The presence of ineligible candidates on ballot papers could expose election results to challenge even if the winners are qualified to sit in parliament, an academic has warned. The University of New South Wales constitutional academic George Williams issued the warning after at least two bankrupts Rodney Culleton and Fraser Anning candidate Julie Hoskin successfully…
The number of people going bankrupt across England and Wales is predicted to have jumped to its highest quarterly level since 2014 in official figures released on Tuesday. The Insolvency Service is due to release personal insolvency figures for the first quarter of 2019. These are made up of three types of personal insolvency bankruptcies,…
April 29th, 2019 Sam Chambers Asia, Tankers 0 comments Creditors have until May 7 to submit claims as Daniel Chopras Elektrans Shipping has finally been declared insolvent. Insolvency proceedings against the Indian owner started earlier this month with the process estimated to be concluded by October 20. The tanker players downfall has been a long…
The number of people going bankrupt across England and Wales is predicted to have jumped to its highest quarterly level since 2014 in official figures released on Tuesday. The Insolvency Service is due to release personal insolvency figures for the first quarter of 2019. These are made up of three types of personal insolvency bankruptcies,…
Former One Nation senator Rod Culleton (left) leaves the financial services royal commission in Melbourne. Picture: Aaron Francis. The successful nomination of two candidates who are undischarged bankrupts has highlighted the Australian Electoral Commissions inability to ensure compliance with the section of the Constitution which led to the resignation of 17 senators and MPs and…
ADMINISTRATORS of a Cairns medical company that owes creditors hundreds of thousands of dollars are investigating whether the company may have traded while insolvent. Dial-A-Doctor Cairns Pty Ltd, which provides a home visit healthcare service that bulk-bills patients in Cairns and Perth, was placed in voluntary administration on January 11. It is still being operated…
The taxman is being pushed up the pecking order when a company goes bust, to the irritation of other creditors. It is a short-sighted cash grab, says R3, the trade body for restructuring specialists and liquidators that decide who gets what when a company fails. The government hasnt thought through the total impact on lending…
Personal insolvencies totalled 12,779 from 10,602 in 2017-18. Estimates for 2018-19 are provisional until final figures are published on 24 July 2019. Most of the increase was down to protected trust deeds (PTDs), which increased by 32.9% on the previous year, reaching 7,917 compared to 5,958 in 2017-18. Overall, the number of bankruptcies and PTDs…
Image copyright Reuters Image caption Inspectors found a string of environmental breaches at the HES site in Shotts. Clinical waste firm Healthcare Environmental Services (HES) has gone into liquidation four months after all of its staff were made redundant. Accountants BDO have been appointed to the Lanarkshire-based company which lost multi-million pound contracts with NHS…
Germanys Johs Thode has finally exited the shipowning business. The Hamburg-based shipowner is understood to have sold its last vessel, the 1,118-teu Hanse Fortune (built 2006). The container feeder vessel was the last of four vessels to be sold in the past few weeks. Details of the transaction remain unclear, but German financial sources said…