The level of Australian businesses going under appears to be stabilising, but firms are still becoming insolvent at record-high numbers. Restaurants and construction firms remain hardest hit in CreditorWatch’s monthly Business Risk Index, which found more than 14,000 businesses went bust in the 2024-25 financial year. But income tax cuts and government cost of living…
“Those payments left Special Gold unable to pay its debts, including tax liabilities, which in turn led to penalties and interest liabilities. The payments from the SBI account … appear to be in breach of the freezing orders,” the judge found. Thyge Trafford-Jones was appointed administrator of Special Gold on December 6, 2023, and six…
NCLAT Fortnightly: Important orders on IBC (May 1 – May 15, 2025) Bar and Bench Read the original article here
Ransomware and data extortion attacks are unfortunately becoming increasingly common (see for example, high profile attacks on Canva,1 Latitude Financial2 and recently the Legal Practice Board of Western Australia).3 These attacks typically involve a party (commonly referred to as a ‘threat actor’) accessing and encrypting a company’s systems, and/or exfiltrating (stealing) personal and commercially sensitive…
Sasol warns of risk to Natref as partner enters business rescue News24 Read the original article here
Transport on the brink: Trucking companies collapse in record numbers The Australian Read the original article here
Customers pick the cheapest freight option for each direction, which brings down the overall price any one business can economically sustain. Image: jovannig/stock.adobe.com You can’t get blood out of a stone, so the driver in our lives tells us, yet the industry and society (or customer(s)) seem to expect it. Generally, the working population can…
Anil Ambani Named in Fraud Account by SBI; Rs3,000 Crore Exposure Confirmed by Govt in Parliament Moneylife Read the original article here
Luxembourg state makes offer to buy bankrupt Dudelange steel factory Luxembourg Times Read the original article here
Former EastEnders actress Martine McCutcheon is having a rough time of it of late, with the newly single star recently declared bankrupt for a second time 13:25, 22 Jul 2025Updated 13:25, 22 Jul 2025 Martine McCutcheon faces financial turmoil as she declares bankruptcy amid health struggles and high spending(Image: @martinemccutcheon/instagram) Former EastEnders actress Martine McCutcheon…