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,…
The 45-year-old reveals that he and his actress partner, 42, have split The couple were together for over 15 years and have two children First met on 2000 film Men Only and work together on hit BBC drama Sherlock In candid interview, Freeman hints his success could have played a part He has become a…
BREAKING: Smartcity Vocational College accountants met with liquidators six months before the college’s administrative arm, SC Admin Pty Ltd, went bust. The report to creditors distributed to former SC Admin staff and creditors by Worrells Solvency and Forensic Accountants yesterday showed SmartCity accountants and lawyers met with Worrells on June 1 to discuss “solvency concerns…
news A SmartCity Graduating class celebrates in 2015. Contributed BREAKING: Smartcity Vocational College accountants met with liquidators six months before the college’s administrative arm, SC Admin Pty Ltd, went bust. The report to creditors distributed to former SC Admin staff and creditors by Worrells Solvency and Forensic Accountants yesterday showed SmartCity accountants and lawyers met…