The Parliamentary Joint Committee on Corporations and Financial Services (PJC), chaired by Senator Deborah ONeill, has handed down its final report into the effectiveness of Australias corporate insolvency laws in protecting and maximising value for the benefit of all interested parties and the economy. The Committee has made some far-reaching recommendations in the Final Report,…
Cade Lucas Failed home builder Apex Homes received a $100,000 payment from a customer just days before a winding up order was lodged against it over unpaid debts. The customer, who wishes to remain anonymous, claims their financial advisor authorised the payment to Apex three weeks ago, after the company signed a statutory declaration that…
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Photo: Mario Beauregard/Alamy Live New Apparently, Just for Laughs cant survive just on laughs it needs money too. The storied Montral comedy institution that, each year, awards the coveted distinction of New Faces to a crop of comedians on the rise, has canceled its 2024 festival, citing financial factors. Groupe Juste Pour Rire Inc., the…
The consortium that originally included ICM and Howie Mandel has canceled its 2024 edition as new investors or asset sales are considered. March 5, 2024 10:33am Seth Rogen and director Judd Apatow GP Images/WireImage The parent company of Montreals Just For Laughs comedy festival, Groupe Juste Pour Rire Inc., is set to file for bankruptcy…
The total number of personal insolvencies climbed to 1,015 for January, rising from 805 in December. This was also a 31 per cent increased from the total number of personal insolvencies recorded in January 2023. Of the new personal insolvencies, 553 were bankruptcies, 452 were debt agreements and ten were personal insolvencies. Workers entering personal…
For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Bankrupt British socialite James Stunt is locked in a High Court dispute over whether he is the owner of a centuries-old painting worth up to 4 million. The…
Getty Images By Aisha Iqbal BBC News Taxpayers in Bradford face years of extra debt as a result of government intervention in the council’s finances, councillors have warned. Last week, ministers agreed to grant Bradford Council 220m of “exceptional financial support” to avoid it effectively going bankrupt. The council will meet on Thursday to rubber-stamp…
The iconic Dolphin Discovery Centre in Bunbury has called in accounting and consulting firm RSM as voluntary administrators after the WA tourism hotpot first hit choppy waters in the wake of Covid-19. Professional services firm RSM has been appointed administrators of the Dolphin Discovery Centre (DDC), a popular tourist attraction in Bunbury on Western Australias…
By Dave Harvey Business and Environment Correspondent, BBC West The number of people running out of money each month has trebled in the last four years, according to Citizens Advice experts. In 2023, debt advisors in the Bristol area helped many who have a “negative budget”, despite working additional jobs to try and make ends…