Senator Rod Culleton has been declared bankrupt by the federal court in Perth, which would disqualify him from parliament, but he has vowed to fight on. Culleton, who was elected as part of Pauline Hanson’s One Nation before quitting the party this week, was found bankrupt following action taken by a creditor. Under Section 44…
The lifeboat fund told Professional Adviser that so far it has received 1,464 claims against the firm, all relating to its actions as SIPP operator. On 31 August 2022, Rowanmoor directors appointed Adam Stephens and Christopher Allen as joint administrators. Stephens and Allen will continue to run Rowanmoor’s business and will try to find a…
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Intended to streamline council payments and HR systems, the flagship system was expected to cost £19m. But after three years of delays, it was revealed in May it could cost up to £100m. On Tuesday evening, the government’s Department for Levelling Up, Housing and Communities (DLUHC) said it had been “engaging regularly” with the council…
Combined debts of about $900,000 have led to the Christchurch entrepreneur behind Benny’s Barber Shop and Benny’s Hangar being declared bankrupt. Ben Scott, 31, was placed on the insolvency register on Wednesday after his plans for a million-dollar indoor entertainment venue inside a disused former Air Force hangar at Wigram crashed to the ground. The large-scale…
Dutch electronics retailer BCC was declared bankrupt by an Amsterdam court on Friday, a day after the chain reportedly filed for bankruptcy. Many of the company’s 1,100 employees are expected to lose their jobs, but could return to work if some of BBC’s business units are acquired by other companies. The company is owned by…
The council filed a Section 114 notice in response to a predicted £23 million in-year budget overspend. “At the halfway point of the year, the council is forecasting a gross General Fund pressure of circa £57 million which is partly being mitigated from one-off in-year management and corrective actions,” the council said. The corrective actions…
Salisbury Hallam Pty Ltd declared insolvent in Federal Court The Examiner Read the original article here
VanMoof Holding, Global Support and the Netherlands declared bankrupt Bike Europe Read the original article here
What happens if a council goes bankrupt? Commons Library Read the original article here