The newly appointed administrators of NQR have moved to reassure staff and customers its Kangaroo Flat store is operating as usual as they begin a search for buyers. The grocery clearance company offers dramatic savings on weekly shopping bills and has 24 stores across metropolitan Melbourne and country Victoria. Last week it entered administration and appointed Bruno Secatore and Luke Targett…
Home builder Choice Living Homes WA has gone into administration, calling in insolvency and business recovery specialists Cameron Shaw and Richard Albarran. Choice Living appointed external administrators Hall Chadwick yesterday, days after WAs building watchdog declared it had suspended Choice Livings registration. Last Thursday, Building Commissioner Ken Bowron declared the authority had suspended the registration…
The newly-appointed administrators of NQR have moved to reassure the staff and customers of the Kangaroo Flat store is operating as usual as they begin a search in earnest for buyers. The grocery clearance company offers dramatic savings on weekly shopping bills and has 24 stores across metropolitan Melbourne and country Victoria. Last week it entered administration and appointed Bruno…
Bankruptcies, debt agreements and personal insolvency agreements all rose in the final quarter of 2017, according to new data. The Australian Financial Security Authority (AFSA) has reported that there were 7,578 new personal insolvencies in the December quarter up 7.4 per cent on the previous year. Breaking down the numbers, those 7,578 insolvencies included: 4,029…
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…
The poor standard of record-keeping will make the investigation more difficult, the Insolvency Service saidCARILLION The investigation into potential misconduct in the running of Carillion will be expanded to look at up to 169 directors across the failed construction company, MPs have been told. At the initial hearing of a Commons business and work and…
The combination of flatlining wages and big mortgages is driving up the number of people filing for bankruptcy. The Australian Financial Security Authority has revealed that bankruptcies and private debt agreements nationally and in WA are at their highest since the global financial crisis. But figures from NAB yesterday confirmed a different story for the…
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The number of individuals in the UK declaring insolvency has increased for the second year running, with a return to levels 99,196 people not seen since the post-2008 recession. Rates rose by 9.4% over the course of the year from a figure of 90,657 people in 2016. Since the economic recovery following the the 2008…