Debt charities have urged those in arrears who are seeking online help with financial problems to be alert to deceptive advice. People are urged to be cautious when looking on search engines and social media for help with problem debt, as StepChange, Citizens Advice and Money Advice Trust warn they can be rife with misleading…
Kleev Homes goes into liquidation with Melbourne construction company owing $3.3million following collapse Kleev Homes Pty Ltd is now defunct The company owes $3.3 million 100 tradies are left unpaid By Zak Wheeler For Daily Mail Australia Published: 10:21 AEST, 25 July 2023 | Updated: 10:57 AEST, 25 July 2023
Each week we are seeing stories in the news about construction companies becoming “insolvent”, going into “liquidation” or having “administrators” appointed. But what do these terms mean? Insolvency is a complex area of law with its own terminology, so we’ve broken down what all the terms mean below. What is insolvency and what happens to…
SAN FRANCISCO The Pulitzer Prize-winning Santa Barbara News-Press, one of Californias oldest newspapers, has ceased publishing after its owner declared the 150-year-old publication bankrupt. The newspaper became an online-only publication in April. But its last digital edition was posted Friday when owner Wendy McCaw filed for bankruptcy. Managing editor Dave Mason broke the news to…
Yet another Melbourne construction company has collapsed into liquidation, as casualties pile up in the sector. News.com.au can reveal that earlier this month, Narre Warren-based residential builder Kleev Homes Pty Ltd went into liquidation. Travis Pullen of insolvency firm B&T Advisory is the appointed liquidator. ASIC documents obtained by news.com.au show that as of July…
SAN FRANCISCO — The Pulitzer Prize-winning Santa Barbara News-Press, one of California’s oldest newspapers, has ceased publishing after its owner declared the 150-year-old publication bankrupt. The newspaper became an online-only publication in April. But its last digital edition was posted Friday when owner Wendy McCaw filed for bankruptcy. Managing editor Dave Mason broke the news…
A young Sanford family feared their new home would never get finished after a builder went bankrupt last year. 5 On Your Side first spoke with the Knowles family in May 2022 when their home was about half finished. Their builder, J&R Homes, had just declared bankruptcy. Money that the builder collected from the Knowles…
SAN FRANCISCO (AP) The Pulitzer Prize-winning Santa Barbara News-Press, one of Californias oldest newspapers, has ceased publishing after its owner declared the 150-year-old publication bankrupt. The newspaper became an online-only publication in April. But its last digital edition was posted Friday when owner Wendy McCaw filed for bankruptcy. Managing editor Dave Mason broke the news…
Analysis Will Bola Tinubus Reforms Help or Harm Nigeria? Removing fuel subsidies and floating the nairas exchange rate may please international lenders, but the policies could trap millions in poverty. By Pelumi Salako, a Nigerian writer and journalist. A man wearing a matching patterned shirt and pants leans close to a display case of food…
Insolvency risk management should be core to business operations because default rates will rise steeply as mortgage holders come off fixed-rate loans, according to the latest CreditorWatch data. It said external administrations have returned to pre-pandemic rates and defaults will hit 5.8 per cent this financial year so businesses need to actively minimise risk exposure.…