Jul 12, 2023 6.06pm Businesses holding assets in trusts should operate under the same laws as other corporations when they fall into financial strife to better help creditors get more of the money theyre owed and sooner, a parliamentary committee has recommended. The committee made 28 recommendations, including accepting all the measures proposed in the…
DetailsAmong the insolvencies handled by Begbies were Paperchase, Worcester Rugby Club and the operator of the Park Lane Casino. (David Davies/ PA) (PA Wire) Insolvency specialists Begbies Traynor said the amount of companies going bust could keep rising all the way into 2024, but the growth will be steady rather than a sudden jump. Profit…
DetailsRestaurants across the UK are going insolvent at a pace not seen for more than a decade. A total of 3,347 restaurants have been unable to pay their debts in the past two years to March 2023, according to data from the Insolvency Service. During the first three months of 2023, an average of six…
DetailsNormal text sizeLarger text sizeVery large text size Sydney accountant Benjamin Carter allegedly misused his position at a brewery owned by NRL star Nathan Cleary and UFC star Tai Bam Bam Tuivasa as part of a $26 million fraud all to feed his pathological gambling addiction. Carters pregnant partner, herself accused of covering up the…
DetailsJoin our daily newsletter At The Bell to receive exclusive market insights Optima Technology Group (OPA) and its subsidiary, Optima Technology Group (Operations), enter voluntary administration The companys directors appointed Glen Kanevsky and Jason Tracy from Deloitte Financial Advisory as joint and several administrators The directors believe voluntary administration would have the best outcome for…
DetailsAustralia’s corporate insolvency system is too complex, hard to access and unnecessarily costly and needs a major overhaul. That is the conclusion of a long-running inquiry into the system by the federal parliament’s corporations and financial services committee released on Wednesday. “Australia’s corporate insolvency system is overly complex, difficult to access, and creates unnecessary cost…
DetailsCalia’s Melbourne CBD location. Source: Facebook Upmarket Melbourne CBD eatery Calia has collapsed into voluntary administration, owing an estimated $2 million to Australian diner loyalty platform Liven and raising questions for diners with unredeemed restaurant credits. Documents listed by the Australian Securities and Investments Commission (ASIC) show Calia Australia, which operates the flagship restaurant and…
DetailsAmong the insolvencies handled by Begbies were Paperchase, Worcester Rugby Club and the operator of the Park Lane Casino. (David Davies/ PA) (PA Wire) Insolvency specialists Begbies Traynor said the amount of companies going bust could keep rising all the way into 2024, but the growth will be steady rather than a sudden jump. Profit…
DetailsSAN FRANCISCO, July 11, 2023 (GLOBE NEWSWIRE) — Shift Technologies, Inc. (Nasdaq: SFT), a consumer-centric omnichannel used auto retailer, today announced a plan to restructure and reduce the Companys workforce to better align people and responsibilities with the Companys omnichannel sales strategy. The restructuring plan is the result of a review by the Companys recently…
DetailsWednesday July 12, 2023 Advertisement Advertisement Queensland’s thin blue line gets green light to recruit up to 500 new overseas cops Charles Manson follower walks free from prison after 50 years behind bars Ascot Panoramic Brisbane vistas LIV and let die: How Greg Norman’s rebel golf tour tried to boot him out A life of…
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