The warehouse in Melbourne’s outer north was supposed to be filled with scrap metal and broken glass, overflow storage for a nearby recycling business. It wasn’t until the company collapsed into insolvency six months later, that the warehouse doors were opened to reveal a potential health and environmental disaster on Melbourne’s suburban fringe: pallets of steel drums…
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A debt resolution practitioner has taken issue with comments by Deputy Jackie Cahill on the levels of debt and insolvency in Tipperary and whether or not the county tops the chart. Under figures released by the Insolvency Service of Ireland, Tipperary was named as being seventh in the league for court approved debt resolution notices,…
When a house that normally rents for £500 a week can find a tenant willing to pay £16,000 for a nine day let, it is a sure sign that there is big money in town. The town is Cowes, in the Isle of Wight, and the money arrives with the annual Cowes Week sailing extravaganza.…
GERMANY: Partly crowd-funded open access operator Locomore announced on August 2 that insolvency proceedings had opened the previous day. The company said it was still trying to find a positive solution to its problems, but train services would remain suspended until further notice. Locomore launched a daily return service between Berlin and Stuttgart in December 2016…
BILL Power is the principal of Powers Transport, an operation run out of the Powers family home town of Kilkivan, about 200km north and slightly west of Brisbane. Back in the day, the Power’s operation was built around a White Road Boss and, in the late 1970s, many considered the Road Boss to be the…
NEWCASTLE has the highest rate of personal insolvency in regional NSW according to figures released by the Australian Financial Security Authority. Across the Hunter there were 215 cases of personal insolvency in the June quarter of 2017, with Newcastles 43 debtors the largest in the state outside of Sydney. Across Australia there were 7,729 debtors who entered a…
NEWCASTLE has the highest rate of personal insolvency in regional NSW according to figures released by the Australian Financial Security Authority. Across the Hunter there were 215 cases of personal insolvency in the June quarter of 2017, with Newcastles 43 debtors the largest in the state outside of Sydney. Across Australia there were 7,729 debtors who entered a…
The Australian Financial Security Authority have revealed Bunbury’s statistics for personal insolvency from March to June this year, with 43 new cases – the highest in regional WA. Bunbury has topped the list of regional personal insolvency statistics for Western Australia in June 2017. The Australian Financial Security Authority (AFSA) recently released regional personal insolvency…
The number of people seeking debt solutions in Ireland continued to rise in the second quarter of the year, the Insolvency Service of Ireland (ISI) said. There were 1,259 new applications, a 26 per cent increase in the number of Protective Certificates issued, and a 22 per cent increase in approved arrangements. Lorcan OConnor, director…