A tradie left hundreds of thousands of dollars out of pocket from a building firm going bust is calling for greater protections for subcontractors to spare him more financial pain. For Tasmanian electrician Kyle Skipworth, at any given moment, he is usually owed around $500,000 in unpaid debts from several builders. But as building companies…
DetailsIsabel McMillanNCA NewsWire Wildlife lovers have been asked to dig deep and donate to a beloved marine park forced into voluntary administration, in a last-ditch effort to keep the business alive. Dolphin Marine Conservation Park in Coffs Harbour, one of only two facilities that take in and care for injured dolphins in Australia, has called…
DetailsThis piece is part of a series of stories about today’s sports-betting boom and how to combat a gambling addiction. To read the rest of the stories, click here. DEBT STRESS IS a real thing (and may have gotten you here in the first place), but managing it is a key part of the recovery…
DetailsSummary Companies Eskom received 16 bln rand from Treasury in July, CEO says The next payment for debt relief expected in Oct Might not be able to raise external debt for four years In talks with Treasury to find ways to take climate loans JOHANNESBURG, Aug 22 (Reuters) – South Africa’s Treasury has paid 16…
DetailsData from the Insolvency and Bankruptcy Board of India (IBBI) shows that as of June 30, 2023, over 65 per cent of the ongoing corporate insolvency resolution cases have extended beyond 270 days. In the previous quarter, the IBBI reported that 64 per cent of the ongoing corporate insolvency resolution cases had extended beyond 270…
DetailsMember Article R3 responds to July 2023 insolvency statistics Corporate insolvencies decreased by 20.4% in July 2023 to a total of 1,727 compared to Junes total of 2,169, and decreased by 5.7% compared to July 2022s figure of 1,831. o Corporate insolvencies also increased by 57.6% compared to July 2021 and increased by 19.9% compared…
DetailsAll 14 employees at a plumbing company have lost their jobs on the spot just weeks before the firm appointed liquidators. News.com.au can reveal that JL Plumbing & Drainage (VIC) Pty Ltd went under last Friday. Liam Bellamy of insolvency firm RRI Advisory was appointed as the liquidator. The business, based in Victorias Mornington Peninsula,…
DetailsOver 65 per cent of the ongoing corporate insolvency resolution cases have been continuing for more than 270 days as on June 30, according to data with the Insolvency and Bankruptcy Board of India. This is a notch higher than 64 per cent of ongoing cases continuing beyond 270 days in the previous quarter. As…
DetailsVictorian home builder Harmac Group has today joined the long list of construction companies in financial strife in 2023, with Shaun Matthews and Barry Wight of restructuring advisory firm Cor Cordis appointed as voluntary administrators. The appointment relates to four of the group’s subsidiaries – Harmac Homes, Harmac Constructions, Harmac Urban Living and Ridge Homes. Other entities in the…
DetailsSimon Maude/Stuff NZME has pursued a bold paywall strategy, making most of the content on its NZ Herald website only available to subscribers. NZME, publisher of the New Zealand Herald, is restructuring its newsroom. The NZX-listed media company is intending to separate out its print and digital operations. The New Zealand Herald reported that the…
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