But the lawyer said Hancocks companies were soon haemorrhaging money, courtesy of a Romanian bargaining deal and the tens of millions of dollars he had taken from Hancock Prospecting to bankroll Porteous mansions, jewellery, luxury cars and a private jet. With the BHP deal now in jeopardy, the court was told Lang wrote to his…
DetailsA surge of businesses will collapse across the country as the ATO goes after mounting legacy debt, experts have warned. The ATO and other creditors currently pose the greatest threat to cash-strapped small and medium-sized businesses, says Insolvency Australia, which has just released its latest Corporate Insolvency Index. It comes as a popular West Australian…
DetailsThe Insolvency and Bankruptcy Code, 2016 (IBC) is a landmark legislation that aims to provide a speedy and efficient resolution of Insolvency and Bankruptcy cases in India. The IBC empowers the National Company Law Tribunal (NCLT) to admit and adjudicate applications for initiating Corporate Insolvency Resolution Process (CIRP) against defaulting companies. The IBC’s primary goal…
DetailsA surge of businesses will collapse across the country as the ATO goes after mounting legacy debt, experts have warned. The ATO and other creditors currently pose the greatest threat to cash-strapped small and medium-sized businesses, says Insolvency Australia, which has just released its latest Corporate Insolvency Index. It comes as a popular West Australian…
DetailsOn Thursday 10th August, judgment was given in Brake v The Chedington Court Estate Ltd [2023] UKSC 29. Andrew Sutcliffe KC, William Day and Gretel Scott appeared in the Supreme Court for the Appellant, the Chedington Court Estate, in a long-running insolvency dispute against former bankrupts and partners in a partnership in liquidation, Nihal and…
DetailsA surge of businesses will collapse across the country as the ATO goes after mounting legacy debt, experts have warned. The ATO and other creditors currently pose the greatest threat to cash-strapped small and medium-sized businesses, says Insolvency Australia, which has just released its latest Corporate Insolvency Index. It comes as a popular West Australian…
DetailsA dairy farmer from the New South Wales South Coast has quit the industry following the collapse of a milk processor that he says owes him tens of thousands of dollars. Key points: Country Valley has entered liquidation with creditors owed over $3 million Jamberoo farmer Steven Downes says he is unlikely to see the $50,000…
DetailsA surge of businesses will collapse across the country as the ATO goes after mounting legacy debt, experts have warned. The ATO and other creditors currently pose the greatest threat to cash-strapped small and medium-sized businesses, says Insolvency Australia, which has just released its latest Corporate Insolvency Index. It comes as a popular West Australian…
DetailsA surge of businesses will collapse across the country as the ATO goes after mounting legacy debt, experts have warned. The ATO and other creditors currently pose the greatest threat to cash-strapped small and medium-sized businesses, says Insolvency Australia, which has just released its latest Corporate Insolvency Index. It comes as a popular West Australian…
DetailsAug 11, 2023 3.34pm Crown Group has entered into provisional liquidation, with its co-founders Iwan Sunito and Paul Sathio agreeing to put aside a long-running dispute in an attempt to salvage the company, once a major real estate developer. Andrew Sallway, BDO business restructuring partner, was appointed as the companys provisional liquidator on Thursday. Mr…
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