Bonza refund: Expert makes grim admission about Aussies hoping to get their money back after budget airline we – Daily Mail

Liquidation

By Freddy Pawle For Daily Mail Australia Published: 12:23 AEST, 1 May 2024 | Updated: 00:08 AEST, 4 May 2024 A warning has been issued to customers of budget airline Bonza after it was placed into voluntary administration. Travellers were left stranded in airports across Austral… Read the full article at: https://www.dailymail.co.uk/news/article-13369043/Bonza-refund-Expert-makes-grim-admission-Aussies-hoping-money-budget-airline-went-voluntary-administration-cancelled-flights.html

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Former ACCC boss outlines potential Bonza reboot plan – Sky News Australia

Liquidation

Airlines for Australia and New Zealand Chair Graeme Samuel has outlined a potential process for Bonza to re-enter the market after it entered voluntary administration. On Tuesday, Bonza submitted paperwork to the Australian Securities & Investments Commission (ASIC) to appoint administrators to salvage the wreckage of its struggling business. Speaking to Business Now host Ross…

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Australia: An Introduction to Restructuring/Insolvency – White & Case LLP

Restructuring

Australia has not been immune to the economic impacts of global financial and geopolitical events. The recent global economic downturn has brought about a heightened focus on financial stability and risk management in Australian businesses. Sponsors and financiers alike are now navigating a complex economic terrain marked by: volatile markets; supply chain disruptions; asset re-valuations;…

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Volocopter seeks new investors as risks of insolvency looms – Vertical Magazine

Bankruptcy

Volocopter CEO Dirk Hoke recently told German media that the eVTOL developer may need to look at insolvency options, after the company failed to secure loans from the Baden-Wrttemberg and Bavarian states to support its electric aircraft development. Volocopter has been transparent that the fundraising market has been difficult in the past few years, Hoke…

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Europe's largest local authority went bankrupt over equal pay claims worth nearly $1 billionturns out, it may not bleed … – Yahoo Canada Finance

Bankruptcy

The U.K.s second-largest city declared bankruptcy last year. The city council of Birmingham, located in the countrys midlands, was slammed with a ginormous equal-pay claim worth up to 760 million ($955 million), following which it said the council had insufficient resources to make those payments. As a result, the council was forced to make drastic…

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Underworld widow Roberta Williams declared bankrupt – Yahoo News Australia

Bankruptcy

The widow of underworld figure Carl Williams has been declared bankrupt by the Federal Court, after it was reportedly revealed there was almost $300,000 owing in unpaid taxes. The court on Tuesday ordered that the estate of Roberta Merieca Williams be sequestrated, following an application by the deputy commissioner of taxation. Carl Williams widow Roberta…

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Almost 28000 Brits in personal insolvency amid cost of living crisis – Yahoo News UK

Bankruptcy

Nearly 28,000 personal insolvencies were recorded in Britain over the last three months as inflationary pressures and the cost of living crisis took their toll. According to the Insolvency Service on Friday, there were 27,927 individual insolvencies in the quarter to September, while it also saw an 18% rise in registrations from people seeking breathing…

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Boris Becker to join Netflix reality show after getting discharged from bankruptcy – The Economic Times

Bankruptcy

Tennis legend Boris Becker is reportedly joining a reality show on Netflix. Former Wimbledon Championships and US Open winner Becker will reportedly take part Netflix reality show “Bear Hunt“, as per a report on Mirror.“Bear Hunt” will be hosted by Holly who is a former “This Morning” star. Popular adventurer Bear Grylls will also be…

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