ONE of the regions largest liquidation firms fear waves of insolvency rates will flow on the Sunshine Coast once the government support tap turns off. Worrells Solvency and Forensic Accountants partner Paul Nogueira said insolvency rates had been down since March due to the Federal Governments lifeline packages which kept businesses afloat. READ: No incentive:…
Happy Monday’s legend Bez went into the Celebrity Big Brother house unashamedly admitting he was in it for the money. The Manchester maraca player had been declared bankrupt months before he signed up to the Channel 4 show and he was determined to use his fee – or even better the winnings – to pay…
NORTHERN EXPOSURE NORTH Lakes, north of Brisbane, has emerged as one of Australia’s worst bankruptcy hot spots. According to figures from the Australian Financial Security Authority, the suburb in the heart of Brisbane’s mortgage belt had the highest per capita number of personal insolvencies at the end of March. The percentage was 0.096 per cent,…
WAVES OF DESPAIR QUEENSLAND should brace itself for waves of corporate insolvencies over the next six months – including one around Christmas – as debt moratoriums put in place during the pandemic shutdown come to an end. That’s the unsettling view of veteran lawyer David O’Farrell, who has just joined iconic Brisbane law shop McCullough…
WAVES OF DESPAIR QUEENSLAND should brace itself for waves of corporate insolvencies over the next six months – including one around Christmas – as debt moratoriums put in place during the pandemic shutdown come to an end. That’s the unsettling view of veteran lawyer David O’Farrell, who has just joined iconic Brisbane law shop McCullough…
UK government revealed the Corporate Insolvency and Governance Bill on 20 May. The Bill follows the lead… Further to our last update on prospective changes to the UK insolvency regime in light of COVID-19, the UK government revealed the Corporate Insolvency and Governance Bill on 20 May. The Bill follows the lead of several other…
WAVES OF DESPAIR QUEENSLAND should brace itself for waves of corporate insolvencies over the next six months – including one around Christmas – as debt moratoriums put in place during the pandemic shutdown come to an end. That’s the unsettling view of veteran lawyer David O’Farrell, who has just joined iconic Brisbane law shop McCullough…
1:44 PM IST If the list of key figures in Australian cricket who couldn’t deal with Kevin Roberts had grown so long as to make his position as Cricket Australia (CA) chief executive untenable, it’s unlikely that their discontent will be sated purely by his exit. After Roberts departed on Tuesday, leaving behind many fractured…
He once owned some of the most valuable buildings in the world, and built up a portfolio valued at more than 4B (3.6B). But UK property investor Glenn Maud could be declared bankrupt by the end of the month following a judgement in a long-running legal battle against Libyas sovereign wealth fund and fellow entrepreneur…
The UK Corporate Insolvency and Governance Bill, currently progressing through UK Parliament, will have an impact on various stakeholders in the aviation industry once enacted, due to its moratorium, supply contract, and restructuring plan provisions. KEY FEATURES The UK Corporate Insolvency and Governance Bill has three key features: Moratorium: A new moratorium for companies in…