Adelaide Wednesday May 01, 2019 Fighting fit Greens MP sidelined by major heart surgery More money needed for homelessness and mental health services: City Council Nyrstar repays $42 million to taxpayers as Lucas negotiates Call to rebuild lost tribute to Colonel William Light Adelaide biogas plant up and running … Read the full article at:…
The implementation of the Insolvency and Bankruptcy Code (IBC) may have given banks a major tool to deal with bad loans, but the latest numbers show only a 13 per cent resolution, with lenders having to take an average haircut of over 50 per cent. Numbers put out by the Insolvency and Bankruptcy Board of…
The members of the Blayney Bowling Club voted unanimously on Monday night to appoint an administrator to the club, officially ending the long and at times emotional demise of the club. Former club president Steve Chapman said that the meeting, that was only open to members, took 40 minutes to complete, and that it all…
A businessman and his mother have been restricted for five years from acting as directors of any company, unless it meets certain requirements, after the High Court found they failed to keep proper books and records for their liquidated hairdressing supplies and beauty treatments business. Warren Logan was executive director of Hairspray Wholesalers Ltd, Fashion…
About 13 percent of corporate insolvency resolution processes (CIRPs) until the end of March 2019 wereresolved, while 53 percent cases ended in liquidation, according to data from the Insolvency and Bankruptcy Board of India (IBBI). Average realisation by financial creditors as a share of claims was only 43 percent. In its report, the IBBI said…
Factory seconds appliance retailer 2nds World has collapsed after 35 years in business. The chain was placed into the voluntary administration of chartered accounting firm De Vries Tayeh on April 15. 2nds World has a long-running history, currently selling discounted appliances to retail customers and commercial clients. 2nds World is also a member of Australias…
KOLKATA: Banks would realise just about a quarter of their claims from 12 corporate debt resolution cases in the January-March period, dashing hopes for higher bad loan recovery in the last quarter of the fiscal. The lenders will receive merely 17% of the Rs 29500 crore dues from Alok Industries, raising doubts over the future…
Another Australian success story is facing a sharp plot-twist, with Ellery filing for liquidation and citing poor strategic decisions in its wake. Last week Ellery closed its Sydney-based production facility Elleryland after over a decade of manufacturing and exporting from Australia. In mid-April it closed its Sydney stores and made 22 staff redundant. I…
A BANKRUPT Zilzie company has had their block of land sold from under them as they racked up five years of unpaid rates. Ray White Yeppoon held an auction on behalf of Livingstone Shire Council last month for a 693m2 block of land at 85 Cocoanut Point Dr, Zilzie. There were originally 18 properties that…
Lawyer and client shaking hands. Source: Pexels Below is a list of the top and leading Bankruptcy Lawyers in Sydney. To help you find the best Bankruptcy Lawyers located near you in Sydney, we put together our own list based on this rating points list. This article is updated every 3-4 months. Sydneys Best Bankruptcy…