Fast-food chain Pie Face is heading towards profitability for the first time in a long time, as its receiver flags the business will be sold shortly. But the one-time, high-flying, hot-pie business has left behind a trail of destruction. Liam Bailey says many creditors are unlikely to receive payment out of the receivership. Photo: Justin McManus…
By Reuters Published: 00:11 +11:00, 17 January 2017 | Updated: 00:11 +11:00, 17 January 2017 e-mail By Angus Berwick and Toby Sterling MADRID/AMSTERDAM, Jan 16 (Reuters) – Spanish police arrested one of the Netherlands’ most prominent corporate lawyers, Peter Wakkie, on Monday at Madrid airport as part of an investigation into the insolvency of Russian-Spanish…
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Bus Éireann has confirmed the company is facing insolvency within 18 months unless decisive actions are taken to reverse losses. The transport providers acting Chief Executive Ray Hernan has told staff the company is facing forecasted losses of 8m for 2016 and warned that, collectively we cannot allow this trend to continue. The company has…
Former Senator Rod Culleton is fighting for his political career after his removal from the senate. Former One Nation senator Rod Culleton speaks to the media outside court in Perth. Picture: AAP DISQUALIFIED former One Nation senator Rod Culleton has had a rare legal win after a second attempt to have him declared bankrupt was…
Former senator Rod Culleton says he will take a “self-imposed” moratorium from his job, after he lost his spot in the Upper House following a bankruptcy case against him, but says he will stay in his electorate office. Key points: Rodney Culleton says he will take a leave of absence from senatorial duties, but…
Image: Ozcon Latest News Industrial supply company Ozcon Industries has been placed in voluntary liquidation after letting go of its workers last week. The company which supplies steel pipe engineering services, perforating processing, and welding services to the mining, manufacturing, and agricultural industries went into voluntary liquidation at the request of its directors and shareholders.…
Rod Culleton says he has some significant achievements under his belt as a senator for Western Australia and people will grieve for him. The former One Nation senator is set to leave parliament this year either as a bankrupt or if the High Court decides he was ineligible to run at the July 2016 election.…
MAARTEN HOLL/FAIRFAX NZ Gregory Hutt, pictured, appeared for sentencing in the High Court in Wellington in 2012, after earlier pleading guilty to agreeing bribing to former ACC property manager Malcolm Mason. A second company part-owned by a businessman who previously bribed an ACC boss has run into financial issues. Gregory Alexander Hutt’s Wellington business Concept…
Business was booming at a nearby shopping centre in the lead-up to Christmas. Armed with credit cards and other forms of debt, consumers were loading up on gifts and other seasonal goodies. I wondered: how will they pay for this spending frenzy? The Reserve Banks chart on household finances (below, left) is a constant, scary…