Tax evader leaves $2 million trail of debt

By Steve Hepburn of Photo: ODT A tax-evading Southland school caterer has left a $2 million trail of debt after her company went bust. Debra Lee Monteith appeared in the Invercargill District Court on Tuesday and was sentenced to 11 months’ home detention on a single representative charge of aiding and abetting her company in…

Toys’R’Us ANZ Enters Voluntary Administration

Toys’R’Us ANZ Limited (ASX: TOY) has appointed Luke Andrews and Duncan Clubb of BDO Business Restructuring Pty Ltd as Voluntary Administrators, effective immediately. This decision comes after the company concluded that it could no longer pursue a solvent recapitalization plan, despite previous efforts and stakeholder support. The Board determined that the company is either insolvent…