The man who led the turnaround at McGrath (ASX: MEA) will soon take the reins at another property company that has been battling for recovery – The Agency Group (ASX: AU1). The fast-growing company has today announced property industry veteranGeoff Lucas will start as group CEO next week on 29 March, working alongside managing directorPaul…
Article 0 Comments The Pennsylvania Commonwealth Court has approved the liquidation of Bedivere Insurance Company, formerly One Beacon Insurance Company, recognizing that the companys financial liabilities have exceeded its assets. Bedivere, a domestic stock property/casualty company based in Pennsylvania, has consented to the liquidation process, in which policyholder claims will be paid through the state…
NO liquidation appointment notices have been listed for businesses in the Sunshine Coast Local Government Area so far today. The total for the past year is 23. News Corp analysis of ASIC Insolvency Notices and ABN Lookup data shows the locations of company liquidations across the state. Queensland-based companies operating without an ABN were omitted…
The sale of assets as a going concern under liquidation is very similar to a Resolution Plan during the insolvency and resolution process. By Nitin Jain The main objective of the Insolvency and Bankruptcy Code 2016 (IBC) is to maximize value for the creditors. Keeping in line with this objective, the regulator through an amendment…
Qantas arguments, that the choice of jurisdiction was not clear had no link to Singapore and that a hearing in Australia would be more convenient to all, also faced derision. The choice of jurisdiction is clear, Justice Hammerschlag said. There is no challenge to the jurisdiction of Singapore … that the proceedings have to be…
NO liquidation appointment notices have been listed for businesses in the Ipswich Local Government Area so far today. The total for the past year is eight. News Corp analysis of ASIC Insolvency Notices and ABN Lookup data shows the locations of company liquidations across the state. Queensland-based companies operating without an ABN were omitted from…
The committee behind the JM Kelly Builder company liquidation is due to meet next week to discuss the recovery actions. The Rockhampton-based major building firm went bust in October 2018. At the time, JM Kelly had received the contract for the construction of Aldi and multiple workers walked off site. The liquidation saw the loss…
news, local-news, bexley bowling club, The Order of the Australian Hellenic Educational Progressive Association (AHEPA) NSW Inc, voluntary administration, cor cordis, administrators, creditors The Administrators of Greek community group, The Order of the Australian Hellenic Educational Progressive Association (AHEPA) NSW Inc, have paid a dividend to the majority of creditors to the sum of over…
Published 18 March 2021 Michael Reid Michael Reid, managing partner at Meston Reid & Co, gives his take on how changes to insolvency law could come into play for one key industry sector the fishing industry. Whether it is the continuing impact of Covid-19 or the more recently reported effects of Brexit, media comments proliferate…
WHAT is the future of Lithgow Aged Care? That’s the question that’s been circulating throughout the community for weeks and after Tuesday nights (March 16) meeting, there may be more questions to come. The Board of Lithgow Aged Care has elected to put the nursing home facility into voluntary administration. So what happens now? The…