Insolvency Guardian Media Centre
Received a Winding Up Order
It goes without saying that in a number of industry sectors, small businesses are “doing it tough†in Zetland
When you would think that some compassion and assistance may be offered, the tax office and government bodies in Zetland continue to be more aggressive by applying for company wind-up orders through the courts.
Once a company in has received a winding up order in Zetland the director must act quickly. Although the options are limited, one option is to place the company into voluntary administration.
Some recent data gathered from court insolvency records by suggests that 46% of wind-up order applications in insolvency cases between November 2016 and June 2017 came from the ATO, while 19% came from other government sources.
According to this data, over the past six months, 616 of the 1,391 companies that were liquidated as a result of a wind-up application came about after action from the tax office, while 289 companies were liquidated after action from a government agency.
Combined, 65% of liquidations that resulted from wind-up actions over the past six months involved a government body or the tax office, according to the collated statistics.
The ATO has previously stated that while the preference is to help companies address their tax debts in the first instance, it is prepared to move in on companies that don’t address unpaid debts in due time.
“For the minority of companies that don’t promptly address their tax debt, we take timely stronger action. This can include wind-up proceedings.”
So far this August, the ATO has made 142 applications to wind up companies, compared with 165 applications from other government bodies.
In August of 2016, the tax office applied to wind-up 257 companies, while there were 300 applications from government bodies.
At Insolvency Guardian we have seen the ATO maintaining an aggressive push on those companies that fail to meet their obligations. Of all the winding up orders issued, the ATO has the largest percentage of orders granted.
So what happens if your Company in receives a winding up order in Zetland? You need to get immediate advice from an Insolvency Practitioner without delay.
Call Insolvency Guardian Now for a free consultation on 1300 60 70 60.
Received a Winding Up Order
It goes without saying that in a number of industry sectors, small businesses are “doing it tough†in Zillmere
When you would think that some compassion and assistance may be offered, the tax office and government bodies in Zillmere continue to be more aggressive by applying for company wind-up orders through the courts.
Once a company in has received a winding up order in Zillmere the director must act quickly. Although the options are limited, one option is to place the company into voluntary administration.
Some recent data gathered from court insolvency records by suggests that 46% of wind-up order applications in insolvency cases between November 2016 and June 2017 came from the ATO, while 19% came from other government sources.
According to this data, over the past six months, 616 of the 1,391 companies that were liquidated as a result of a wind-up application came about after action from the tax office, while 289 companies were liquidated after action from a government agency.
Combined, 65% of liquidations that resulted from wind-up actions over the past six months involved a government body or the tax office, according to the collated statistics.
The ATO has previously stated that while the preference is to help companies address their tax debts in the first instance, it is prepared to move in on companies that don’t address unpaid debts in due time.
“For the minority of companies that don’t promptly address their tax debt, we take timely stronger action. This can include wind-up proceedings.”
So far this August, the ATO has made 142 applications to wind up companies, compared with 165 applications from other government bodies.
In August of 2016, the tax office applied to wind-up 257 companies, while there were 300 applications from government bodies.
At Insolvency Guardian we have seen the ATO maintaining an aggressive push on those companies that fail to meet their obligations. Of all the winding up orders issued, the ATO has the largest percentage of orders granted.
So what happens if your Company in receives a winding up order in Zillmere? You need to get immediate advice from an Insolvency Practitioner without delay.
Call Insolvency Guardian Now for a free consultation on 1300 60 70 60.
Received a Winding Up Order
It goes without saying that in a number of industry sectors, small businesses are “doing it tough†in Zilzie
When you would think that some compassion and assistance may be offered, the tax office and government bodies in Zilzie continue to be more aggressive by applying for company wind-up orders through the courts.
Once a company in has received a winding up order in Zilzie the director must act quickly. Although the options are limited, one option is to place the company into voluntary administration.
Some recent data gathered from court insolvency records by suggests that 46% of wind-up order applications in insolvency cases between November 2016 and June 2017 came from the ATO, while 19% came from other government sources.
