move back in with her mother age 28 after experiencing financial difficulties. (Getty Images) Miquita Oliver has opened up about feeling “ashamed” when she was declared bankrupt in her late 20s. The TV star was 28 when she was forced to move back home with her mum in 2011 after…
Highlights Eike Immel, former Man City goalkeeper, has declared bankruptcy and now lives off benefits in a council flat. Immel’s financial struggles began after spending heavily on bills and personal expenses during his football career. The German is one of many former footballers facing financial difficulties post-retirement, with 40% estimated to go bankrupt within five…
It has been 33 years since the “recession we had to have” in 1991. Fears that Australia would enter a technical recession during 2023 didnt eventuate. At the time of writing, our economy continues to still be resilient (relying on massive population growth through migration) despite ongoing decreasing consumer sentiment but another year of slow…
Look, if youve been plotting an investment strategy using tips from Instagram influencers, youre probably beyond our help. But we have to try its our job and the latest instalment in the sorry tale of Tyson Scholz, the online stock trading educator with a taste for Ferrari, Bugatti and Rolls-Royce cars, high-end champagne, private jets…
A15LE E battery-electric bus (Photo: Van Hool) Belgian bus OEM Van Hool has been declared bankrupt by the Commercial Court of Mechelen, a court in Belgium which deals with commercial litigation. According to media reports the company had accumulated a debt of 400 million. This was further compounded by a family inheritance dispute over shares…
Photographs show the state of Katie Prices Mucky Mansion as it was repossessed by bailiffs. The former glamour model and TV personality failed to keep up with mortgage repayments for the property, which is currently valued at 2.5 million. Bailiffs repossessing Mucky Mansion (Image: Sussex News and Pictures) Price was declared bankrupt in March by…
LEADER of the Progressive Democratic Patriots (PDP) and former president of the Public Services Association (PSA) Watson Duke is facing bankruptcy, according to his attorneys. And if Duke is declared bankrupt then he may not be able to contest next year’s general election, they said. Duke’s financial difficulties follow his retirement from the Public Services…
Byjus on Wednesday informed the National Company Law Tribunal that it has reached a settlement with France’s Teleperformance Business Services, one of the operational creditors of the beleaguered edtech firm. Following this, Teleperformance has withdrawn its insolvency petition filed against Byju’s, a counsel aware of the matter said on condition of anonymity. A bench led…
A leading organisation that delivers debt help and advise for those seeking a Debt Relief Order (DRO) says the increase in value of used cars has proven to be a real stumbling block for those seeking this kind of insolvency. A DRO is just one of three recognised types of personal insolvency in England and…