In short: James Redmond Burrows has pled guilty to 113 fraud-related charges over four years. A court has heard he used his clients money to fund his gambling addiction What’s next? His lawyer told the court Burrows has good prospects for rehabilitation. Sentencing submissions will continue on Tuesday A former accountant has pled guilty to defrauding his…
DetailsCash-strapped Aussies are turning to gambling as a ‘quick fix’ as expenses spiral out of control, according to new research by Finder. A Finder survey of 1,110 respondents revealed almost 1 in 5 Australians (18%) have increased their gambling habit over the past year. That’s 3.6 million Aussies who have upped their spending on everything…
DetailsPart 1 of the 2023 edition of R+I In Brief explores restructuring and insolvency developments in Australia in FY22/23. Overview Despite the challenges flowing from increasing global inflation and supply chain disruptions, the Australian economy has to date remained resilient and a technical recession has been avoided in 2023. However, after many years of historically…
DetailsWe are excited to share the inaugural edition of R+I In Brief, where we explore the past year of developments in the Australian restructuring and insolvency industry and provide our thoughts on the year ahead. The 2023 edition of R+I In Brief includes a collection of articles and case notes we have prepared as well…
DetailsFor 12 years, Kate kept chasing the rush that came with the cash and the compliment, with devastating results. She ultimately lost $500,000 on the pokies, including $12,000 in one stint, which put her on the brink of suicide. She shares her story not as an industry-termed problem gambler but as a victim of an…
DetailsGlobal law firm White & Case LLP has established its Global Financial Restructuring and Insolvency (FRI) Practice in Australia with the addition of Timothy Sackar and Jillian McAleese as partners in Sydney. “In today’s ever shrinking world, large corporate and financial restructuring projects cross multiple jurisdictional boundaries more often than not,” said White & Case…
DetailsMillions of families are borrowing to cover basic bills and expenses, according to analysis that warns Britain is entering a dangerous new phase of the cost of living crisis. Interest rates are expected to rise again this week and there are warnings about a timebomb of debt among poorer households. Reports suggest companies are targeting…
DetailsDepartment for Business & Trade The Insolvency Service Published 27 July 2023 Contents 1. Background of the Insolvency Service 2. Purpose of the review 3. Recommendations and conclusions Print this page Crown copyright 2023 This publication is licensed under the terms of the Open Government Licence v3.0 except where otherwise stated. To view this licence, visit nationalarchives.gov.uk/doc/open-government-licence/version/3 or write…
DetailsThe Insolvency Service Published 28 July 2023 Crown copyright 2023 This publication is licensed under the terms of the Open Government Licence v3.0 except where otherwise stated. To view this licence, visit nationalarchives.gov.uk/doc/open-government-licence/version/3 or write to the Information Policy Team, The National Archives, Kew, London TW9 4DU, or email: [email protected]. Where we have identified any…
DetailsThe Insolvency Service Published 28 July 2023 Contents 1. Data Sources and data validation 2. Methodology 3. Revisions 4. Quality Print this page Crown copyright 2023 This publication is licensed under the terms of the Open Government Licence v3.0 except where otherwise stated. To view this licence, visit nationalarchives.gov.uk/doc/open-government-licence/version/3 or write to the Information Policy…
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