Business people on the move – The Scotsman

Business Leading accountancy and business advisory firm Johnston Carmichael has strengthened its restructuring team with the progression of Graeme Bain to an appointment-taking director. Monday, 25th January 2021, 7:00 am Graeme, a licensed insolvency practitioner, joined Johnston Carmichael as a director in 2017, can now be appointed to oversee formal insolvency appointments. His progression comes…

Newcastle builder Ben Geary, of BJG Builders, declared bankrupt amid calls for more protection for homeowners – Newcastle Herald

A NEWCASTLE builder accused of leaving five Hunter families out of pocket and with unfinished or ‘defect-riddled’ homes has been declared bankrupt. Ben Geary, of BJG Builders, filed for bankruptcy just days after Charlestown MP Jodie Harrison launched a scathing attack on him using parliamentary privilege in November. Ms Harrison said Mr Geary, of Lake…

Norway finally ready to help Norwegian airline avoid bankruptcy – ScandAsia.com

The Norwegian government wants to save Norwegian from bankruptcy. Photo: Henning Bagger Norwegian airlines has announced that the government of Norway is ready to help the airline financially under certain conditions. The government of Norway has agreed to help Norwegian by granting a so-called hybrid loan, which is a loan without an expiration date with…

Time to let zombie businesses die – The Australian Financial Review

“The insolvency moratorium created longer-term risks by propping up zombie businesses, putting creditors at significant disadvantage, and threatening the future of viable businesses,” Mr Dale said. “That created an environment where businesses were racking up debt with an inability to pay it. That was never the appropriate business environment to carry into 2021.” Since the…

Newcastle builder Ben Geary, of BJG Builders, declared bankrupt amid calls for more protection for homeowners – Newcastle Herald

A NEWCASTLE builder accused of leaving five Hunter families out of pocket and with unfinished or ‘defect-riddled’ homes has been declared bankrupt. Ben Geary, of BJG Builders, filed for bankruptcy just days after Charlestown MP Jodie Harrison launched a scathing attack on him using parliamentary privilege in November. Ms Harrison said Mr Geary, of Lake…