Stay informed with the latest in insolvency news and industry updates. We can keep you up to date with insolvency and finance information from around the world.
Above: Kingman were major winners at the 2022 HP ASGA Awards
With more than 100 years of sign writing history, the most awarded sign company in Australia could by liquidated within days.
Administrators for WA-based signage company, Kingman Signs, are expected to recommend liquidation at the second creditors meeting scheduled to be held on 5 March.
Kingman Signs operated for almost four decades and the employment of up to 70 employees remains unknown after the company went into voluntary administration on 29 January with John Bumbak from KordaMentha appointed.
In documents obtained by Sprinter, Bumbak has told creditors on 5 March they will decide on the future of the business, but “a Deed of Company…
The company behind the Coles and Woolworths soft plastics recycling program has been declared insolvent after failing to pay storage fees for the thousands of tonnes of plastics it secretly stockpiled around the country.
RG Programs and Services Pty Ltd, which trades under the name REDcycle, was wound up by order of the NSW Supreme Court on Monday morning and a liquidator has been appointed to take control of the failed business.
REDcycle bins were placed inside nearly 2000 Coles and Woolworths supermarkets before the program collapsed.
But the financial collapse of REDcycle will not affect the rescue plan launched last week by the supermarket giants to take control of the 12,400 tonnes of plastics found inside 32 warehouses in NSW,…
“By backdating this reform to last year, we’re making sure that apprentices, trainees and students affected by last year’s jump in indexation get this important cost-of-living relief,” Skills and Training Minister Brendan O’Connor said in a statement.
“The individuals who paid Mr Scholz for his tips, to attend seminars or access private online forums, as well as those individuals who purchased shares based on his recommendations or statements of opinion, did not have the benefit of these protections.”
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.
Corporate insolvencies in England and Wales climbed to their highest level since the global financial crisis in the six months to September as businesses grappled with high borrowing costs and slowing demand, according to official data.
Insolvency Service data on Tuesday showed that between July 1 and September 30 there were 6,208 registered company insolvencies in England and Wales.
The level was up 10 per cent year-on-year and only 2 per cent down from the previous quarter when it also hit a new peak since the financial crisis.
The rise in insolvencies reflected the ending of government Covid-19 support schemes,…
On April 17, 2024, key stakeholders gathered at the IMF-World Bank Spring Meetings in Washington, D.C., to discuss the complex interrelation of debt, climate action, and development. Organized by E3G in collaboration with IIED, the Wilson Centre’s Brazil Institute, CONCITO, and CPI, this event provided a platform for a comprehensive dialogue on the intertwined issues of current debt stock and liquidity constraints impacting nations’ resilience.
The discussion, held under the Chatham House rule, emphasized the urgent need for tailored diagnostic tools, bold solutions outside the slow-progressing Common Debt Framework, and innovative financial instruments integrating climate considerations. The G20 Brazilian Presidency’s priorities,…
Investors who tipped in $11.4 million earmarked for residential property projects are being left largely empty-handed after property developer Greg Shaw was declared bankrupt on Thursday.
More than 130 investors tipped $14.1 million into projects across NSW, Queensland and Victoria after a marketing blitz run by self-styled property mogul Sasha Hopkins on Facebook in 2021.
Emerging Energy Solutions plunges in liquidation owing $86 million
Emerging Energy Solutions plunges in liquidation owing $86 million
At least a dozen South Australian solar installers have lost tens of thousands of dollars in an alleged rebate rort, 7NEWS can reveal. The company at the centre of the scandal, Emerging Energy Solutions, has gone into liquidation owing creditors across the country more than $86 million. Clayton Solar and Electrical in Adelaide is among those counting the cost.
VATICAN CITY (CNS) — In the Hebrew Scriptures, God commanded his people to observe a jubilee as a time to restore their relationships with God, with other people and with the land.
Especially since St. John Paul II proclaimed the Holy Year 2000, part of the Catholic Church’s jubilee efforts to repair those relationships has included working for the forgiveness or just restructuring of the foreign debt of the world’s poorest countries.
Proclaiming the Jubilee 2025, Pope Francis appealed to the world’s wealthiest nations to “acknowledge the gravity of so many of their past decisions and determine to forgive the debts of countries that will never be able to repay them.”
