Creditors have allegedly been cheated in a complicated scam involving a registered trustee, an insolvency advisor and a bankrupt person. A series of properties were raided across South East Queensland on Wednesday with records seized in relation to suspected fraudulent behaviour. During the bankruptcy, a registered trustee and a pre-insolvency advisor are alleged to have…
DetailsPhoto by Tim Mossholder on Unsplash Abstract Entertainment is winding up after entering voluntary liquidation. The promoter and event planning business owes close to $700,000 to 95 individual creditors spanning ticketing companies, musicians, radio networks, venues and promoters. Its related entity, Abstract Touring, is still trading, and recently announced the Belinda Carlisle Tour of Australia…
DetailsThe founder and CEO of an Australian restructuring advisory is urging struggling travel companies to urgently seek financial advice before JobKeeper is wound back. Last month, Mackay Goodwin was appointed to handle the voluntary administration process of JMW Travel, which traded as Victorian travel agencies Helloworld Monbulk and Helloworld Bentleigh, as well as Nexus Business…
DetailsI lost thousands gambling … then tried to kill myself: One lost her home and husband. Another borrowed money for bets from her son. As the number of female problem gamblers in Britain tops 75,000, four victims share their desperate stories Number of problem female gamblers in the UK hasrisen by a third in five…
DetailsThe country’s loan restructuring program has reached nearly Rp 1 quadrillion (US$70.5billion) as borrowers reel from economic downturn during the pandemic. The Financial Services Authority (OJK) reported Friday the amount of restructured loans was recorded at Rp 987.48 trillion as of Feb. 8, involving 101 banks. Some 39.3 percent are from 6.15 million small business…
DetailsAustralian Fashion Labels has been acquired by a group of private investors, the company has shared. Australian Fashion Labels entered voluntary administration on January 6th 2021. The purchase includes the collective view to bring back employees, who were the heart of the company and grow further jobs in the fashion industry. This acquisition includes the…
Details* Sudan struggling with long economic crisis * Currency reform paves way for aid, debt relief * Dollar trade in banks still subject to restrictions * Black market currency activity has plummeted By Nafisa Eltahir, Khalid Abdelaziz and Patrick Werr KHARTOUM, March 3 (Reuters) – Sudans devaluation of its currency last month, a long-awaited step…
DetailsHighlights Freeport East go-ahead ‘delivers on PM’s words’ Plan to help decarbonize Sizewell construction site Buses, then trucks, trains, vessels the first use cases London Ryse Hydrogen plans to install a 6 MW electrolyzer at the Sizewell nuclear site in Suffolk as a launchpad for mass production of low carbon hydrogen in and around the…
DetailsMedical debt is piling up for Americans but how do you handle it without ruining your credit? (iStock) No doubt about it,Americans are drowning in medical debt. One recent study indicated that 137 million Americanswere battling onerous medical debt- and that was just before the coronavirus pandemic rolled into the U.S. Another more recent study…
DetailsIan Defty, partner at Begbies Traynor and insolvency advisor at Integrated Dispute Resolution. By Ian Defty, partner at Begbies Traynor and insolvency advisor at Legal Futures Associate Integrated Dispute Resolution. It is fair to say that there has, for many years, been a difference of opinion between the law governing personal insolvency and matrimonial law…
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