The chemical company at the centre of two industrial fires in Melbourne’s west, including one that left a worker dead, has collapsed owing creditors more than $5.3 million.

Reports from liquidator SV Partners into the failed ACB Group suggest the site of its factory remains an ongoing fire hazard, stating the EPA advised it posed “significant risk to human health and the environment”.

The first fire at the Derrimut site in 2023 killed a 44-year-old factory worker, while the second in July last year destroyed the company’s factory, sending a cloud of toxic smoke into the air and forcing residents in nearby suburbs inside for days.

Liquidator’s reports also reveal the suspected causes of the two fires, and a previously unreported threat to a…

Ted Peskett, local democracy reporter

A hospital in Cardiff confirmed its gym has closed because the company which ran it is going into liquidation.

The gym at University Hospital of Wales, called CMC Sports and Social Club, closed on Friday, January 31.

On social media, the gym, which was run by Cardiff Medical Sports and Social Club Limited, said it was closing “for staff training”.

However, a Cardiff and Vale University Health Board (UHB) spokesperson said: “We can confirm that the Sports and Social Club on the University Hospital of Wales site has closed its doors.

“It is proposed that the company running the club will…

If you haven’t been following along as we cover KTM’s current predicament, where have you been? For the uninitiated, KTM essentially screwed itself a couple years back, as Pierer Mobility AG—the company’s parent company—went on a spending spree that’d make a lottery winner blush. 

It bought everything, including new manufacturing facilities, new brands, and spent hundreds of millions on new motorcycles, parts, and gear. But it was all done at a time when the market was slowing down. When people stopped buying high-priced bikes and traded them for small-displacement, cheap motorcycles or just didn’t buy anything new altogether. KTM essentially shot itself…

Home ownership will be made easier for Australians with outstanding student debt after financial regulators promised to update their guidance on lending restrictions.

Regulators ASIC and APRA have agreed to clarify their guidance to lenders, along with reducing serviceability and reporting requirements in for HECS debts, at the request of Treasurer Jim Chalmers.

The “commonsense clarifications” would help more Australians into a home, Dr Chalmers said.

A Sussex celebrity’s financial future is looking brighter after one of her bankruptcy cases was resolved.

Katie Price was due to face questions over her finances on Tuesday at a hearing known as a public examination after first being declared bankrupt in 2019.

At the hearing, Insolvency and Companies Court Judge Sebastian Prentis lifted the suspension on the bankruptcy.

READ MORE: Katie Price lashes out at the press after court hearing

This means it will be discharged.

But a second bankruptcy order, made last year over an unpaid tax bill worth more than £750,000, still remains in place.

This could also be resolved if creditors make an application before another hearing in April.

The mum-of-five was not present at this latest hearing.

In…

Katie Price was due to face questions over her finances on Tuesday at a hearing known as a public examination after first being declared bankrupt in 2019.

At the hearing, Insolvency and Companies Court Judge Sebastian Prentis lifted the suspension on the bankruptcy.

READ MORE: Katie Price lashes out at the press after court hearing

This means it will be discharged.

But a second bankruptcy order, made last year over an unpaid tax bill worth more than £750,000, still remains in place.

This could also be resolved if creditors make an application before another hearing in April.

The mum-of-five was not present at this latest hearing.

In February last year, she was ordered to pay 40 per cent of her…

“If Lebanon were truly bankrupt, it would need to rise again through reforms, which we, as ministers and as a government, will work tirelessly to implement. As a state, Lebanon is responsible for protecting its sectors and all its institutions,” Aoun stated.  

He emphasized that loyalty should be to the state alone, not to any other entity and that ministers exist to serve the people, not the other way around. He noted that the government is committed to reforming and developing ministries, particularly in light of the strong international support Lebanon has been promised. He stressed that…

Katie Price is hoping to make a music comeback.
The 46-year-old former glamour model dabbled in a singing career in the years after she shot to fame as a topless model on Page 3 and while she hasn’t released any material since ‘Hurricane’ in 2019, she has been performing live recently and now it has been confirmed that there is “more to come” from her.
A spokesperson for Katie told The Mirror: “Kate loves singing and making music and she loves performing her favourite tracks for audiences… More to come on this.”
The news came on Monday (11.02.24), just hours ahead of Katie’s bankruptcy hearing.
She was first declared bankrupt in 2019 with debts of £3.5 million and she went through the same again in March 2024 after she was accused of…