In short: Armaguard has rejected a lifeline deal worth $26 million to prevent it from becoming insolvent. It comes after Coles temporarily paused its use of the company over the Easter long weekend, but has since resumed using its services. What’s next? The cash transportation company says it is working with its customers and is…
A meeting is due to take place within the next 21 days to discuss the situation and the authority said a dedicated page on its website would provide updates. The council said in a statement: “Senior officers and members remain committed to continuing to work with the Improvement and Assurance Board and the Department for…
A professional organization for romance authors filed bankruptcy, blaming the high cost of its annual conference and a membership crisis triggered by the suspension of a prominent writer who accused another member of allegedly using racist stereotypes in her book. Romance Writers of America Inc. filed Chapter 11 on Wednesday saying it lost thousands of…
A recent judgment of Chief Justice Blow in ARL2 Pty Ltd v Flex Realty Pty Ltd [2024] TASSC 5 is a reminder of the crucial role that compelling evidence plays in rebutting a presumption of insolvency. The court ultimately dismissed the plaintiff’s winding up application on the ground of insolvency based on the defendant’s failure…
Chinese company that sparked fears of financial contagion falls into bankruptcy Financial News Read the original article here
A FORMER Rugby World Cup winner and ex-England captain has been declared bankrupt – and his company has gone into liquidation. Phil Vickery, who was part of the country’s triumphant Rugby World Cup winning team, has racked up “hundreds of thousands of pounds” in debt, a source claimed. 3 Rugby star Phil Vickery, centre, has…
Alyssa Luc and her partner Xuan Tri Mai are among many Australians who wish they hadn’t rushed into building a home. It was the end of 2020 when the couple purchased a block of land in Catherine Field, a growth area suburb south-west of Sydney. Their block cost about $500,000, and they spent another $700,000…
We first covered Blue Protocol, the stylized online action RPG developed by Bandai Namco Online, nearly five years ago. Back then, there was no assurance the game would ever launch in Western countries. That changed in December 2022, when Amazon Games took the stage at The Game Awards to announce a publishing deal with Bandai…
“I think what we’ve got to accept is that some universities may well go bust,” the Conservative MP and former home secretary Suella Braverman recently told the BBC’s Panorama. “They may well close. And I don’t think that’s necessarily a bad thing.” Braverman will be a frontrunner for the Conservative leadership if, as seems highly…
The Federal Court’s recent decision in Stone (Liquidator), in the matter of RIC Admin Pty Ltd (in liq) v Mandalinic (No 2) [2024] FCA 164 demonstrates the analysis the courts will undertake in determining a director’s personal liability for insolvent trading, even when the director does not appear for the hearing. The case reiterates how…