Category Archives: Bankruptcy

Insolvency group places Australian restaurant giant Keystone Hospitality Group under receivership – International Business Times AU

In late 2013, Tourism Australia launched a new international campaign with the theme Restaurant Australia by focusing on the countrys food and wine industries to target global foodies and wine connoisseurs. There could be less good restaurants after insolvency group Ferrier Hodgson placed under receivership one of the biggest hospitality groups in Australian with about…

Stepdad who failed to divvy up dead partner’s estate declared bankrupt – Stuff.co.nz

DAVID WHITE/FAIRFAX NZ Gary Watt outside the Ngaio home he shared with his late partner Anne Roberts. A Wellington stepfather who spent his children’s inheritance including on luxury items has been declared bankrupt.  Gary Bryson Watt was declared bankrupt in High Court on Tuesday, following legal proceedings by his stepson who was fighting for the…

Stepdad who failed to divvy up dead partner’s estate declared bankrupt – Stuff.co.nz

DAVID WHITE/FAIRFAX NZ Gary Watt outside the Ngaio home he shared with his late partner Anne Roberts. A Wellington stepfather who spent his children’s inheritance including on luxury items has been declared bankrupt.  Gary Bryson Watt was declared bankrupt in High Court on Tuesday, following legal proceedings by his stepson who was fighting for the…

Former Co-op Atlantic workers lose first step in pension cut battle – The Globe and Mail (subscription)

Comments Print /License AA A group of former employees of Co-op Atlantic have lost a battle over a 32-per-cent cut in their pensions after a judge ruled Monday they could not have their lawyer recognized in the case as the first step toward reopening negotiations in the companys insolvency. The non-unionized former employees of the…

Why is the War in Eastern Ukraine still Going On? – ISN

In February 2014, Russian forces seized Crimea and then began supporting the separatist insurgency in eastern Ukraine. This intervention transformed the conflict between the Maidan and Viktor Yanukovychs regime into an international one, and brought Ukraine and Russia into a state of war. The ongoing crisis clearly has many complex causes that need to be…

Dick Smith disaster should spark insolvency fix – The Australian Financial Review

The collapse of Dick Smith has shown Australia has no real way to deal with ailing companies. Edwina Pickles When Dick Smith administrators release a much-anticipated report into the reasons for its collapse, talk will turn to whether a different insolvency regime and different decisions might have prevented its rapid and controversial demise. In this…

Innovation in Australia: how safe is the safe harbour? – BlueNotes

‘Innovation’ has been the buzzword of the Turnbull Government in Australia and there is no doubt it, along with entrepreneurship, is central to economic growth, job creation and future prosperity. As the limited liability company was created to encourage and facilitate innovation and entrepreneurship and to reduce the costs of enterprise failure, it is not…

Brexit vote sinks global markets as traders wrongly call historic event – The Australian Financial Review

Standard & Poor’s said the UK would be downgraded to double-A from triple-A. Tomohiro Ohsumi Global financial markets experienced their worst day since the global financial crisis as Britain voted to leave the European Union, sending the British pound to the lowest level since 1985 and threatening a global recession. Every Group of 10 currency fell…

A debt is a debt, regardless of collection efforts – Daily Herald

Dear Jeanne & Leonard: Ten years ago my brother “Jack” and I each lent our brother “Don” $5,000 so he could wipe out his gambling debts. Don promised to pay us back, but he never really did. Over the years, he paid me a total of $2,500 and Jack $500. The reason I received more…

World Bank’s Fan warns about reform rollbacks as he departs nation – Kyiv Post

Qimiao Fan Nationality: Chinese Profession: World Bank Country Director for Ukraine, Moldova and Belarus until June 30; current director for Bangladesh, Bhutan and Nepal. Education: B.A. and Ph.D. in economics. How to succeed in Ukraine: You have to put your heart and soul into it. You have to really care about the country and the…