Adelaide wheelie bin maker rolls into administration – InDaily

The jobs of around 160 workers are uncertain after an Adelaide plastics manufacturer and supplier of wheelie bins to councils entered voluntary administration after 30 years of trading. Bins made by Trident Plastics on Adelaide streets. Photo: City of Charles Sturt. St Clair-based Trident Plastics cited manufacturing and supply chain challenges, the impact of COVID-19…

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Great Construction Company Collapses: What to Do If Your Builder … – Mirage News

Residential construction companies in Australia have been toppling like dominoes, and this has left many depositors in a very difficult financial position. Like an uncontrolled demolition, construction companies have been collapsing at a rate that has not been seen for almost a decade. As of late June 2023, ASIC data shows that 2023 construction companies…

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Founder of 'shelf company' Bioelektra Australia 'duped' Shoalhaven council, NSW Parliament told – ABC News

New South Wales Parliament has been told the founder of a collapsed Australian waste operator came from “nowhere” to “dubiously dupe” a council into a contract worth millions of dollars. Key points: Kiama MP Gareth Ward has used parliamentary privilege to accuse Bioelektra Australia and its founder of ripping off Shoalhaven council The waste operator was placed…

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More than 31,000 Malaysians under 35 are bankrupt: Minister – Coconuts

A total of 31,140 individuals aged 35 and below have been officially registered as bankrupts between 2014 and May 2023, as per the Malaysian Insolvency Department (MDI) records, according to Deputy Minister in the Prime Ministers Department (Legal and Institutional Reform) Ramkarpal Singh. Taking note of this concerning situation, he said the government has taken…

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International Insolvency Institute names first Asian president – Australasian Lawyer

The International Insolvency Institute draws its membership from the most senior and respected insolvency practitioners, judges, and academics. Ramesh was a member of the organisation since 2006 and served as one of the institutes vice presidents until his appointment as its president. He will be succeeding outgoing president John Martin, a Norton Rose Fulbright partner…

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