Last week, the Australian Securities and Investments Commission (ASIC) released its latest insolvency data, covering the period from 1 July 2023 to 31 March 2024. The data showed a rise in the number of Australian companies that failed within the nine-month period of data collection. During this nine-month period, Australian financial regulators reported a 36…
The High Court has approved a Personal Insolvency Arrangement allowing a Co Meath couple to write off over 2.65m of debt owed to mainly financial funds. Under the terms of the arrangement Thomas and Valerie Johnson will be able to retain their family home at Liscannor Lodge, Drumree Road, Dunshaughlin in Co Meath. The couple’s…
A Bundaberg farming company has gone into liquidation while owing $16 million to creditors, in the latest financial scandal to hit the farming empire. The New South Wales Supreme Court issued a winding up order and appointed a liquidator for Bundaberg Farming Co Pty Ltd on March 6, 2024. Roberto Barbera, a member of the…
A number of local councils in England, including Birmingham, Nottingham and Croydon, have effectively declared themselves bankrupt in recent years, and many more are at risk. A decade of cuts to local authority budgets and increasing demands on services such as social care are forcing councils to make difficult financial decisions. But its not just…
A Bundaberg farming company has gone into liquidation while owing $16 million to creditors, in the latest financial scandal to hit the farming empire. The New South Wales Supreme Court issued a winding up order and appointed a liquidator for Bundaberg Farming Co Pty Ltd on March 6, 2024. Roberto Barbera, a member of the…
“Our workload has increased due to Covid firstly, then the cost of living, then the interest rate increases,” says Christine Liggens from Debtfix. The charity has partly relied on $490,000 a year from the Ministry for Social Development (MSD) to help meet the cost of budget and finance advice for Kiwis who fall into difficulty…
A Bundaberg farming company has gone into liquidation while owing $16 million to creditors, in the latest financial scandal to hit the farming empire. The New South Wales Supreme Court issued a winding up order and appointed a liquidator for Bundaberg Farming Co Pty Ltd on March 6, 2024. Roberto Barbera, a member of the…