According to this data, over the past six months, 616 of the 1,391 companies that were liquidated as a result of a wind-up application came about after action from the tax office, while 289 companies were liquidated after action from a government agency.
Combined, 65% of liquidations that resulted from wind-up actions over the past six months involved a government body or the tax office, according to the collated statistics.
The ATO has previously stated that while the preference is to help companies address their tax debts in the first instance, it is prepared to move in on companies that don’t address unpaid debts in due time.
“For the minority of companies that don’t promptly address their tax debt, we take timely stronger action. This can include wind-up proceedings.”
So far this August, the ATO has made 142 applications to wind up companies, compared with 165 applications from other government bodies.
In August of 2016, the tax office applied to wind-up 257 companies, while there were 300 applications from government bodies.
At Insolvency Guardian we have seen the ATO maintaining an aggressive push on those companies that fail to meet their obligations. Of all the winding up orders issued, the ATO has the largest percentage of orders granted.
So what happens if your Company in receives a winding up order in Zilzie? You need to get immediate advice from an Insolvency Practitioner without delay.
Call Insolvency Guardian Now for a free consultation on 1300 60 70 60.
LONDON, Aug 23 (Reuters) – Royal Bank of Scotland has settled a legal case with a businessman who alleged that the bank caused his business to go bankrupt after forcing him to take out interest-rate hedging products while manipulating the benchmark.
Stuart Wall had been suing the state-backed bank in a claim worth about 670 million pounds ($857.27 million) after the demise of his Opal Property Group, which collapsed into administration in 2013.
“The action has been settled without any admission of liability by the bank,” Wall’s lawyers Hausfeld said in a statement. “The terms of the settlement are confidential.”
RBS issued an identical statement.
Wall had previously alleged his business was mis-sold interest-rate swaps and was also …
Read the full article at: https://www.reuters.com/article/rbs-legal-idUSL4N1L94L3
TWENTY-SIX stranded Melbourne seniors have been given a $25,000 lifeline from an Airlie Beach business owner after the sudden collapse of their tour operator.
Customers of Victorian-based companies Seniors Coach Tours, Young at Heart Holidays and Australian Air Holidays were told on Monday their trips had been cancelled because the parent company had gone into administration.
Returning from a trip to Hamilton Island, midway through what was supposed to be the holiday of a lifetime, the group was told by their coach driver to fend for themselves.
In stepped John Carey, owner of Colonial Palms Motor Inn, who put the despairing seniors up free of charge, including meals and transport to their flight on Thursday.
“It’s about $25,000 I’m los…
Read the full article at: https://www.whitsundaytimes.com.au/news/seniors-abandoned-agent-goes-belly-up/3215547/
I have always thought that education should be free. For Britain to become the template of modernity in a fast-changing globalised world, we need a highly skilled and educated workforce. So asking young people to take on huge amounts of debt to help secure our collective future seems unfair. Asking them to take on huge amounts of debt to pay for the bloated pay of senior university staff is therefore entirely unacceptable.
That is why I resigned from the advisory board of the University of Bath yesterday. As the MP for Bristol North West I represent many current and future Bath students and their families, which is why I held the ex officio role to begin with. Students take on tens of thousands of pounds of debt to pay for their edu…
Read the full article at: https://www.theguardian.com/commentisfree/2017/aug/23/resigned-vice-chancellors-pay-student-debt-university-of-bath
In his new capacity he will also be consulting Davis Cup players as well as all top German players, as the former powerhouse looks to reduce the gap with strong tennis nations.
A former world number one who won six grand slams as a player, Becker was also a former Davis Cup coach for Germany from 1997 to 1999 but had an uneasy relationship with the federation.
He won 49 singles titles overall, two Davis Cup crowns and also clinched Olympic doubles gold with Michael Stich at the Barcelona Games in 1992.
“Tennis is a matter of the heart for me. It is what I can do best,” Becker told reporters. “I don’t need to talk about my achievements as a player and I am proud of my accomplishments as coach.
