What is South Australia's building indemnity insurance scheme and how does it work? – ABC News

These houses in Adelaide’s south may look abandoned, but in fact the group of 20 homes has never been lived in. Key points: South Australia has a mandatory building indemnity insurance scheme It is designed to protect home owners when issues arise with building work But some South Australian home buyers are falling through the cracks The…

Kashaya Williams: Bankrupt celebrity wedding planner flaunts her jet-set lifestyle and Louis Vuitton luggage – – Daily Mail

Kashaya Williams: Bankrupt celebrity wedding planner flaunts her jet-set lifestyle and Louis Vuitton luggage – despite owing hundreds of thousands in will row after trying to snatch her granddad’s house Fury erupts at bankrupt wedding planner’s luxury lifestyle Kashaya Williams seen lazing in the sun in tropical paradise Leaked video reveals Louis Vuitton luggage and…

ASIC bans directors for multiple company failures, $11.5m in debts – AccountantsDaily

ASIC has disqualified two unrelated directors for multiple company failures that left almost $11.5 million in debts including more than $9 million to the ATO. Athina Bragiannis of Preston, Victoria, has been banned for three and a half years for involvement in the failure of two property development companies, Cleveland Lodge Developments and Bellbird Estate…

Forensic audits gain pivotal role in insolvency landscape – Mint

New Delhi: Rising instances of bankruptcy actions by creditors under Indias Insolvency and Bankruptcy Code (IBC) against distressed companies are fuelling the growth of forensic audits, and signifies the increasing importance of such audits in providing evidence for court proceedings, said experts. Forensic auditors scrutinize financial records to unearth evidence, including irregularities, which are relevant…

Government seeks to reform bankruptcy laws – Seymour Telegraph

Sep 2, 2023 Attorney-General Mark Dreyfus says bankruptcy laws should serve debtors, while protecting creditors. -AAP Image The time allowed for a debtor to respond to a bankruptcy notice could be raised under reforms being considered by the federal government. Attorney-General Mark Dreyfus is seeking to overhaul the Bankruptcy Act, releasing a discussion paper outlining…

College files for bankruptcy after announcing intentions to close – The Daily Times

CHARLESTON A small, private university in West Virginia declared bankruptcy on Thursday, a month after announcing that it planned to stop operating. Alderson Broaddus University filed for Chapter 7 bankruptcy in U.S. Bankruptcy Court for the states northern district. According to the filing, the university estimated it had between $1 million and $10 million in…

Bankrupt ebike startup VanMoof finds buyer in F1's McLaren Applied – TNW

VanMoofers, rejoice the ebike gods have not abandoned you. Yesterday, McLaren Applied and its escooter department Lavoie announced they had agreed to purchase the bankrupt ebike startup.  The details of the deal have not been made public. However, the F1 engineering and technology company stated that it would invest in stabilising and expanding VanMoofs existing…