The holding company of the former Super League champions Bradford Bulls will finally enter liquidation this week after creditors voted overwhelmingly in favour of the administrators proposals, which include a thorough examination into the clubs historical financial affairs following its well-publicised demise. Despite the Rugby Football League already sanctioning a new company and club in…
UPDATE 5PM: BY the end of the week, administrators expect to have a firmer grasp on the assets, jobs and debts tied up in the CQ Leagues Club. Worrells Solvency and Forensic Accountants were appointed administrators of the troubled club yesterday and issued a statement before noon. One of the administrators, Paul Nogueira, spoke with…
Exclusive The Immigration Department paid more than $22.5 million over a decade to firms owned by a prominent Melbourne migration lawyer, who fled the country owing millions to the Australian Taxation Office. Former migration lawyer Florin Burhala’s professional networking page says he is now a “freelance consultant” dividing his time between the Middle East and Europe. Photo:…
Date: January 28 2017 Bianca Hall Exclusive The Immigration Department paid more than $22.5 million over a decade to firms owned by a prominent Melbourne migration lawyer, who fled the country owing millions to the Australian Taxation Office. Despite pocketing multiple lucrative contracts to help asylum seekers apply for Australian protection, Florin Burhala’s company BMA Lawyers…
As people of faith, the members of the Connecticut Conference of the United Church of Christ have joined with others throughout the state to form the Coalition Against Casino Expansion in Connecticut. We are concerned that the economic and social impact of gambling has unintended consequences for some of the most vulnerable in our state.…
By Deep Value Analyst : Calloway’s Nursery (OTC: [[CLWY]]) is the rare under the radar micro-cap stock that is trading below liquidation value that could be worth 3x more as its experienced management team and board continue to make operational improvements and unlock value. Calloway’s is an 18 store chain of high margin plant and…
It looks like it’s the end of the line for one-time teen favorite store chain Wet Seal. The mall-based retailer is planning to close all of its 173 or so stores after failing to turn its business around, according to several media reports. The company did not immediately return a request from Fortune for comment,…
The future of Dunedin engineering company D.C. Ross, at present in receivership with debts of almost $19 million, has taken a turn for the worse. An application has been made to the Dunedin High Court by Fletcher Steel to have the company placed in liquidation. Under receivership, the company could potentially be sold as a…
Andreas Lehmanns practice focuses on financial services and corporate finance transactions as well as restructuring & insolvency. He advises banks on all aspects of debt financing structures including syndicated loans, corporate bonds and securitization transactions. Andreas has advised institutional investors, in particular investment funds, venture capital funds and real estate funds, in respect to their…
Homeowners caught up in the collapse of WA builder Builton Group will only be able to claim up to $100,000 in losses for an alternative builder to finish their half-built homes, potentially leaving many heavily out of pocket. The Burswood-based builder, which also trades under the brands Platinum Homes and Aspireon Homes, went into external administration on…