More than 32,000 Australians declared bankruptcy during the 2018 financial year, with households in both of the country’s resource-dependant states, Western Australia and Queensland, still doing it tough. The WA suburb of Baldivis, about 46 kilometres south of Perth’s CBD, recorded the highest number of personal bankruptcies nationwide with 105. External Link: Baldivis in…
Bucking the national trend, the Isle of Wight saw a reduction in personal insolvencies between 2016 and 2017 but is still near the top of the list for high rates of personal insolvencies, says insolvency trade body R3. According to the annual personal insolvency rates released by the Insolvency Service, the 2017 statistics show there…
Big Un Limited, the controversial small business video production company, has reported a $52.2 million net loss for the half year to December 2017 as it published its long overdue accounts. The delay in filing its half-year accounts had already forced the regulator to ban the company from issuing shares without a prospectus and threaten…
PETFORCE Bundaberg is in liquidation. A general meeting of members last month resolved that five companies (Petforce Bundaberg Pty Ltd, Petforce Gold Coast Pty Ltd, Petforce Sunshine Pty Ltd, Petforce Hervey Bay Pty Ltd and Canberra Pet Supplies Pty Ltd) be wound up. Following the meeting on June 21, Bill Cotter of Robson Cotter Insolvency…
The ANC Youth League (ANCYL) was declared bankrupt on Thursday because of a legal bill it has failed to pay. Earlier this year, two judges were hesitant when asked to liquidate the organisation, but Judge Sharise Weiner did so in an order delivered in the Johannesburg High Court on Thursday. On Thursday night, after the…
Lenders are racing to avoid a potentially long-drawn insolvency process as all such defaulting projects will proceed for liquidation after 26 August following a recent RBI circular. Photo: Mint Mumbai: Lenders to Indias stressed coal-based power projects are chasing one-time cash settlements to recover their long-pending loans even at a substantial cut on their dues.…
New London Ten years ago, on July 28, 2008, federal regulators arrived early in the morning at the tiny New London Security Federal Credit Union to close down the more than 70-year-old institution, only to find that someone apparently had broken in to the office overnight. “It looked like somebody had tried to get past the…
Jonathan Ames, Legal Correspondent Kevin Cash with his wife, Carla, a former model. North Aston Hall is up for sale but it may be beyond the reach of creditorsVAGNER VIDAL/INS; NICK HARVEY/GETTY IMAGES A little more than a year ago, he had it all expensive houses, the trappings of luxurious living and a trophy wife. He…
Tabby Kinder The average family spent £900 more than they earned last yearMATT MORTON/PA The number of personal insolvencies in England and Wales has hit a six-year high as consumers are squeezed by high inflation, modest wage rises and growing levels of debt. There were 28,951 people declared insolvent in the past three months, a…
Tabby Kinder The average family spent £900 more than they earned last yearMATT MORTON/PA The number of personal insolvencies in England and Wales has hit a six-year high as consumers are squeezed by high inflation, modest wage rises and growing levels of debt. There were 28,951 people declared insolvent in the past three months, a…