Someone approached me recently with an interesting question. When her father passed away, he owed a few bills, but he had very little money left in savings and no salable assets. She mentioned he was a very proud man, but with a limited fixed income of only social security, his monthly bills were managed with minimal…
With it looking increasingly likely that One Nations Malcolm Roberts could have his qualifications to sit in the Senate referred to the High Court, the question of who would replace him if disqualified has attracted attention. Senator Roberts problem is that he overlooked the fact he had British citizenship. Shortly before the election he tried…
The parent company of a franchised outdoor furniture business that lists 27 stores on its website has fallen into the hands of administrators, as insolvency experts say the rough start to 2018 for the retail sector is something everyone should have seen coming. Anthony Elkerton and Justin Holzman of DW Advisory were appointed as voluntary…
Brierty may have been insolvent nearly four months before it went under in early September, according to a disputed assessment by administrators. In their report to creditors, the administrators from KPMG said the civil contractor may have become insolvent on 16 May … but more likely by July 1. However, KPMG noted that its assessment…
WA home builder Choice Livings decision to call in business recovery and insolvency specialists is bittersweet for would-be Caversham residents Geraldine and Jonathan Hinds. We were the first in October 2014 to buy a house block on our street, Mrs Hinds said. Ours is the last house on the street to be built. Everyone else…
Batteries Published on February 1st, 2018 | by James Ayre February 1st, 2018 by James Ayre The Electrovaya-owned subsidiary Litarion has entered into voluntary structured insolvency proceedings in Germany following a dispute with a landlord a new press release has revealed. The news follows on last years reveal that…
A director of a company that took advantage of men suffering sexual dysfunction has been declared bankrupt after failing to pay the consumer watchdog’s legal costs. Jacov Vaisman is the former director of the Advanced Medical Institute (AMI) and NRM, the company that bought AMI and continued to operate the business. The Australian Competition and…
MUMBAI: Bulge-bracket bidders for bankrupt companies are working overtime to ensure that they don’t fall afoul of the amended provisions of the bankruptcy law with Seema Jajodia, sister of Sajjan Jindal of the JSW Group and wife of Sandeep Jajodia, the promoter of Monnet Ispat, taking the extreme step of transferring her shares in the…
THE Australian share market is expected to start the day mostly flat, after US stocks gave up gains made earlier in the session. At 0730 AEDT on Thursday, the share price futures index was down four points, or 0.07 per cent, at 5,977. The Australian dollar on Thursday is lower, extending the losses that started…
DUBAI (Reuters) – Etihad Airways is urgently examining ways to avert a technical default of some $1.2 billion in bonds indirectly linked to the Gulf airline, sources close to the situation told Reuters. An Amsterdam-based special purpose vehicle called SPV Equity Alliance Partners (EAP) was set up in 2015 and issued two bonds for Etihad…