“I love this sport. I love…
Read the full article at: http://www.sbs.com.au/news/article/2017/08/23/boris-becker-lead-german-mens-tennis-back-success
NEW YORK–(BUSINESS WIRE)–International law firm Proskauer announced today the arrival of
corporate partner Brian S. Rosen in the Firms Business Solutions,
Governance, Restructuring & Bankruptcy Group (BSGRB) in the New York
office.
We are delighted to welcome Brian to the team, said Proskauers BSGRB
co-head Jeff Marwil. Brian is a real talent and leader in representing
debtors, creditors and acquirors in distressed situations and will be a
great asset to our thriving business.
Mr. Rosens practice focuses on Chapter 11 and out-of-court debt
restructurings, acquisitions of distressed companies and assets and
matters relating to…
Read the full article at: http://www.businesswire.com/news/home/20170823005132/en/Proskauer-Bolsters-Business-Solutions-Governance-Restructuring-Bankruptcy
Homebuyers in Jaypee Infra projects are required to fill up forms to register their claims for the corporate insolvency resolution process against the company by Thursday. Photo: Ramesh Pathania/Mint
New Delhi: The Supreme Court on Wednesday agreed to hear a public interest litigation by a homebuyer seeking a stay on an August order passed by the Allahabad bench of the National Company Law Tribunal (NCLT) which initiated insolvency proceedings against Jaypee Infratech Ltd.
Jaypee Infratech Ltd is a subsidiary of Jaiprakash Associates.
Homebuyers in Jaypee Infra projects are required to fill up forms to register their claims for the corporate insolvency resolution process against the company by Thursday.
The matter was brought by Chitra Sha…
Read the full article at: http://www.livemint.com/Politics/E8qIIHjyMLXFrilsnG4liM/Supreme-Court-agrees-to-hear-PIL-on-NCLTs-insolvency-order.html
“Boris Becker will be head of men’s tennis effective immediately and in this position he will be in charge of the entire men’s game,” Ulrich Klaus, the president of the DTB, told a news conference.
Klaus said Becker would also have a consulting role in the Davis Cup team.
A former world number one who won six grand slams as a player, Becker was also a former Davis Cup coach for Germany from 1997 to 1999 but had an uneasy relationship with the federation.
He won 49 singles titles overall, two Davis Cup crowns and also clinched Olympic doubles gold with Michael Stich at the Barcelona Games in 1992.
But German men have not won a grand slam singles title since Becker’s 1996 Australian Open victory and the last German man to…
Read the full article at: http://www.sbs.com.au/news/article/2017/08/23/boris-becker-appointed-head-german-mens-tennis
Former world No.1 and Wimbledon champion Boris Becker has been given the task of revitalising men’s tennis in Germany, the governing body DTB confirmed on Wednesday.
“I am very happy to be able to announce that the DTB has reached another milestone,” DTB president Ulrich Klaus told a news conference in Frankfurt.
“Boris Becker will immediately take over the function of head of men’s tennis and be responsible for the whole men’s side.”
Becker will be tasked with improving Germany’s position in the Davis Cup while setting direction in youth development.
Barbara Rittner, the Fed Cup captain, is take on the same role in the women’s side of the game.
Becker, who won six grand slams as a player, was also a former Davis Cup…
Read the full article at: http://www.sbs.com.au/news/article/2017/08/23/becker-new-mens-chief-german-tennis
Shares in liver cancer treatment developer Sirtex Medical have plunged after it ended a challenging year with a $26.3 million loss.
Sirtex said a previously announced $90.5 million writedown in the value of its clinical and research and development assets led to the loss, along with restructuring costs.
Excluding those one-off items, slowing sales growth contributed to a 21 per cent drop in underlying profit to $42.4 million in the 12 months to June 30 – the first fall since 2010/11.
Sirtex said it had a 5.4 per cent lift in global sales of doses of its core technology, a radiation therapy for liver cancer.
However sales growth in its largest market of America slowed to 4.6 per cent.
The company says referrals for the technology declined as c…
Read the full article at: http://www.news.com.au/finance/business/breaking-news/sirtex-shares-drop-on-26-million-loss/news-story/de677f3b0e1212f56f317e1ef4c6d8a3