Creditors have allegedly been cheated in a complicated scam involving a registered trustee, an insolvency advisor and a bankrupt person. A series of properties were raided across South East Queensland on Wednesday with records seized in relation to suspected fraudulent behaviour. During the bankruptcy, a registered trustee and a pre-insolvency advisor are alleged to have…
A South Australian butcher who could not secure a bank loan to repay a large business debt has escaped jail for money laundering a man’s superannuation funds “in desperation”. Key points: Michael Kevin Cheney admitted knowingly engaging in money laundering The court heard he spent the money to feed his gambling addiction He received a…
Creditors have allegedly been cheated in a complicated scam involving a registered trustee, an insolvency advisor and a bankrupt person. A series of properties were raided across South East Queensland on Wednesday with records seized in relation to suspected fraudulent behaviour. During the bankruptcy, a registered trustee and a pre-insolvency advisor are alleged to have…
Photo by Tim Mossholder on Unsplash Abstract Entertainment is winding up after entering voluntary liquidation. The promoter and event planning business owes close to $700,000 to 95 individual creditors spanning ticketing companies, musicians, radio networks, venues and promoters. Its related entity, Abstract Touring, is still trading, and recently announced the Belinda Carlisle Tour of Australia…
The founder and CEO of an Australian restructuring advisory is urging struggling travel companies to urgently seek financial advice before JobKeeper is wound back. Last month, Mackay Goodwin was appointed to handle the voluntary administration process of JMW Travel, which traded as Victorian travel agencies Helloworld Monbulk and Helloworld Bentleigh, as well as Nexus Business…