Sapura Energy’s Mexican unit declared bankrupt

KUALA LUMPUR (March 1): Sapura Energy Bhd said a Mexican unit of the group has been declared bankrupt, after it had failed to restructure its debts with creditors within the stipulated time frame given by a court in that country. The unit, Sapura Energy Mexicana Sociedad Anónima Promotora de Inversión de Capital Variable (SEM), is…

Mackay Goodwin announces second FY24 acquisition

Mackay Goodwin and RRI Advisory have announced they will merge to meet the growing demand for quality insolvency advice as Australian businesses continue to struggle. Business advisory and insolvency expertise company Mackay Goodwin will merge with Melbourne-based company RRI Advisory. RRI Advisory is a boutique insolvency company specialising in providing insolvency, turnaround and business restructuring…

Tennis champion sentenced over bankruptcy

PA Media Boris Becker arrived at court with his partner Lilian de Carvalho Monteiro Former Wimbledon champion Boris Becker has been jailed for two and a half years for hiding £2.5m worth of assets and loans to avoid paying debts. The case centred on Becker’s bankruptcy in June 2017 resulting from an unpaid loan of…

ASIC ‘confirmed’ solvency of insolvent company paid to build Wagga public housing, Homes NSW says

NSW Housing Minister Rose Jackson says the NSW Building Commissioner is investigating Homes NSW paying an insolvent builder to construct public housing in Wagga. Photo: Facebook. The Federal Government business regulator “confirmed” a company chosen to build public housing in Wagga “was solvent” at a time it was actually insolvent, according to the NSW Government…