Homeowners, creditors and staff could be left out of pocket after building company Builton Group collapsed owing about $16 million and leaving about 110 residential projects unfinished. Administrators from Cor Cordis, Dino Travaglini and Jeremy Nipps, delivered the distressing news to the media this morning, saying it was clear that Builton and its subsidiaries Platinum…
Related Story: Slump leaves WA in last place in economic rankings Work has stopped on about 110 residential home building sites as Perth builder BuiltonCorp is placed into voluntary administration. Administrators Con Cordis have announced the company owes about $16 million to 350 unsecured creditors, mostly subcontractors. They also said 38…
The wife of a man jailed for life for the murder of their two young sons has obtained a High Court judgment of 77,690 against her husband over the deaths of the boys. Kathleen Chada leaving the Four Courts yesterday after she sued her husband Sanjeev Chada, for causing the death of their two sons.…
ShareTweet Is Gambling a Problem in Sport? There are many types of people that engage in gambling activities, but some may find it surprising that the majority of athletes that earn money for playing sports are some of the top gamblers in the world. Athletes are competitive individuals and earn millions from professional sports. One…
AFTER 25 years of trade, Thorps Jewellers is closing down its Kingaroy Shoppingworld store. Co-owner Jan Thorp said she and husband Allen did not renew the lease because they wanted to have a break and decrease their workload. “We just wanted to downsize, we’re not getting any younger and haven’t had a break since 1999,”…
13:07 23 January 2017 Tony Gussin The Queen’s Theatre in Barnstaple. Archant The Queens Theatre in Barnstaple and the Landmark in Ilfracombe are closed until further notice as the theatres trust goes into voluntary administration … Read the full article at: http://www.northdevongazette.co.uk/news/north_devon_theatres_trust_goes_into_administration_1_4859420
Comments (3) A Derby insolvency expert has warned that a “hard Brexit” is likely to lead to a surge in companies going out of business. According to research by insolvency and restructuring trade body R3, almost three-quarters of its members believe the EU Referendum result will cause corporate insolvency numbers to rise by the end of…
Vernon Dennis of Howard Kennedy LLP explores recent and future challenges faced by the insolvency sector Those practising in the insolvency sector will commonly encounter the refrain, I bet you must be busy. The response provided to this statement will surprise many as corporate insolvency numbers in 2016 remained flat, representing just 0.41% of all active companies; the lowest…
Once the Business Liquidation Services has started, we will walk you through it step by step. If you have a business of your own, you know that it takes a lot to keep it running and successful. There are other factors that will also help to keep it successful. Liquidation and receivership are just two…