Campbell Park Estate in Otekaieke will be sold to pay off debts of former Mainzeal boss Richard Yan, after he was adjudged bankrupt in May this year. The estate is one of three parcels of land owned by Richina Ltd, Insolvency and Trustee Service national manager Russell Fiddes said. “Richard Yan is the sole shareholder…
Today at 07:50 Phil Vickery, the former England rugby captain, has declared bankruptcy, revealing debts amounting to £100,000 to a company now in liquidation. The former tighthead-prop is a former professional rugby player who made a significant impact on the sport during his illustrious career. Renowned for his formidable presence on the field and exceptional…
The number of companies entering external administration has hit a ten-year record high last month, illustrating the mounting pressures on businesses. John Park, senior managing director at FTI Consulting, outlines why and how businesses of all sorts and sizes should be taking sensible precautions. For the nine-month period from 1 July 2023 to 31 March 2024,…
de Jonge Read founder and executive director Henry ‘Hank’ de Jonge. de Jonge Read director Ashley Shield. Australia’s most prominent pre-insolvency advisor ran into trouble with the tax office (ATO) last year and in 2024 trouble’s found him again. Last week in the Federal Court the Deputy Commissioner of Taxation (DCoT) filed proceedings seeking the…
Senior partner and insolvency practitioner at Hall Chadwick, John Vouris, said there have always been challenges and hurdles small businesses have had to face, yet there are more insolvencies than ever. “Over time there have been recessions, there have been global economic crises, there has been the .com, boom bust. There are always external issues,”…
Fabric and crafts retailer Joann Inc. filed for bankruptcy, unable to sustain its debt load after a sales boom during pandemic lockdowns faded. The Hudson, Ohio-based chain will be delisted after the bankruptcy proceedings and be privately owned by “certain of its lenders and industry parties,” according to a company statementBloomberg Terminal released as it…
In March, Enviva, the world’s largest woody biomass producer for industrial energy, declared bankruptcy. That cataclysmic collapse triggered a rush of political and economic maneuvering in the U.S. (a key wood pellet producing nation), and in Europe (a primary industrial biomass energy user in converted coal plants). While Enviva publicly claims it will survive…
A Federal Court judge has ordered Bruce Lehrmann to pay costs of a higher order than typically seen in defamation cases, but also declared there were “no real winners” in the multi-million-dollar legal battle. Justice Michael Lee found last month that, on the balance of probabilities, Mr Lehrmann raped Brittany Higgins in Parliament House in…
The first half of 2024 was incredibly challenging for the restaurant industry, which continues to face rising labor and operating costs and declines in traffic. Several casual chains, including TGI Fridays, Bloomin’ Brands, Hooters and Denny’s closed underperforming locations. Red Lobster closed roughly 100 locations and then declared bankruptcy. The bankruptcy of the full-service seafood…
Lawrence Dallaglio Dallaglio has followed in the footsteps of Wilkinson and Dawson, becoming a well-known rugby pundit. He provided coverage for the Rugby World Cup on ITV in 2011. Additionally, he is renowned for his philanthropic efforts, having founded the Lawrence Dallaglio Foundation. This organisation aims to empower young people through sport and supports teenage…