Bob Day replacement drama ongoing BOB Day creditors were on Thursday given a grim preview of what to expect at Fridays Adelaide meeting, when their counterparts in Sydney were told the NSW arm of the business owes $19 million and has just $150 in the bank. Homestead Homes creditors will gather at the Law Society…
One Nation senator Rod Culleton is expected to face a High Court challenge to his eligibility to run for parliament. Attorney-General George Brandis said in a statement on Wednesday the Senate would be asked to refer to the court whether the West Australian senator was eligible for election because a larceny conviction stood in May…
Creditors of a collapsed company of which One Nation Senator Rod Culleton is a director, have no hope of getting their money back, the liquidator says. The information is contained in a report to creditors of Elite Grains, written by PPB Advisory liquidator Jeff Herbert, and leaked to the ABC. “There will not be…
After announcing his resignation last month, then changing his mind, Family First Senator Bob Day has handed in his notice to the President of the Senate. The now-former South Australian Senator made it official via a statement, which said the major investor that had been examining his Home Australia business over the past fortnight had decided…
Every creditor of former senator Bob Day’s home building group except National Australia Bank is likely to come away with nothing, liquidators say. Liquidators for the Home Australia group met with creditors in Sydney and Melbourne on Thursday. “The information available to us suggests unsecured creditors will not receive any money,” McGrathNicol’s Matt Caddy said…
Bad news: Unsecured creditors at the Melbourne meeting of Family First Senator Bob Day’s failed home building business Home Australia were told they would receive nothing. Former senator Bob Day might have been targeted for ‘extortion’ as he tried to save his Home Australia business, according to a liquidators’ report. Mr Day first sought to…
After weeks in the wilderness, contractors and suppliers affected by the collapse of Home Australia are hoping for answers. Key points: Creditors’ meetings are being held to discuss financial situation of each Home Australia subsidiary Home Australia’s subsidiaries owe a total $37.7 million Those left out of pocket by the company’s collapse say they…
Post Newspapers Editor in Chief Fred Mmembe has come out of the woods to hit back at the High Court notice for the liquidation of the publication. Mmembe labelled the process corrupt and also said the employees in whose name the court action was taken left the company on their own accord without making any…
Alan Limb from BRI Business Recovery and Insolvency has been in touch following the closure of Ryde Arena. The Southampton Office of BRI Business Recovery and Insolvency have been instructed by the Directors of Ryde Arena Limited to assist them in placing the Company into Creditors VoluntaryLiquidation. Just a couple of weeks ago, hundreds formed…