The directors of failed construction company Nicheliving have saved it from liquidation by buying it back despite being banned from holding a building licence. Directors Ronnie Michel-Elhaj and Paul Bitdorf are buying back their company after creditors agreed to a $2.7 million deal that will give them cents on the dollar for their debts. “The…
Video: Nicheliving directors save failed company from liquidation Nicheliving directors save failed company from liquidation We’re sorry, this feature is currently unavailable. We’re working to restore it. Please try again later. Dismiss Skip to sections navigationSkip to contentSkip to footer The directors of failed construction company Nicheliving have saved it from liquidation by buying it…
ATO tackles Glory owner for $946,880 The West Australian Read the original article here
Banxso’s Liquidity and Security Offer Raise Questions About Liquidation Motives MSN Read the original article here
Overview The pandemic has created significant financial and operating challenges for all Australian businesses. While interim government fiscal support measures, and temporary changes to the insolvency regime such as the six month suspension of insolvent trading liability for directors, have helped to calm the storm and delay mass new insolvency filings, the fiscal cliff is…
Introduction The Corporate Insolvency and Governance Act 2020 (the “Act”) came into force in June 2020. It introduced a number of temporary and permanent measures to restructuring and insolvency law which will affect creditors’ rights in the UK. The overarching objective of the Act is to promote the rescue of companies in financial…
German insurers are bracing themselves for significantly more payment defaults in the economic downturn and expect a noticeable increase in company insolvencies in 2024 and 2025. Trade credit and surety insurers will have to cover losses of almost one… Read the original article here
Nicheliving directors save failed company from liquidation MSN Read the original article here
Video: Nicheliving directors save failed company from liquidation Nicheliving directors save failed company from liquidation We’re sorry, this feature is currently unavailable. We’re working to restore it. Please try again later. Dismiss Skip to sections navigationSkip to contentSkip to footer The directors of failed construction company Nicheliving have saved it from liquidation by buying it…
ATO tackles Glory owner for $946,880 The West Australian Read the original article here