Property owners across Victoria have been left thousands of dollars short and demanding answers, after building company Watersun Homes was placed into voluntary administration. On Tuesday, insolvency firm Rodgers Reidy was appointed administrator for Watersun Homes, and said the company did not the funds to continue trading. 90 full-time staff have been told their services…
Australian businesses are set to experience an increase in insolvencies this year as a result of another difficult economic year, according to the recently-published Atradius Economic Outlook. The likely 2% increase in insolvencies puts Australia in step with the UK and Canada. The improving trend in the business environment across Australia and other advanced economies is…
Bad relationship between Christian Candy and brother’s wife revealed in court Emma Holyoake giving evidence in case brought by husband against Candys Said: Holly told me that Christian did not approve of her relationship with Nick’ By Rory Tingle For Mailonline Published: 12:17 +11:00, 1 March 2017 | Updated: 12:33 +11:00, 1 March 2017 e-mail…
Amendments to Singapore’s corporate debt restructuring legislation were tabled in Parliament yesterday, as the Government pushes to update the insolvency framework to help a growing number of ailing companies work out their debts in a weak economic climate. It is also part of efforts to position Singapore as a debt restructuring hub and augment its…
Cam Fortems Special to the Times An apprentice electrician who held up nine banks in three provinces, including in Aldergrove, during a two-month crime spree was sentenced Tuesday to seven years in prison. Shaun Cornish, 29, pleaded guilty to charges stemming from robberies in B.C., Alberta and Saskatchewan in late 2014 and early 2015. Prosecutors…
Commissioner Miller said the two companies have approximately 76,000 policyholders nationwide, with 9,000 residing in Pennsylvania. More than 98 percent of Penn Treaty and American Network’s policies are long term care insurance. Over the past several years, long term care insurance has posed significant challenges to insurers on a national level. The pricing of these…
Mark Bennett, head of agribusiness at ANZ, says the Australian farm debt equation is constantly evolving. AUSTRALIAN family farm debt is skewed heavily towards expanding farm businesses, with the majority of new debt growth going to businesses with loans in excess of $2 million said ANZs manager of agribusiness Mark Bennett. At the other end…
After eight years of legal struggle among state regulators, investors and policyholders, Commonwealth Court Judge Hannah Leavitt on Wednesday signed off on a plan to liquidate Penn Treaty Network America Insurance Co. and its affiliate American Network Insurance Co. of Allentown. That decision leaves solvent insurers, their owners and customers to pick up the cost…
Gomer Press staff ‘leave over restructuring process’ 1 March 2017 From the section Mid Wales Eight members of staff have left Gomer Press because of alleged discontent over a restructuring process, BBC Wales understands. A source said employees in the publishing department were told they must apply for new posts as their current roles will…
It is difficult to see the political or economic landscape changing in the short to medium term in order to alleviate the increasing cost pressures that restaurants now face. However, if advisers can be approached early enough, then careful pre-planning and an understanding of some of the legal and commercial complexities of this particular business…