Latest monthly figures from the Insolvency Service for England & Wales have indicated that personal insolvency figures fell by 4% in May 2024 with a total of 9,266 personal insolvencies registered when compared to last month. Personal insolvencies decreased by 7.2% when compared May 2022s total of 9,986 and decreased by 15.7% compared to pre-pandemic…
By Makayla Muscat For Daily Mail Australia Published: 14:42 AEST, 17 June 2024 | Updated: 15:05 AEST, 19 June 2024 A building company has collapsed, laying off 80 staff and leaving 130 projects on pause. Creditors voted to place Cubitt’s Granny Flats and Home Extensions into l… Read the full article at: https://www.dailymail.co.uk/news/article-13537207/Cubitts-Granny-Flats-Home-Extensions-liquidation-NSW-ACT.html
A building company that straddled two different states and territories has collapsed, leading to a domino effect impacting 130 projects and 80 staff members. On Friday, creditors voted to place Cubitts Granny Flats and Home Extensions into liquidation. The builder worked in both NSW and the ACT and been in business for 30 years. News.com.au…
In short: Construction in Sydney’s ‘satellite’ city, Gosford, is ramping up, but many in the sector are struggling to keep up. While the skyline is filled with cranes, work on some projects remains at a standstill due to structural issues and voluntary administrations. What’s next? Despite some setbacks, several major projects are expected to be complete…
Tasmanian-headquartered food business HS Fresh Food has been placed into voluntary administration, with a sale or restructure of the business likely. HS is a major supplier of salads and fresh produce to Coles and Woolworths and the parent company behind the brands Houstons Farm, Sunfresh, Gourmet Selections and HS Fresh Farms. Advertisement Administrators from FTI…
Normal text sizeLarger text sizeVery large text size Five months after it staged a show set in a public bathroom, the Darlinghurst Theatre Companys finances have gone down the toilet, prompting the City of Sydney to offer free rent of a council-owned venue to prop up the ailing arts organisation. Theatregoers are among creditors owed…
Darlinghurst Theatre Company has announced via social media and its website that its directors have resolved to place the company into voluntary administration as of 17 June 2024. The company was formed in 1993 by Glenn Terry. Housed in The Eternity Playhouse since 2013 and supported through Arts NSW, the Darlo has been a mainstay…
RetireAustralia says it is committed to completing the 42 independent living apartments at Tarragal Glen Retirement Village at Erina despite the building company entering into voluntary administration. Stevens Construction (NSW) Pty Ltd, a major Central Coast company, announced on May 27 it had entered voluntary administration after almost two decades in the construction industry. Described…
A recent court case has demonstrated to trustees the withdrawal and transfer of superannuation benefits prior to declaring bankruptcy will not protect those assets from creditors claims even if they remain within the retirement savings system, according to an SMSF technical specialist. Heffron head of education and content Lyn Formica noted this outcome had occurred…
Key Points Bankruptcy lasts for three years but the consequences can last much longer. Bankruptcy wont release you from all your debts. Always seek the advice of a financial counsellor. Bankruptcy is a legal process that helps you regain financial control by releasing you from most of your debts. It allows you to start fresh.…