Reuters/Dubai Etihad Airways is urgently examining ways to avert a technical default of some $1.2bn 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 and other airlines it…
Official receiver says axe will fall on back-office roles but adds 919 jobs have been saved A worker guides down a sign showing the name of liquidated British construction and outsourcing group Carillion. Photograph: Daniel Sorabji/AFP/Getty Images At least 377 former Carillion staff will be made redundant, the Insolvency Service has said, as it sifts…
A former director of AMI and NRM, Mr Jacov Vaisman, was declared bankrupt yesterday with the Federal Court granting the ACCCs application for a sequestration order. The Courts order follows Mr Vaismans failure to pay the ACCCs costs amounting to $3,679,359.00 in proceedings brought by the ACCC against AMI and then NRM. The Court also…
The former director of a male sexual enhancement business has been declared bankrupt, after he was unable to pay costs for unconscionable conduct worth more than $3 million. Jacov Vaisman is the former director of Advanced Medical Institute (AMI) and its subsequent parent company NRM, which provided services for the treatment of men suffering from sexual…
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…