Page 1743 – Insolvency Advisory Accountants

HS Fresh Food goes into voluntary administration: Company that supplied Coles and Woolworths goes bust with 50 – Daily Mail

LiquidationBy Insolvency Advisory Accountants June 18, 2024

Major food company went bust Some 500 jobs are at risk as a result By Duncan Evans For Nca Newswire Published: 11:19 AEST, 18 June 2024 | Updated: 12:50 AEST, 18 June 2024 A farming business with operations across Australia has entered voluntary administration, putting some 500 … Read the full article at: https://www.dailymail.co.uk/news/article-13540639/HS-Fresh-Food-administration.html

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Fisker files for insolvency in the USA – electrive.com – www.electrive.com

BankruptcyBy Insolvency Advisory Accountants June 18, 2024

Fisker was once seen as a potential challenger to Tesla, however, the company by Danish car designer Henrik Fisker never reached a comparative size and fell far short of (its own) expectations in terms of unit sales. And it had been struggling for a long time: the companys great hope, the Ocean electric SUV, was…

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One in five insolvencies linked to construction – Accountancy Daily

BankruptcyBy Insolvency Advisory Accountants June 18, 2024

In May 2024, the number of registered company insolvencies in England and Wales was 2,006, 6.4% lower than in April 2024. The worst hit sector was construction, accounting for 18% of company collapses, with 4,401 insolvencies in the 12 months to April 2024, reaching a total of 4,401. There is also a stark reminder that…

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Wonder Group is on the brink of insolvency in the UK – Kidscreen

BankruptcyBy Insolvency Advisory Accountants June 18, 2024

On the ropes due to a lack of consumer spending in its international markets, UK-based party goods manufacturer and retailer Wonder Group (formerly Amscan International) is on the verge of entering into administration. According to reporting from Sky News from yesterday, Wonder is preparing to appoint an insolvency advisor to see it through the UKs…

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Griffith winemaker declared bankruptcy after court ordered him to pay back $8.4 million – Region Riverina

BankruptcyBy Insolvency Advisory Accountants June 18, 2024

Aaron Salvestrin was once touted as a rising star of the industry. Photo: Sans Pareil. Griffith winemaker Aaron Salvestrin declared himself bankrupt just seven days after the Supreme Court ordered him to pay back several million dollars to creditors, an exclusive Region investigation has revealed. The 29-year-olds winery Sans Pareil Estate went into liquidation in…

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Pre-bankruptcy super transfers unprotected – SMS Magazine

BankruptcyBy Insolvency Advisory Accountants June 18, 2024

A recent court case has demonstrated to trustees the withdrawal and transfer of superannuation benefits prior to declaring bankruptcy will not protect those assets from creditors claims even if they remain within the retirement savings system, according to an SMSF technical specialist. Heffron head of education and content Lyn Formica noted this outcome had occurred…

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Sir Bradley Wiggins may have to yield medals over bankruptcy – The Times

BankruptcyBy Insolvency Advisory Accountants June 18, 2024

Sir Bradley Wiggins, the first Briton to win the Tour de France, has been declared bankrupt amid financial difficulties with his businesses. The cyclist, who also won eight Olympic medals, including five golds, has had a troubled relationship with his business ventures since retiring in 2016. Wiggins Rights Limited, which owns the trademarks to Bradley…

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Understanding bankruptcy and its consequences in Australia – SBS

BankruptcyBy Insolvency Advisory Accountants June 18, 2024

Key Points Bankruptcy lasts for three years but the consequences can last much longer. Bankruptcy wont release you from all your debts. Always seek the advice of a financial counsellor. Bankruptcy is a legal process that helps you regain financial control by releasing you from most of your debts. It allows you to start fresh.…

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Sir Bradley Wiggins 'has lost everything' and faces selling medals – Daily Mail

BankruptcyBy Insolvency Advisory Accountants June 18, 2024

By David Jones Published: 02:28 AEST, 15 June 2024 | Updated: 17:45 AEST, 15 June 2024 Dismayed by the news that one of Britains greatest ever Olympians had been declared bankrupt, I had been trying all week to contact Sir Bradley Wiggins and hear his side… Read the full article at: https://www.dailymail.co.uk/news/article-13530791/Bradley-Wiggins-homeless-cycling-gold-medals-Olympian.html

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I'm an online gambler. Pennsylvania lawmakers are right to ban the use of credit cards to fund bets. | Opinion – The Philadelphia Inquirer

GamblingBy Insolvency Advisory Accountants June 18, 2024

My father was a compulsive gambler. I am a gambler, and I have occasionally used a credit card to find an online gambling account in Pennsylvania. State Sen. Wayne Fontana wants to prevent me or anyone else from doing that. He is right. The longtime suburban Pittsburgh lawmaker recently introduced Senate Bill 1159, intended to…

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