Australian airline Bonza will be placed into liquidation just months after going into involuntary administration.

On Tuesday, administrator Hall Chadwick announced the news following a second meeting of creditors, where it was revealed that they “had not received any offers for the sale” of Bonza.

“The Administrators ran an extensive sales campaign involving numerous investors, other airlines and companies from the travel industry. The Administrators assisted these interested parties, allowing each party to conduct due diligence to help formulate any offer,” a statement given to Mumbrella reads.

“Unfortunately, the Administrators had not received any offers for the sale of the Company business and/or assets at the…

The MGM Grand have denied that Bruno Mars reportedly owes the casino $50million (£39million) in gambling debt.

Mars is set to enter his ninth year performing a residency in Las Vegas, however earlier this week saw News Nation report that the singer is paying off his debts to MGM.

A “well-placed Vegas insider” reported that Mars “owes millions” to them from gambling, alleging the total comes close to $50milion. “(MGM) basically own him,” they added.

They went on to say that Mars apparently makes $90million off the deal he makes with the casino, but after paying off his debts and taxes, takes home $1.5million per night.

Now, MGM have responded to deny the claims.

“We’re proud of our relationship with Bruno Mars, one of…

Booktopia has been placed in voluntary administration, with its administrators exploring options for selling and/or recapitalising the business.

The book retailer has appointed McGrathNicol Restructuring partners Keith Crawford, Matthew Caddy and Damien Pasfield as voluntary administrators, who issued a statement saying they are undertaking “an urgent assessment” of the company’s trading position.

The first statutory meeting of Booktopia’s creditors will be held on July 15.

The site continues to trade as normal as the administrators evaluate its financial position.

Booktopia asked for its share to be suspended from trading on June 23 as it pursued refinancing options. The suspension will continue during…

Bruce Chapman, economist & designer of HECS loan system, says the student debt relief will not do anything to inflation numbers, “nothing will happen because of this.”

Andrew Norton, ANU Professor in the Practice of Higher Education Policy questions if HECS debts should be pegged to the CPI or WPI, or if a different system need to be in place.

Hear more highlights from Money News with Deborah Knight below:

A FORMER Rugby World Cup winner and ex-England captain has been declared bankrupt – and his company has gone into liquidation.

Phil Vickery, who was part of the country’s triumphant Rugby World Cup winning team, has racked up “hundreds of thousands of pounds” in debt, a source claimed.

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Documents show the 48-year-old former tighthead prop owed his consultancy company nearly £100,000 before it went into liquidation in December last year.

Vickery then declared himself bankrupt…

MGM Resorts says its relationship with Bruno Mars is one of “mutual respect” and “Any speculation otherwise is completely false; he has no debt with MGM.”

Issued Monday, the statement answers a report Friday from media website NewsNation that the Park MGM headliner has rolled up gambling debts in the tens of millions. Citing an unidentified source, the publication alleged Mars had debts as high as $50 million from table games.

Responding to a request for comment, and MGM Resorts International rep emailed the statement:

“We’re proud of our relationship with Bruno Mars, one of the world’s most thrilling and dynamic performers. From his shows at Dolby Live at Park MGM to the new Pinky Ring lounge at Bellagio, Bruno’s…

Alyssa Luc and her partner Xuan Tri Mai are among many Australians who wish they hadn’t rushed into building a home.

It was the end of 2020 when the couple purchased a block of land in Catherine Field, a growth area suburb south-west of Sydney.

Their block cost about $500,000, and they spent another $700,000 to enter a contract with what they thought was a reputable volume builder.

The couple moved into their new home in July 2023 and, just days in, Ms Luc says they started finding alleged defects, starting with a blockage in their toilet.

“Think about the economy … think about the builders at the moment.

“I mean, they [people] can see that so many…

Last Friday, the Deputy Commissioner of Taxation took a building related company called ACN 152 259 839 Pty Ltd to the Federal Court calling for the business to be wound up on the grounds of insolvency.

The company has indicated it plans to legally challenge the move.

The company was previously called Maxcon Developments Pty Ltd and based in Victoria.

The tax office claims that this business had unpaid taxes dating all the way back to 2014 and that it owes a grand total of $22.88 million.

Maxcon Developments is now a shut down arm of Maxcon Constructions Pty Ltd, a major builder headquartered in Melbourne which completes…

Tens of thousands of women fleeing family violence are unable to get legal assistance each year, forcing them to represent themselves in court, incur huge debts to pay legal fees, agree to unfair parenting and child support arrangements, or stay in the abusive relationships.

Women fleeing domestic violence say their ex-partners can use the family law system to continue the abuse, sometimes for more than a decade, with partners deliberately running up their legal fees, delaying legal procedures, harassing them with excessive numbers of legal letters and causing them to be subject to bruising cross-examination in court.

Family lawyers have told Guardian Australia the system is broken and drastically underfunded and that women who cannot…

We first covered Blue Protocol, the stylized online action RPG developed by Bandai Namco Online, nearly five years ago. Back then, there was no assurance the game would ever launch in Western countries.

That changed in December 2022, when Amazon Games took the stage at The Game Awards to announce a publishing deal with Bandai Namco Online to bring the game to PC, PlayStation 5, and Xbox Series S|X outside of Japan.

Blue Protocol eventually got its debut in the Land of the Rising Sun on June 14, 2023. The Western version was delayed to 2024, but we haven’t really heard any more about it. In fact, Amazon Games continued to mention its publishing deal with NCSoft for Throne and Liberty (now set to launch on September…