A bankrupt and once trusted office manager who is serving jail time for stealing $3.2m from her employer to fund her gambling addiction is facing a second bankruptcy. Wendy Ann Aspinall’s former employer Down to Earth Demolitions, from Cairns, filed a creditor’s petition in the Federal Court in Cairns late last month asking the court…
DetailsA staff member of Saitama Prefectural Police’s international investigation department, left, is seen speaking about the illegality of gambling to Vietnamese students at Urawa vocational school in Saitama’s Urawa Ward, on Feb. 25, 2021. (Mainichi/Hayato Narisawa) SAITAMA — Prefectural police in the greater Tokyo area have launched an awareness campaign over the dangers of illegal…
DetailsThe Star Entertainment Group has doubled down on its bid to sue an Asian billionaire who racked up a $43 million gambling debt at its Gold Coast casino. VIP high roller Dr Wong Yew Choy allegedly dishonoured a blank cheque after a five-day losing streak playing baccarat at The Star Gold Coast. After losing an…
DetailsAustralian Institute of Credit Management Press release for 2021 Risk Report Businesses buoyed by Government stimulus to face cashflow pressures in coming months Corporate and personal insolvencies have declined to record low levels following the implementation of COVID-induced temporary protections, according to the 2021 AICM Risk Report. Drawing on data insights and the AICMs network…
DetailsGeneral Admission Events has gone into liquidation with debts of $150,000. The Adelaide music events company provided hospitality services, including staff and bar operations, to national festivals Groovin The Moo, FOMO, Parklife, Soundwave and Future Music. Its director Gareth Lewis told the Adelaide Advertiser that the company was affected after the collapse of FOMO Festival…
DetailsThe Northern Ontario School of Medicine building on the Laurentian University campus in Sudbury, Ont., on Feb. 1, 2021. Gino Donato/The Globe and Mail Tenured professors at Laurentian University expect to know Monday whether they will be laid off as part of an extraordinary restructuring aimed at cutting costs at the insolvent and debt-burdened school.…
DetailsThe idea of forgiving debt held by poor countries in exchange for green investments gained ground this week during the spring meetings of the IMF and World Bank, with concrete proposals expected in time for a global climate summit this fall. Low-income countries face a double crisis they are under pressure to pay down their…
DetailsThe Star Entertainment Group has doubled down on its bid to sue an Asian billionaire who racked up a $43 million gambling debt at its Gold Coast casino. VIP high roller Dr Wong Yew Choy allegedly dishonoured a blank cheque after a five-day losing streak playing baccarat at The Star Gold Coast. After losing an…
DetailsWith any business, no matter what its size, potentially facing a reversal of fortune, innovative thinking can be as important to your companys survival as capital. The business challenges of the past 12 months have brought into focus that any director or manager can be too close to their own business; so close in fact…
DetailsIntroduction Inclusions Exclusions Active mass of married persons Introduction Article 192 of the Consolidated Text of the Bankruptcy Law (TRLC) introduces the concept of the ‘active mass’ of a bankruptcy, which constitutes all of the assets and rights integrated into the bankrupt’s assets on the date of the declaration of bankruptcy, as well as those…
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