THE depth of debt owed by the failed Sunshine Coast Pet Resort is yet to be confirmed as liquidators chase up a $169,000 loan from the business to directors Jack and Sam Brown. Ms Brown has indicated a total debt of more than $660,000 but liquidator Cameron Crichton has not put a final figure on…
The Centre has proposed to come out with a fresh set of regulations to prevent sick companies from going bust even if attempts to revive them fail during a resolution process under the Insolvency & Bankruptcy Code of India. The new guidelines will provide a detailed framework to salvage a debt-trapped firm during liquidation by…
The longtime abode of the flamboyant financier Jim Byrnes has hit the market in Bellevue Hill. It is the address where bullets were fired into the five bedroom family home in 2012 in a dramatic drive-by shooting. It last sold in 2004 when $4.5 million was paid by his wife, Gina. MORE: Nicole Kidman and…
The chairman of ailing government contractor Interserve has issued a stark warning that the company will run out of money and collapse into administration if shareholders do not back a rescue deal that will be put to them on Friday. The debt-laden company, which has thousands of government contracts to clean hospitals and serve school…
Former Bosasa chief operations officer Angelo Agrizzi looks through his files at the Commission of Inquiry into State Capture. Picture: Karen Sandison Johannesburg – The future is uncertain for Bosasa workers as the embattled company weighs its liquidation options after allegations of bribery and tender corruption surfaced at the Commission of Inquiry into State Capture.…
AN IPSWICH court has heard how a former treasurer left local, state and national pipe band associations reeling after swindling more than $200,000 While the stolen money was blown on poker machines, clubs including the popular Ipswich Thistle Pipe Band were unknowingly being pushed into financial crisis. This week the former treasurer, Katrina Stead, was…