An insolvency and restructuring firm has urged small business owners to be aware of heightened ATO activity as its debt book continues to grow. The ATO’s annual report, released on 31 October, revealed that the total tax-debt book had jumped from $86.1 billion to $101.4 billion from 2023–24 to 2024–25, marking the largest year on…
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A decision on whether Brittany Higgins will be declared bankrupt has been delayed due to a court technicality. Higgins and her husband, David Sharaz, have been ordered to pay Higgins’ former boss, former Liberal senator Linda Reynolds, upwards of $341,000 in damages and likely more than $1 million in legal costs after her defamation action…
A decision on whether Brittany Higgins will be declared bankrupt has been delayed due to a court technicality. Higgins and her husband, David Sharaz, have been ordered to pay Higgins’ former boss, former Liberal senator Linda Reynolds, upwards of $341,000 in damages and likely more than $1 million in legal costs after her defamation action…
Sonder goes bankrupt, blames Marriott International deal Proactive financial news Read the original article here
South Korea’s major e-commerce platform WeMakePrice has been declared bankrupt by the Seoul Bankruptcy Court, marking the end of its rehabilitation efforts after struggling financially for over a year. The decision came approximately 16 months after WeMakePrice filed for court receivership in July 2024 due to a large-scale unpaid settlement crisis that impacted thousands of…
A hiccup has delayed bankruptcy proceedings against Brittany Higgins for another week. The Federal Court was told former senator Linda Reynolds served a bankruptcy notice on Ms Higgins, but it was handed to her Perth-based lawyer, Carmel Galati. It was the first time the matter was heard in the Federal Court, and registrar Camille Goucke…
Brittany Higgins‘s life will drastically change if she is declared bankrupt. Her credit score will plunge, she will struggle to get a mortgage in her name or apply for a credit card, and will require permission to travel overseas. Bankruptcy proceedings against the former Liberal staffer were commenced by her old Parliament House boss, Senator…
Creditors Approve IDAGIO Insolvency Plan OperaWire Read the original article here
A former senator’s bid to discover where Brittany Higgins’ $2.4m compensation payout went after their bruising defamation battle has been frustrated by a bankruptcy paperwork glitch. The former Liberal senator Linda Reynolds successfully sued Higgins over a series of social media posts the former defence minister believed damaged her reputation. Reynolds was awarded damages of…