A surge of businesses will collapse across the country as the ATO goes after mounting legacy debt, experts have warned. The ATO and other creditors currently pose the greatest threat to cash-strapped small and medium-sized businesses, says Insolvency Australia, which has just released its latest Corporate Insolvency Index. It comes as a popular West Australian…
A dairy farmer from the New South Wales South Coast has quit the industry following the collapse of a milk processor that he says owes him tens of thousands of dollars. Key points: Country Valley has entered liquidation with creditors owed over $3 million Jamberoo farmer Steven Downes says he is unlikely to see the $50,000…
A surge of businesses will collapse across the country as the ATO goes after mounting legacy debt, experts have warned. The ATO and other creditors currently pose the greatest threat to cash-strapped small and medium-sized businesses, says Insolvency Australia, which has just released its latest Corporate Insolvency Index. It comes as a popular West Australian…
A surge of businesses will collapse across the country as the ATO goes after mounting legacy debt, experts have warned. The ATO and other creditors currently pose the greatest threat to cash-strapped small and medium-sized businesses, says Insolvency Australia, which has just released its latest Corporate Insolvency Index. It comes as a popular West Australian…
Aug 11, 2023 3.34pm Crown Group has entered into provisional liquidation, with its co-founders Iwan Sunito and Paul Sathio agreeing to put aside a long-running dispute in an attempt to salvage the company, once a major real estate developer. Andrew Sallway, BDO business restructuring partner, was appointed as the companys provisional liquidator on Thursday. Mr…
Normal text sizeLarger text sizeVery large text size Former coal magnate-turned-discharged bankrupt Nathan Tinkler looks to have found a buyer for his Sapphire Beach estate, north of Coffs Harbour, but with a 15 per cent discount to his $30 million asking price. Sothebys selling agent James McCowan said earlier this week that the property had…
This week, the board of directors agreed to a contract with Aptus Financial to help employees with loan debt. LITTLE ROCK, Ark. The City of Little Rock is hoping to help its employees get assistance with student loan debt. This week, the board of directors passed an ordinance to work with a local company to…
Aug 11, 2023 1.18pm A biotechnology chief executive who earned more than $10 million from now collapsed life-science companies has declared himself bankrupt and left Australia. iQ Group Global founder George Syrmalis owes more than $5.4 million $4.3 million to the Australian Taxation Office and almost $665,000 on credit cards according to his own bankruptcy…