Two separate and unrelated insolvency arrangements allowing two debtors to write-off over 12 million owed to financial funds have been approved by the High Court. The court approved a Debt Settlement Arrangement (DSA) to company director, 63-year-old Mark Quinn, which will see 8.9 million of debt owed to financial fund Everyday Finance DAC written off.…
Kenya Revenue Authority (KRA) has been ordered to refund more than Sh54 million to household and electronics appliances supplier Hotpoint on account of bad debts arising from goods delivered to fallen retail giant Nakumatt. The Tax Appeals Tribunal faulted the Commissioner of Domestic Taxes for disallowing the VAT (value-added tax) refunds of Sh54.8 million as…
Some 1,392 businesses, institutions and organizations were declared bankrupt since January 1, an increase of about 47 percent over the same period in 2023. That was the highest total for the first four months of the year since January-April 2017. On a monthly basis, business bankruptcies rose by 6 percent. The figures include 167 sole…
By Makayla Muscat and Padraig Collins For Daily Mail Australia Published: 10:27 AEST, 13 May 2024 | Updated: 11:50 AEST, 13 May 2024 An Australian technology company has collapsed, notifying all staff by email that their jobs are gone. Melbourne… Read the full article at: https://www.dailymail.co.uk/news/article-13410537/E-Mersion-Media-collapses-staff-sacked-Melbourne.html
Insolvencies across the board are on the rise, including in fashion. Christopher Kelly speaks with insolvency firm Jirsch Sutherland to learn how business leaders can navigate the fall. Retail trade is the fourth highest sector when it comes to insolvencies. This is according to the Australian Securities and Investments Commission (ASIC) in a report that…
A caravan builder based in Melbourne has collapsed into liquidation with estimated debts of up to $1 million. Highline Caravans Pty Ltd, located in the outer suburb of Campbellfield, went into voluntary liquidation this week according to a notice published on ASIC. The company went bust potentially owing between $700,000 and $1 million. Early reports…
A caravan builder based in Melbourne has collapsed into liquidation with estimated debts of up to $1 million. Highline Caravans Pty Ltd, located in the outer suburb of Campbellfield, went into voluntary liquidation this week according to a notice published on ASIC. The company went bust potentially owing between $700,000 and $1 million. Early reports…
A caravan builder based in Melbourne has collapsed into liquidation with estimated debts of up to $1 million. Highline Caravans Pty Ltd, located in the outer suburb of Campbellfield, went into voluntary liquidation this week according to a notice published on ASIC. The company went bust potentially owing between $700,000 and $1 million. Early reports…
A caravan builder based in Melbourne has collapsed into liquidation with estimated debts of up to $1 million. Highline Caravans Pty Ltd, located in the outer suburb of Campbellfield, went into voluntary liquidation this week according to a notice published on ASIC. The company went bust potentially owing between $700,000 and $1 million. Early reports…
A caravan builder based in Melbourne has collapsed into liquidation with estimated debts of up to $1 million. Highline Caravans Pty Ltd, located in the outer suburb of Campbellfield, went into voluntary liquidation this week according to a notice published on ASIC. The company went bust potentially owing between $700,000 and $1 million. Early reports…