A Melbourne conman who had false debts entered against his enemies, which he then used in a bid to fraudulently bankrupt them, has been has been sentenced to eight years’ and one month jail.
Antonio Dattilo, 44, initiated civil proceedings against 10 people he had grudges against, including his own family members, to have debt judgements entered against them.
He was required to serve them with a writ to make them aware of the court proceedings. …
Read the full article at: http://www.abc.net.au/news/2018-07-25/antonio-datillo-sentenced-perverting-justice-perjury/10032794
A bankrupt property investor is hoping to sell his grade II listed mansion for £28 million.
Kevin Cash, who built a £500 million global property empire, put North Aston Hall on the market after being declared insolvent at Oxford county court last Friday.
The Jacobean-style mansion is set in 194 acres (790,000 sq m) of Oxfordshire countryside. It includes an orangery, a roof terrace with conservatory, an 18th-century wine cellar and 11 bedrooms.
The property also has landscaped gardens and a leisure complex with a swimming pool, tennis court and billiards room. Two farm buildings and four guest houses bring the estates total number of bedrooms …
Read the full article at: https://www.thetimes.co.uk/article/bankrupt-investor-kevin-cash-sells-28m-mansion-3r7j88638
A candidate running in the Braddon by-election was declared bankrupt in 2008 and is unlikely to be eligible to sit in parliament.
Court records show Australian People’s Party candidate Bruno Strangio was declared bankrupt a decade ago – undischarged bankrupts are ineligible to sit in parliament.
Mr Strangio was one of 13 candidates across five by-elections who refused to sign optional forms setting out how they are eligible to enter parliament if they win.
Comment is being sought from Mr Strangio.
© AAP 2018
Read the full article at: https://www.9news.com.au/national/2018/07/25/09/43/braddon-candidate-was-declared-bankrupt
The major bank is expected to deliver a $9.9 billion cash profit when it reports its earnings next month, but major regulatory changes and demerger plans are muddying the forecast.
CBA will deliver its fiscal 2018 results on 8 August, which Morningstar analyst David Ellis anticipates will be messy.
We forecast an underlying $9.9 billion cash profit and fully franked dividend of $2.30 per share, taking total franking dividends to $4.30 per share, Mr Ellis said.
Morningstar has excluded the one-off $700 million AUSTRAC fine from its forecast. The analyst noted that while CEO Matt Comyn continues to impress as he works through important roadblocks at CBA, there remain plenty of challenges ahead.
Major regulatory changes, business restructuring,…
Read the full article at: https://www.mortgagebusiness.com.au/breaking-news/12479-cba-results-will-be-messy-morningstar
The North Gauteng High Court on Tuesday granted an order for the provisional liquidation of the company that owns The New Age newspaper.
This after Mzwandile Manyi and his company Afrotone Media Holdings made an application at the court last week.
Manyi argued that the company was commercially unviable.
Manyi bought the company from the controversial Gupta family last year and had just rebranded The New Age newspaper to Afro Voice. Last month the newspaper closed down.
But majority of the employees are opposing liquidation of the company and they are arguing that the company is not commercially insolvent.
On Tuesday they approached the court opposing the liquidation but ended up agreeing…
Read the full article at: https://www.timeslive.co.za/news/south-africa/2018-07-24-court-grants-provisional-liquidation-to-former-gupta-owned-newspaper/
A candidate for the upcoming Braddon by-election would likely be ineligible for office under section 44 of the constitution because he is an undischarged bankrupt.
The vote will be held on July 28 as part of the “super Saturday” by-elections being held around Australia after federal MPs in four states, including Braddon Labor MP Justine Keay, resigned due to breaches of Section 44 of the Constitution.
Documents from the Australian Financial Security Authority (AFSA) reveal Australian People’s Party candidate Bruno Strangio has been an undischarged bankrupt since…
Read the full article at: http://www.abc.net.au/news/2018-07-25/braddon-candidate-could-be-ineligible/10030920