That’s one of the predictions in this year’s edition of From Red to Black, Clayton Utz’s annual review of the dynamics of Australia’s Restructuring and Insolvency (R&I) market. After a slow start to the year, a combination of rampant inflation, constrained liquidity, under-pressure management and critically squeezed margins is contributing to an increase in R&I…
DetailsA glass door has been smashed at the Commonwealth parliament offices in Brisbane’s city centre during a series of mass union rallies held nationwide. The Brisbane rally was one of seven the Construction, Forestry, Maritime, Mining and Energy Union held across the country on Wednesday morning. The union is calling for industrial relation reform and…
DetailsA customer of collapsed building company Porter Davis claims he was encouraged to hurry up a payment, under the guise of a discounted rate, before the builder went into liquidation on Friday. Speaking to A Current Affair, George claims he was contacted last week and was offered a discount if he paid money to Porter…
DetailsHigh Court reporters The High Court has approved Personal Insolvency Arrangements that will allow a retired couple aged in their mid 70s to rent back their Dublin home after it is sold to a housing agency. Under the terms of the PIA Thomas and Catherine Carroll will remain in their home under a social tenancy…
DetailsCollapsed homebuilder Porter Daviss directors are being investigated for trading while insolvent as hundreds of customers risk losing their deposits. About 500 people attended a webinar with appointed liquidators Grant Thorntons Said Jahani, Matt Byrnes and Cameron Crichton earlier this week to hear they could lose their deposits if work on their projects had not…
DetailsHyderabad: The National Company Law Tribunal (NCLT) at Hyderabad took note of the default by Sukesh Gupta and his company, MBS Impex Pvt Ltd, in repaying loan taken from ICICI. The bank entrusted task of recovery to Rare Asset Reconstruction Ltd. Its counsel Dishit Bhattacharji told TOI that the tribunal admitted its application against Gupta…
DetailsAs many struggle to make ends meet, Local 4 has learned how certain debt consolidation companies may be preying on those looking to cut down their debt in Metro Detroit. The Better Business Bureau is now working with Help Me Hank to expose this problem and show you how to protect yourself. Theyre calling, texting,…
DetailsLiquidators appointed to take over collapsed Victorian home builder Porter Davis have warned some customers who had paid a deposit, but not had works begin, have been left uninsured. Key points: The liquidator says there are several building companies interested in buying the collapsed Victorian construction company Many Porter Davis customers were left uninsured while their…
DetailsPORT CHARLOTTE, Fla. Barbara Pellegrino has a story tens of thousands of Southwest Florida residents can relate to. It involves hurricane damage, a fight with her insurance company and ultimately an insolvency. You gotta take a deep breath, said Pellegrino detailing her six-month journey to Fox 4 Investigates. I gotta get my house fixed. Her…
DetailsJUMP TO Section Chevron icon It indicates an expandable section or menu, or sometimes previous / next navigation options. The Best Debt Settlement and Debt Management Services of April 2023 Methodology Most Types of Debt Settled Money-Back Guarantee Best for Customer Service Best for Credit Counseling How Do Debt Management and Settlement Services Work? The…
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