NT reports highest gains but Darwin sees biggest reduction in debtors. Areas of regional Australia have recorded significant increases in the number of individuals entering into personal and business-related insolvency. The Australian Financial Security Authority (AFSA) has released regional personal insolvency statistics for the June quarter 2016. There was an 11% nationwide increase in the…
The common statement of policy principles was adopted Monday on the opening day of the Democratic National Convention in Philadelphia. Here are its key points: The one percent Echoing a central message of the Clinton campaign — “stronger together” — the document’s preamble also makes a forceful case against wealth inequality and adopts phrasing used…
In a twisted case of impending debt, the Italian court in Pesaro declared motorcycle maker Benelli as bankrupt in a ruling after the company failed to settle its dues with a component maker. The court order was made despite the fact that the bike maker offered to pay his debt to the company and claimed…
Benelli were declared bankrupt despite the company’s insistence it isn’t Related stories Tuesday, 26, Jul 2016 10:57 by Joe Jeffrey Court declares manufacturer bankrupt despite company’s insistence they’re not An Italian court has taken the step of declaring motorcycle manufacturer Benelli bankrupt in a ruling which followed the company failing to pay a debt to…
The final remaining unrated professional indemnity insurer has been ordered to stop writing any new business after suffering a financial collapse. The Gibraltar Financial Services Commission said today it has intervened in the operations of Enterprise Insurance Company PLC after being informed that the business was insolvent and unable to secure additional funding. Advertisement Enterprise was…
Smart Company 17 June 2016 An event company that had sold tickets to a series of motivational seminars with actress Reese Witherspoon has collapsed into voluntary liquidation. Stanley Morgan Accountants were appointed as external managers to the The Simpatico Connection Pty Ltd, organisers of the Simpatico Connection Conference, this afternoon. The Simpatico Connection had…
Smart Company 16 June 2016 The company behind the popular baby sling brand, Hug-a-Bub, has collapsed into voluntary administration. Hug-a-bub Australia Pty Ltd, which was incorporated in 2001, has temporarily ceased trading and is not currently taking orders, after appointing Brendan Nixon of Stanley Morgan Accountants as voluntary administrator on June 13. The New South…
The Sydney Morning Herald 16 June 2016 Here’s why the maker of a popular brand of baby carriers has collapsed into administration. The maker of a popular brand of baby slings and carriers has collapsed into voluntarily administration under the weight of mounting debts. Hug-a-Bub makes baby carriers, wraps and slings from organic materials,…
The Daily Telegraph 16 June 2016 THE maker of a child sling described as the “Mercedes of Baby Carriers” has gone into voluntary administration due to mounting debts. Byron Bay based Hug-a-Bub, which makes baby carriers, slings and wraps was forced to call in administrators on Monday after it was declared insolvent. The company was…
SBS News 24 July 2016 After controversial beginnings in March and protests in April, the restaurant named Uncle Ho have closed down for company in liquidation. Read the entire article: http://www.sbs.com.au/yourlanguage/vietnamese/en/content/uncle-ho-restaurant-brisbane-closed-down-liquidation