03 August 2023 JONATHAN FOYE Sydney, Australia A new report by the United Nations Global Crisis Response Group, A World of Debt, recently found that 52 countries are in serious debt trouble. In comments made following the release of the report, UN Secretary-General Antnio Guterres particularly drew attention to the way poorer nations relied on private creditors who…
Housing Minister Rose Jackson has said she is looking into why tradies still havent been paid for building the public housing block at 16 Spring Street, Wagga. Photo: Chris Roe. The NSW Governments Land and Housing Corporation (LAHC) claims it did not know the company it appointed to build a public housing block in Wagga…
Sacked staff from a collapsed limo company have been left wondering what went wrong as many of its clients were multi-millionaires and billionaires with no shortage of cash. On Tuesday, news.com.au reported that Brunel Chauffeur Drive and Limousines Pty Ltd and three other related entities had gone into liquidation, with Michael Hogan and Christian Sprowles…
Well-known Melbourne homewares company Fenton & Fenton has collapsed and is currently in liquidation after 15 years in business. Founded in 2008 by Lucy Fenton, the company started in a small showroom on the trendy High Street in Prahran. Known for its bright and colourful pieces, it sold products ranging from dcor, various artworks, rugs,…
A popular Australian homewares business known for its eclectic selection of personality pieces has collapsed. Melbourne-based Fenton & Fenton has been placed under external administration. WATCH THE VIDEO ABOVE: Adelaide home buyers blindsided by construction company. Looking for a new job or job candidate? Post jobs and search for local talent on 7NEWS Jobs >>…
Global law firm White & Case is establishing a restructuring and insolvency practice in Australia with the addition of two partners, Timothy Sackar and Jillian McAleese, from Australian firm Clayton Utz. The firm is the latest of several to bolster its insolvency practice in anticipation of rising corporate failures in Australia. Read the full article…
Fenton & Fenton, a much-loved Australian homewares boutique that garnered a massive following over the years, has collapsed. The once-thriving business in the trendy suburb of Prahran in Melbournes inner southeast has been placed under external administration. The merchants website, now defunct, features a brief statement announcing the liquidation: Fenton & Fenton Pty Ltd (In…
Businesses may need to rethink how they forecast and plan for their future with many businesses dealing with unprecedented levels of change, according to BDO national leader, business restructuring Andrew Sallway. For businesses struggling to rebuild after the pandemic, Mr Sallway said reliable and robust forecasting has never been more critical. One of the way…
The bankrupt crypto exchange FTX has submitted a draft reorganization plan to the courts to pay back creditors. The draft plan, filed with a US bankruptcy court on Monday, calls for scrapping claims based on holdings of the disgraced companys native token, FTT. The draft says the FTT-based claims against the exchange should be dropped…
Housing Minister Rose Jackson has said she is looking into why tradies still havent been paid for building the public housing block at 16 Spring Street, Wagga. Photo: Chris Roe. The NSW Governments Land and Housing Corporation (LAHC) claims it did not know the company it appointed to build a public housing block in Wagga…