Over the last two years, the courts have overturned 78 decisions by creditors to refuse personal insolvency arrangements for those in severe debt and at risk of losing their homes. There are a further 500 cases in the pipeline, according to Justice Minister Charlie Flanagan. In November 2015, the section 115a court review process came…
Grocery delivery service Aussie Farmers Direct will close immediately after falling into voluntary administration today, with administrators saying more than 100 franchisees and 260 staff will be affected by the collapse. The company launched in 2005 as a home delivery service for dairy and juice products across Victoria, before expanding to Queensland, New South Wales,…
Over the last two years, the courts have overturned 78 decisions by creditors to refuse personal insolvency arrangements for those in severe debt and at risk of losing their homes. There are a further 500 cases in the pipeline, according to Justice Minister Charlie Flanagan. In November 2015, the section 115a court review process came…
MCDONALDS has taken Alex Batarseh to the cleaners. The young Sydney man is locked in a David and Goliath battle with the fast-food giant over the collapse of his cleaning business, which went into liquidation last year after his only client cancelled his contracts with less than 24 hours notice. The 29-year-old, whose mother passed…
As much as I want to worship myself as an exceptionally thorough and diligent investor the fact is Im still guilty of one basic investing sin: I haven?t adequately evaluated the CEOs and board of directors of some of the companies I own. I can understand if it sounds like a weak confession, but the recent high-profile…
CASH WOES Maureen Leslie, of MLM Solutions, was appointed to take control of the former Leicester City defenderss assets and debts FORMER footie ace Callum Davidson has been declared bankrupt with debts of £323,000. The ex-Scotland star, 41, went bust owing the taxman after investing in a controversial movie production scheme. Callum Davidson has racked…
IndusInd Bank Ltd. has invoked 6 crore pledged shares, which make up about 4.32 percent stake, of the crisis-hit Jaypee Infratech Ltd. These shares were held by Jaypee Infratechs promoter Jaiprakash Associates Ltd., which is the flagship company of debt-ridden Jaypee Group. The group is facing protest from homebuyers for significant delays in completing of…
SWISS Federal Railways (SBB) rail freight subsidiary SBB Cargo has revealed plans to substantially restructure its business operations over the next few years as it grapples with falling demand for wagonload services in Switzerland, which has led to significant losses. Currently, 90% of the wagons are handled through around half of SBB Cargos 344 service…
THE financial tables have turned in a dramatic way with more people going into insolvency in Noosa than Nambour, latest figures show. The Federal Government’s Australian Financial Security Authority has released the latest regional statistics for personal insolvency for the final months of 2017. Most regions saw a reduction in insolvencies in the December quarter…