Subscribe Be the first with the news that moves the market Law firm Taylor David is cautioning that Australians will soon experience widespread personal and business insolvencies in greater numbers than encountered during the 2008 Global Financial Crisis (GFC). The finance law specialist claimed the number of companies facing financial headwinds was widespread across all…
Australian law firm Taylor David is predicting a wave of insolvencies across Australian business in 2023. The company has warned that the number of companies facing financial headwinds is likely to be significantly larger than during the Global Financial Crisis (GFC) in 2008. Partner Scott Taylor is foreshadowing that the financial uncertainty facing Australian businesses,…
The High Court has approved Personal Insolvency Arrangements that will allow a retired couple aged in their mid 70s to rent back their Dublin home after it is sold to a housing agency. Under the terms of the PIA Thomas and Catherine Carroll will remain in their home under a social tenancy agreement at Oaklands…
Normal text sizeLarger text sizeVery large text size A large construction firm specialising in building schools and other government infrastructure is in administration, the second firm within 24 hours to collapse as mounting pressures in Australias building industry reach a crisis point. Civil design and building firm Lloyd Group, which has 59 projects under way…
Second building giant collapses in 24 hours leaving dozens of homes half-finished, 200 workers out of a job – and shattering the dreams of homeowners across the country Lloyd Group placed into voluntary administration on Friday Construction giant, Porter Davis Homes, buckled the same day By Aidan Wondracz and Freddy Pawle For Daily Mail Australia Published:…
Victorian-based home builder Porter Davis is going into liquidation, while a second construction firm has entered voluntary administration. Key points: Porter Davis’ liquidators are looking for builders to take over customer contracts Dozens of public building projects are at risk in New South Wales and Victoria More than 600 employees across both companies have been…
The Birdcage bar on Dixon Street. Photo / Google Maps Four Wellington bars have been declared insolvent, with Inland Revenue, Accident Compensation Corporation and dozens of businesses and employees claiming money from the establishments. Central Wellington bars Birdcage on Dixon St, Allen Sts Love Not Advertisement Advertise with NZME. Advertisement Advertise with NZME. Read the…
The Texas Department of Insurance has placed Friday Health Plans under receivership after the health insurance company declared insolvency. The Lone Star States insurance commissioner has seized the Friday Health Plans’ assets and is charged with liquidating its local property, technology, bank accounts and other valuables to pay outstanding claims, according to a liquidation order…
A judge has declared bankrupt a gaming firm that laid off its 140 remaining employees just days before last Christmas. Mr Justice Ian Spiteri Bailey upheld a request by Genesis Global Limited to wind down its operations in Malta due to bankruptcy. He heard how the applicant company presented an extraordinary resolution by its board,…