What is the debate on personal guarantors in insolvency proceedings? – The Leaflet

The Supreme Courts recent judgment on the liability of personal guarantors when a company undergoes insolvency is a cautionary call to guarantors treading dangerous waters that will surely stir up a storm. A discussion on the effect of personal guarantees on a business debtor facing bankruptcy under the Insolvency and Bankruptcy Code, 2016 brings up…

Goldfields GP chain I-Medical Australia to push ahead with third clinic despite facing liquidation – ABC News

A country medical service facing liquidation has angered creditors by offering them 30 per cent of what they are owed to escape a half-a-million-dollar debt while pushing ahead with plans for a new clinic.  Key points: I-Medical Australia is facing liquidation after racking up almost half a million dollars in debt in three months Doctors who worked…

Okami Japanese all-you-can-eat restaurant chain plunges 16 outlets into administration in NSW, Victoria, ACT a – Daily Mail

By Ashley Nickel For Daily Mail Australia Published: 09:16 AEDT, 21 December 2023 | Updated: 09:16 AEDT, 21 December 2023 Popular all-you-can-eat Japanese restaurant chain Okami has put 16 of its stores in Victoria, New South Wales, South Australia and the ACT in voluntary admi… Read the full article at: https://www.dailymail.co.uk/news/article-12887225/Okami-Japanese-eat-restaurant-chain-plunges-16-outlets-administration-NSW-Victoria-ACT-South-Australia.html