A BANKRUPT Zilzie company has had their block of land sold from under them as they racked up five years of unpaid rates. Ray White Yeppoon held an auction on behalf of Livingstone Shire Council last month for a 693m2 block of land at 85 Cocoanut Point Dr, Zilzie. There were originally 18 properties that…
Former One Nation senator Rod Culleton (left) leaves the financial services royal commission in Melbourne. Picture: Aaron Francis. The successful nomination of two candidates who are undischarged bankrupts has highlighted the Australian Electoral Commissions inability to ensure compliance with the section of the Constitution which led to the resignation of 17 senators and MPs and…
ADMINISTRATORS of a Cairns medical company that owes creditors hundreds of thousands of dollars are investigating whether the company may have traded while insolvent. Dial-A-Doctor Cairns Pty Ltd, which provides a home visit healthcare service that bulk-bills patients in Cairns and Perth, was placed in voluntary administration on January 11. It is still being operated…
The taxman is being pushed up the pecking order when a company goes bust, to the irritation of other creditors. It is a short-sighted cash grab, says R3, the trade body for restructuring specialists and liquidators that decide who gets what when a company fails. The government hasnt thought through the total impact on lending…
Back in July 2005, the G8 summit at the Gleneagles hotel in Scotland announced a package of aid and debt relief for the worlds poorest countries. The event marked the high point of international development cooperation and was supposed to put the finances of low-income nations on a permanent sustainable footing. For a while, optimism…