Category Archives: Bankruptcy

Insolvency appointments Dec 13 2016 to Jan 17 2017 – Business News

Company Appointee/Solicitor Role Company Name Published Date Cor Cordis Dino Travaglini liquidator THEGREATSOUTHLAND PTY LTD 17/01/2017 HLB Mann Judd Kimberley Stuart Wallman liquidator Restell Holdings Pty Ltd 17/01/2017 McGrathNicol Robert Michael Kirman liquidator Texcom Equipment Co Pty Ltd 17/01/2017 McGrathNicol Robert Michael Kirman liquidator Texcom Pty Ltd 17/01/2017 Mackay Goodwin Domenico Alessandro Calabretta liquidator Auzzie…

Guvera music streaming service escapes insolvency – The Sydney Morning Herald

Troubled Australian music streaming service Guvera has escaped an attempt to have its business sent to the liquidators. An investor had been seeking an order to wind up the Gold Coast company, claiming a debt of almost $1.8 million. Guvera was shaping as Australia’s biggest challenger to streaming giants Spotify and Apple.  Kwong Properties took the business, which was…

‘Insolvent’ Richmond law firm files notice for creditors – Richmond News

A Richmond law firm hit by a massive trust fund shortage has filed a notice saying it is insolvent and will make a proposal to creditors under the Bankruptcy and Insolvency Act. Richmond lawyer Hong Guo, whose firm completes about $700 million a year in real estate transactions, said in recent legal filings…

Total personal insolvencies up in December – Money Management

Total personal insolvencies went up by 0.9 per cent year-on-year in the December quarter 2016 with debt agreements and personal insolvency agreements increasing by 9.5 per cent and 4.9 per cent, respectively, according to the Australian Financial Security Authority (AFSA). At the same time, AFSA said that bankruptcies fell by 4.9 per cent year-on-year. The…

Zero-gravity flight company declared officially bankrupt – swissinfo.ch

Jan 17, 2017 – 15:00 Jaussi, pictured, told the press in September 2016 that he and his company had received threats shortly before he was attacked in August. (Keystone) Vaud-based company Swiss Space System Holding SA, known as S3, has been officially bankrupt since Monday afternoon, a cantonal court announced on Tuesday. The district court…

Romanian insolvency specialist, railway tycoon buy stake in drug producer – Romania-Insider.com

Remus Borza, who now holds an MP office but is more known as the owner of Euro Insol, the former judicial administrator of state-owned power producer Hidroelectrica, together with other well-known local investors became shareholders in the drug factory Polisano Pharmaceuticals, reports Profit.ro. The factory is part of the Polisano group, developed by the Romanian…

Culleton risks jail in Senate stand-off – Perth Now

FORMER One Nation senator Rod Culleton could face jail time for impersonating a government official if he continues to claim he is a federal MP. Nearly a week after he was removed from his Senate seat for being declared bankrupt, Rod Culleton was yesterday refusing to accept the Federal Court and Senates rulings and told…

Former Dundee, Celtic and Scotland goalkeeper Rab Douglas declared bankrupt – The Courier

Former Dundee and Scotland goalkeeper Rab Douglas has been made bankrupt with debts of more than £210,000. The goalkeeper, who also played for Celtic and was capped 19 times for his country, was declared insolvent after failing to settle large bills. The majority of the cash is thought to be owed to the taxman and…

Former Scotland goalkeeper Rab Douglas made bankrupt with debts of more than £210k after failing to settle bills – The Scottish Sun

BANKRUPTCY BOMBSHELL The footballer – who played for Celtic and Dundee and was capped 19 times for his country – has been declared insolvent FORMER Scotland goalkeeper Rab Douglas has been made bankrupt with debts of more than £210,000. The footballer who played for Celtic and Dundee and was capped 19 times for his country…

14 financial institutions in Singapore to participate in debt … – THE BUSINESS TIMES

FOURTEEN financial institutions in Singapore will participate in a debt consolidation plan this month, said the Association of Banks in Singapore (ABS) on Tuesday. The debt consolidation plan will allow eligible customers to consolidate their existing unsecured credit balances across financial institutions with just one participating financial institution. Such debt will include credit card debt,…