Independent 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. Justice Michael Barker on Friday granted a 21-day stay on the bankruptcy order. The WA District Court had ordered Senator Culleton to pay former Wesfarmers director Dick Lester…
Senator Rodney Culleton has been declared bankrupt at a hearing in the federal court in Perth. Culleton, who was elected as part of Pauline Hansons One Nation before quitting the party this week, was found bankrupt following action taken by a creditor. Under Section 44 of the Australian constitution, a person is not allowed to…
Former One Nation Senator Rod Culleton has been declared bankrupt in the Federal Court in Perth, a ruling which could end his term in the Senate. Mr Culleton, who recently left the One Nation party and planned to serve as an independent, was in court over a $280,000 debt owed to a creditor. If the…
Besieged senator Rod Culleton has been declared bankrupt in a Federal Court hearing in Perth, jeopardising his position in the Senate. The decision is the result of legal action brought against Senator Culleton by a creditor, former Wesfarmers director Peter Lester, seeking $280,000. Play Video Don’t Play How to avoid a tummy bug Play Video…
INDEPENDENT WA Senator Rod Culleton has been declared bankrupt in the Federal Court in Perth, following a ruling made today. On Sunday night, Senator Culleton announced hed quit the One Nation party that he was initially elected on at the July 2 poll, ahead of a hearing in the Federal Court on Monday over the…
Senator Rod Culleton has been declared bankrupt after a hearing in the Federal Court in Perth and faces being barred from serving in the Senate, with the judge granting a 21-day stay on the order. The verdict against Senator Culleton follows legal action brought against him by creditor and former Wesfarmers boss Dick…
Senator Rod Culleton. (AAP) Former One Nation Senator Rod Culleton has been declared bankrupt in the Federal Court in Perth, a ruling which could end his term in the Senate. Mr Culleton, who recently left the One Nation party and planned to serve as an independent, was in court over a debt owed to a…
The $14.5 billion in losses from Ukraines banking sector in recent years have put a tremendous financial strain on Ukrainian taxpayers and their government. The losses much of it attributable to bank fraud are divided into three parts: $3 billion in state payouts to insured depositors, another $3 billion in unpaid refinancing loans to the…
Could billionaire oligarch Ihor Kolomoisky take back PrivatBank, the insolvent institution taken over by the state on Dec. 18? The scheme could be simple: wait several months until the National Bank of Ukraine recapitalizes PrivatBank, filling the multibillion-dollar gaps in the financial institutions ledger. Then, through a court case disputing the nationalizations legality, he could…
760 businesses in the UK have already ceased trading this December Over 760 businesses have ceased trading in December 2016, with more to follow in the run up to Christmas, according to a survey of the latest insolvency notices published in The Gazette. The research, carried out on behalf of London insolvency practitioners Hudson Weir,…