Jon Adgemis borrowed more than $135 million against a single property in Sydney’s southern suburbs valued at just $4.5 million as the former dealmaker turned hospitality entrepreneur built up a pile of debt that stretched beyond $1.7 billion and ultimately bankrupted him. The enormous borrowings against the Hurstville property, now nothing more than a pile…
Tshwane will go bankrupt if salary increases continue News24 Read the original article here
Bid to have Brittany Higgins declared bankrupt stalls MSN Read the original article here
Treasurer Eric Abetz has continued to defend the TT-Line board’s claim of solvency, citing their independent advice and the government’s guarantee that the critical infrastructure company, which operates the Spirit of Tasmania vessels, won’t fail. Picture: file. Read the original article here
Jersey Airport (Photo: © 2025Jersey Airport) In less than three weeks, the UK has just seen the bankruptcy of two regional carriers. At the beginning of October, Eastern Airways, one of the UK’s leading domestic carriers with almost 1.5 million passengers a year, went out of business. Its two main bases were Aberdeen airport in…
Tasmania’s auditor-general has confirmed he referred Spirit of Tasmania operator TT-Line to the corporate regulator after suspecting its directors were in breach of the Corporations Act. Auditor-General Martin Thompson said he made the referral to the Australian Securities and Investments Commission (ASIC) on July 31, having formed the view earlier in the month that TT-Line…
Informist, Monday, Nov. 17, 2025 NEW DELHI – The Insolvency and Bankruptcy Board of India on Monday suggested that anyone appointed as a director or partner of an insolvency professional entity shall hold at least 5% of its paid-up equity share capital, provided the entity has more than 20 members. The minimum prescribed shareholding…
Court Places Three Gauzy Subsidiaries into Insolvency USGlass Magazine Read the original article here
In its much-anticipated judgment of 13 November 2025 the German Federal Court of Justice (FCJ) held that in insolvency proceedings, shareholders’ damages claims are not to be treated pari passu with claims of unsecured creditors. With this landmark ruling, the FCJ brings an end to years of legal uncertainty, resolving the long-standing dispute between shareholders and…
The insolvency firm handling the affairs of defunct contractor NMCN has issued a legal claim against its former auditor, BDO, relating to two historical audits of the company. Court filings show that lawyers on behalf of NMCN plc and NMCN Sustainable Solutions Ltd filed a breach of contract claim against BDO on 26 March. A…