Bill Shorten is set to launch an attack on the coalition, labelling the prime minister ‘morally bankrupt’. Opposition leader Bill Shorten has launched an attack on the PM at Labors state conference. Picture: Tim Marsden BILL Shorten has launched a scathing attack on the Coalition, labelling the prime minister morally bankrupt and reliant on an…
Bill Shorten has launched a scathing attack on the Coalition, labelling the prime minister morally bankrupt and reliant on an insolvent senator. The federal Labor leader addressed the Queensland ALP state conference on the Gold Coast on Saturday morning, before delegates went into debating issues ranging from an Indigenous treaty to privatisation. Shorten said the…
PERSONAL insolvency across England and Wales increased by almost 20 per cent between July and September this year compared with the same period last year, official figures revealed yesterday. There were 24,251 people who claimed to be insolvent in those three months, marking a 19.3 per cent increase. Within this total, bankruptcies increased by 7…
A major Chinese state-owned container shipping company has been declared bankrupt after it struggled to repay debts of 8.45 billion yuan ($1.25 billion). The Hangzhou Intermediate Peoples Court in Zhejiang province granted Zhejiang Ocean Shipping Co. Ltd.s application to liquidate, according to a court document viewed by Caixin. Zhejiang Communications Investment Group Co. Ltd., the…
Court-free clickable bankruptcy ‘removes stigma’ By Kevin Peachey Personal finance reporter 28 October 2016 From the section Business Image copyright Thinkstock People facing unmanageable debts can now apply for bankruptcy online, rather than in court – leading to more individuals choosing to do so. A perceived stigma of court proceedings had been a barrier to…
The new rules restructure the 1986 version of the insolvency rules, introduce gender-neutral drafting and incorporate the 28 sets of amendments made since the rules came into force. They also take into account changes made to insolvency procedures by the 2015 Deregulation Act and Small Business, Enterprise and Employment Act, particularly around the use of…
CHARLIE GATES JOSEPH JOHNSON/FAIRFAX NZ Then office manager Mary Sangster, left, and former owner Sheila Sinclair in 2012. CARYS MONTEATH/FAIRFAX NZ The Children’s Bookshop employee Liz McCracken fills shelves after the move to Riccarton in 2011. Relevant offers The Original Children’s Bookshop has gone into liquidation after nearly 37 years of trading in Christchurch. The…
The rising numbers of personal insolvencies have been driven by an increase in individual voluntary arrangements The number of people going insolvent across England and Wales jumped by a fifth in the third quarter of 2016 compared with the same period a year earlier. There were 24,251 personal insolvencies between July and September, marking a…
Family First senator Bob Day has confirmed he will return to the Senate next month to support the government on industrial relations and the same-sex marriage plebiscite, despite announcing his resignation. With his housing construction empire in liquidation, Senator Day faces being expelled from Parliament if he is declared bankrupt, and last week announced he…
“If houses are being completed and trade contractors and others are being paid, then I may stay on as senator”. (AAP) Family First senator Bob Day says he may see out his parliamentary term if an investor can “revive” his housing group, which owes almost $38 million to creditors. But Senator Day also said in…