Court action has become an indispensable tool in debt recovery again after years on the sidelines as the ATO and banks chase company obligations dating back years. Insolvency specialist Jirsch Sutherland said companies were being reinstated to pursue legacy debts many of which predated the pandemic blindsiding directors who believed the liabilities had been shelved.…
Listen to the article 4 min This audio is auto-generated. Please let us know if you have feedback. Dive Brief: Acutus Medical is laying off approximately 160 employees in a restructuring that will leave it focused solely on meeting the manufacturing and distribution terms of its deal with Medtronic. The company went public in 2020, raising…
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Proceedings have been initiated to commence a Court-supervised process to ensure the company’s stability, that the business continues critical services to customers, and to protect the interests of all stakeholders Crown Crest Leasing Group will receives a commitment for $15 Million in new financing to support business operations during the process This process will have…
Jon Taylor Local people gathered in St Pauls church, Herne Hill, yesterday (9 November) to celebrate the achievement of local churches in helping 100 people in the Brixton area out of problem debt. Taking place during Talk Money Week, the event also saw the launch by Christians Against Poverty (CAP) of a new London-wide money…
Anthony Farrer, 35, who ran a consignment store in Beverly Hills, used money from the sale of customers luxury watches to finance a lavish lifestyle for himself, federal prosecutors said. The businessman collected the luxury watches from customers, promising them that he would sell the watches on consignment and take no more than a 5…
The Insolvency and Bankruptcy Board of India (IBBI) on 18 September notified the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) (Second Amendment) Regulations, 2023. This introduces a set of amendments to the regulations governing the insolvency resolution process for corporate entities in India. To facilitate smooth conduct of corporate insolvency…
Customers of a collapsed building firm have been left fuming after airing out their concerns to the master franchisor months ago but being turned away. Last Friday, news.com.au reported that Western Australia-based RPH Australia Pty Ltd with the trading name GJ Gardner Perth West had gone into liquidation. The exact amount of its liabilities remains…