NEW DELHI: Small borrowers with annual income up to 60,000 are likely to get automatic relief for any unsecured loans they are unable to repay, according to a new scheme for personal insolvency resolution that the government has prepared. The new scheme that will replace colonial era laws dealing with personal bankruptcy will also give…
A FEDERAL agency chased a Gladstone man for nearly two years to fill out a form a magistrate said would take just five minutes. Former business owner Michael Rodney Stark pleaded guilty in Gladstone Magistrates Court last week to one count of fail to make out and file statement of affairs and furnish a copy…
Barred promoters may soon have legitimate means to regain control of their insolvent assets at the liquidation stage if recent proposals of the Bankruptcy Law Reform Committee are accepted. And while on the face of it this seems contrary to section 29A of the Insolvency and Bankruptcy Code, 2016, experts believe otherwise, pointing out that…
Adelaide Friday May 10, 2019 Call for city councillors to declare developer contact End of coal era with sale of Port Augusta power plant site Cunning Little Vixen brings to life an enchanted forest Like a fine wine Inside the other May election that will help shape the future EXCLUSIVE | An accused phoenix dev……
A UK government review published on the 9th May has recommended Britain sets up a Flight Protection Scheme. The scheme would see all air passengers paying a 50p levy to finance their repatriation should their airline go bust. The Flight Protection Scheme would get you home if your airline goes bust. Photo: Pxhere Air passengers…
Defence lawyers sought on Thursday to poke holes in an expert witnesss conclusion that Sean Dunne was effectively insolvent as of late 2007. This is the fourth day of the once-high-flying property developers American civil trial. The plaintiffs claim that Mr Dunne was insolvent by the late 2000s is key to proving his allegation that…
Image copyright Getty Images Image caption Craig Hughes, from Luton, removed three coaches without the permission of liquidators in August 2017 A coach company boss who hid three coaches from liquidators has been banned from promoting, forming or managing a company for nine years. Craig Hughes, 27, from Luton, was director of HL Tours, a…
According to the minutes, Sidway (previously called Merhis Contracting) held the contract to build Stacey Apartments, a $78 million-development of 146 units at 196 Stacey Street, Bankstown, which was completed last year. The Sidway minutes also contain the assertion from Mr Hathway, managing director at corporate insolvency firm Helm Advisory, that “members of the Merhis…
Craig Andrew Hughes (27) of Luton was the registered director of HL Tours Limited from July 2013. Based in Bedford, the company provided private hire coach services catering to schools and private clients. However, the company could not pay its debts and entered into a Creditors Voluntary Liquidation (CVL) in October 2017, owing its creditors…
LATEST:A DEBT in excess of $1.7 million to the Australian Taxation Office led to Supercuts Hairdressing Salons being placed in voluntary administration by its shareholders. Staff at the 13 Queensland stores and one in Canberra, were told in the early hours of May 7 their stores would close by the appointment of liquidators and their…