Model and TV presenter Katie Price has been declared bankrupt for the second time, a court heard today. Price was married to Australian singer Peter Andre between 2005 and 2009 and they have two children together. The UK glamour model, 45, who was not in court to hear her fate, has an unpaid tax bill…
DetailsThis article was co-authored with Queenie Mok. In our earlier Legal Update, we outlined the findings of the Parliamentary Joint Committee on Corporations and Financial Services Final Report on Corporate Insolvency in Australia. Recommendation 3 of the Report was a comprehensive review to consider and make recommendations on the options to enhance public interest…
DetailsMelbourne-based Deeds Brewing has become the latest craft brewer to enter voluntary administration (VA), as the strain on Australias small breweries and businesses continues to grow. Deeds joins the likes of Bad Shepherd, Ballistic, Big Shed, Hawkers, Golden West and Wayward in VA, although Wayward and Hawkers have since found a way back into operating.…
DetailsA record 6.7 million people in Britain are in financial difficulty, a campaign group has claimed, as the cost of living crisis pushes more households into debt. A survey for Debt Justice found that 13% of adults had missed three or more credit or bill payments in the last six months, a figure that rose…
DetailsWhen it comes to pop stars, you don’t get much bigger than Bruno Mars. I mean, he played the friggin’ Super Bowl, for Christ’s sake. Kevin Mazur / Getty Images for SelvaRey One of the many things Bruno has got going on is a long-term residency at the Park MGM Las Vegas. He’s had a…
DetailsThe tax office is chasing more than $34 billion worth of debts owed by small businesses and self-employed Australians that were put on hold during COVID, and sometimes using aggressive enforcement action to collect the money, which experts say is sending some businesses to the wall. Some experts are predicting that the rate of insolvencies…
DetailsWhen it comes to pop stars, you don’t get much bigger than Bruno Mars. I mean, he played the friggin’ Super Bowl, for Christ’s sake. Kevin Mazur / Getty Images for SelvaRey One of the many things Bruno has got going on is a long-term residency at the Park MGM Las Vegas. He’s had a…
DetailsThe director of a failed building firm received a loan for nearly $1 million in company money before the business collapsed while his customers have been left with nothing, according to a public liquidators report. Tozer Construction Group, which did residential building in NSW and the ACT, was court-ordered to go into liquidation at the…
DetailsDenise Truscello / Contributor via Getty Images / 03.17.2024 On Saturday (March 16), Consequence reported about Bruno Mars alleged $50 million gambling debt with MGM Casinos. They stated, Part of the reason Mars residency has lasted for so long is because hes accrued a sizable gambling debt at the casino. He owes millions to MGM [from…
DetailsIn short: A Canberra day spa has gone into liquidation with staff saying they were blindsided by the business bust. Adytum workers claim they are owed wages while customers in possession of gift vouchers have been left out of pocket. What’s next? Access Canberra recommends voucher holders apply as creditors with the liquidators, in a bid to get…
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