What is Cryptocurrency? Cryptocurrency (Crypto) is a virtual currency or a “digital asset” that was originally designed to work as a medium of exchange, much like the Australian dollar. Do I need to declare Crypto to my Bankruptcy Trustee? Yes. Like any other asset, a Bankrupt must disclose ownership or interest in Crypto to the…
Formal Insolvency Appointments William Buck Read the original article here
Mumbai: The Mumbai bench of the National Company Law Tribunal (NCLT) has admitted listed infrastructure development company SKIL Infrastructure under the corporate insolvency resolution process (CIRP) following an application filed by its financial creditor Amluckie Investment Company. The tribunal has also appointed Purusottam Behera as its resolution professional. “The moratorium shall have effect from the…
The latest Corporate Insolvency Index has revealed that while insolvencies are likely to remain at high levels for a while, more businesses are considering restructuring as an option. The 2024 financial year was a “wild ride” on the insolvency front with the ATO turbocharging its debt collection activities while economic headwinds such as the cost…
One of WA’s biggest and best-known residential building companies has collapsed, with Collier Homes collapsing into liquidation after more than 60 years in business. The Australian Securities and Investments Commission revealed on Tuesday that the company would be wound up, and that it had appointed Robert Brauer and Linda Smith from McGrathNicol as liquidators. Read…
Railcoop had been planning on relaunching services between Lyon and Bordeaux. Credit: trabantos/Shutterstock.com French open-access rail co-operative Railcoop has confirmed reports that it is likely to enter liquidation after a restructuring… Read the original article here
Companies liquidate after ‘shambolic’ roof installation Gold Coast Bulletin Read the original article here
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Modco co-founder’s entity in liquidation Business News Read the original article here