Category Archives: Bankruptcy

Two safe harbours: What business owners need to know about insolvent trading during the COVID-19 pandemic – SmartCompany.com.au

Hall & Wilcox special counsel in commercial litigation Katherine Payne. One of the earliest economic stability measures passed by the federal government to battle COVID-19 involved a new form of safe harbour, which provides directors with short-term relief from the insolvent trading provisions. Temporary safe harbour joins the pre-existing safe harbour regime, which was introduced…

Rose Bay’s Lapin House sold as knock-down rebuild for $16.6 million – Domain News

The Rose Bay modernist home of bankrupt former mining executive IanStolyarand his wife Beth has sold on the quiet for $16.6 million as a knock-down rebuildto London-based expat foreign exchange dealer TonyCollick. The waterfront property was designed as Lapin House in 1949 by the late architect NevilleGruzmanfor his auntMollieLapin, and long owned by former High…

Port Alice mill declared bankrupt with $272M in debts – Times Colonist

The Neucel Specialty Cellulose pulp mill in Port Alice has been declared bankrupt with $272 million in debts. Founded in 1916, the mill was the economic bedrock of the northern Vancouver Island village, but has been closed since 2015. It had also shut down under a previous owner in 2004, reopening two years later. article…

Experts warn insolvencies could spike in coming months due to COVID-19 – Savings.com.au

Photo byAnastasiia ChepinskaonUnsplash Battle victory could be close, but the war is not over – experts are warning insolvencies could spike in the coming months and linger for years post-COVID-19. Last quarter (January to March 2020), personal insolvency rates fell 16.5% on the same quarter last year – the lowest level since the December quarter…

COVID-19 Economics: Financial gurus bracing for a ‘tsunami’ of bankruptcies in 2021 – 9News

Australia could face a “tsunami” of bankruptcies when government support packages and existing capital run dry as a result of COVID-19, a lead financial institution has warned. Malcolm Howell, bankruptcy trustee and partner at insolvency firm Jirsch Sutherland, forecasts that the majority of these bankruptcies will come in 12 to 18 months time thanks to…

Bankruptcy: What happens when you go bankrupt? – BBC

Bankruptcy: What happens when you go bankrupt?  BBC Read the original article here

Katie Price declared bankrupt at High Court

Katie Price has been declared bankrupt in a hearing at the High Court, which was told she had failed to stick to a plan to repay her debts. The former model and reality TV star was not present at the London hearing. Last year, Price, 41, came to an arrangement with her creditors for a…

Company liquidation packages in Maryville

Company liquidation packages now available in Maryville starting at $2,000.00 Are you looking to liquidate your company? Or, or are you looking for?company liquidation?help in Maryville? Did you know that Insolvency Guardian offer company liquidation packages that can?cost as little as $2000? Company liquidation packages from Insolvency Guardian can help you to?successfully liquidate your Maryville-based company quickly and effectively.…

Company liquidation packages in Medowie

Company liquidation packages now available in Medowie starting at $2,000.00 Are you looking to liquidate your company? Or, or are you looking for?company liquidation?help in Medowie? Did you know that Insolvency Guardian offer company liquidation packages that can?cost as little as $2000? Company liquidation packages from Insolvency Guardian can help you to?successfully liquidate your Medowie-based company quickly and effectively.…

Company liquidation packages in Mernda

Company liquidation packages now available in Mernda starting at $2,000.00 Are you looking to liquidate your company? Or, or are you looking for?company liquidation?help in Mernda? Did you know that Insolvency Guardian offer company liquidation packages that can?cost as little as $2000? Company liquidation packages from Insolvency Guardian can help you to?successfully liquidate your Mernda-based company quickly and effectively.…