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The Australian government’s debt forgiveness pledge featured strongly among the cost of-living measures it has credited for its resounding victory in the 3 May election.
The governing Labor Party has increased its majority while the Liberal-National party opposition lost a swathe of sitting members, including its leader.
Like Canadian conservative leader Pierre Poilievre five days earlier, Peter Dutton lost his seat in a campaign overshadowed by external events. Pollsters had tipped a Labor victory, reasoning that voters would seek the stability of incumbency amid the global uncertainty of President Trump’s trade war.
But analysts said the Trump effect should not be overestimated in a poll that appeared likely to consign the…
ENGLAND rugby star Lawrence Dallaglio faces being declared bankrupt in a bitter divorce battle.
Estranged wife Alice has filed a bankruptcy application against him and his firm Lawrence Dallaglio Limited, which is already in voluntary liquidation.
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Lawrence Dallaglio faces being declared bankrupt in a bitter divorce battle with his estranged wife AliceCredit: Getty
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Dallaglio is divorcing from his wife after almost two decadesCredit: Getty
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They married in 2005 after dating for almost ten yearsCredit: Getty
A hearing has been listed for Tuesday at London’s Bankruptcy Court after papers were submitted on Friday.
The move comes just months after Lawrence and Alice, both 52, appeared at the Central Family Court in Holborn to finalise their…
ENGLAND rugby star Lawrence Dallaglio faces being declared bankrupt in a bitter divorce battle.
Estranged wife Alice has filed a bankruptcy application against him and his firm Lawrence Dallaglio Limited, which is already in voluntary liquidation.
5
Lawrence Dallaglio faces being declared bankrupt in a bitter divorce battle with his estranged wife AliceCredit: Getty
5
Dallaglio is divorcing from his wife after almost two decadesCredit: Getty
5
They married in 2005 after dating for almost ten yearsCredit: Getty
A hearing has been listed for Tuesday at London’s Bankruptcy Court after papers were submitted on Friday.
The move comes just months after Lawrence and Alice, both 52, appeared at the Central Family Court in Holborn to finalise their…
The agency representing some of Australia’s leading comedians has gone under, leading some clients to complain they are owed substantial sums.
Liquidators for the talent management company Junkyard Artist Management and the production company West Street Sports were appointed on Monday. Junkyard managed some of the country’s top comedians, including the 2022 Edinburgh Comedy Festival winner Sam Campbell and Fisk actor Aaron Chen.
Its founder and director, Craig Ivanoff, appears to have gone to ground.
“My [management company] went bankrupt out of absolutely nowhere,” standup comedian Lewis Garnham posted on Instagram.
“He hasn’t even spoken to me yet.”
In September, a project by Ivanoff’s West Street Sports was one of three…
The news of the firm’s collapse was the latest blow to the industry in Stoke-on-Trent, a place affectionately known as The Potteries.
Heraldic Pottery in Newstead also announced liquidation in February and that followed the closure of Dudson in 2019, Wade in Longton two years ago and Johnson’s Tiles in 2024.
Speaking of the challenges ahead, Mr Rickards added: “The pottery industry is in a perilous state and we’re at the position where the questions are being asked of the government ‘what are they going to do?’
“We’re paying higher energy costs than our European neighbours and we’re competing with China and other parts of Asia where…
The National Company Law Appellate Tribunal (NCLAT) New Delhi bench of Justice Ashok Bhushan (Judicial Member) and Mr. Arun Baroka (Technical Member) has held that when a creditor is well aware of the initiation of the Corporate Insolvency Resolution Process (CIRP) against the corporate debtor but chooses not to file a claim before the Resolution Professional, it cannot be permitted to submit the claim after the Resolution Plan has been approved by the Committee of Creditors (CoC).
Brief Facts:
An Agreement dated 29.05.2015 was entered between United News of India and the Appellant where T.C.A. Surveyors & Advisors Pvt. Ltd.(Appellant) was chosen to develop various properties of United News of India situated in different…
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True Value, a 75-year old hardware store brand, has filed for bankruptcy and is selling substantially all of its operations to a rival, the company announced Monday.
In a press release, True Value said it will continue day-to-day operations of selling hardware and other homeware tools to its 4,500 independently operated locations during the Chapter 11 process, which includes a $153 million stalking horse bid from rival company Do it Best.
True Value said its stores will remain open, because they are not part of the bankruptcy proceedings.
JSW Steel may be forced to write off its ₹19,700 crore investment in Bhushan Power & Steel Ltd (BPSL), after the Supreme Court declared the 2021 acquisition illegal and ordered the company into liquidation. The decision caused JSW shares to fall 5.5% on Friday to ₹972.15, and could potentially shave off 10–15% of the company’s production capacity and around 10% of its consolidated EBITDA.
JSW Steel had acquired BPSL as part of its aggressive expansion plan and invested ₹3,500–4,500 crore post-acquisition to expand capacity from 2.75 MT to 4.5 MT. Plans were in place to raise it to 10 MT by 2030–31.
CLSA noted BPSL accounts for 10–11% of JSW’s FY25–27 EBITDA and highlighted the $800/tonne investment made for 3.5 MT…
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Bergen, Norway, 03 April 2025 – Norwegian deep sea mining company, Loke Marine Minerals, owner of UK deep sea mining company, UK Seabed Resources (UKSR), has declared bankruptcy.
Loke had dreams of becoming the world’s largest deep sea mining company, holding licenses in the Pacific as well as setting their eyes on the Arctic. Now, their deep sea mining dreams have been shattered. UK Seabed Resources holds two UK government sponsored deep sea mining exploration licenses which together cover an area of the Pacific larger than England.
In November last year, Loke Marine Minerals pleaded for new investors but recognised that they were struggling. The reason: their potential investors “were not immune” to the…
