A NEWCASTLE builder accused of leaving five Hunter families out of pocket and with unfinished or ‘defect-riddled’ homes has been declared bankrupt. Ben Geary, of BJG Builders, filed for bankruptcy just days after Charlestown MP Jodie Harrison launched a scathing attack on him using parliamentary privilege in November. Ms Harrison said Mr Geary, of Lake…
DetailsFamed sports gambler Billy Walters was among the 143 people to which outgoing President Donald Trump granted clemency in his final day in office. Walters was among the 70 people who were commuted, meaning the crime isnt wiped from his record but his required time served is being reduced. Advertisement Walters was convicted in 2017…
DetailsThe Aryza Group has today announced the acquisition of HubSolv, a move that will significantly strengthen Aryzas already dominant position within the financial services and insolvency market. Aryza incorporates technology such as Open Banking and AI-informed decision making to seamlessly automate the financial restructuring and recovery journey. HubSolv has developed a suite of fully automated…
DetailsMore than 12,500 firms across the North East are now in financial difficulty, latest research reveals, with business trade bodies warning the figure is just the tip of the iceberg. Business distress has soared by 31% across the region since the end of 2019, with more than 3,000 more businesses now reporting financial trouble, according…
DetailsBy Wayne Robinson | 20 January 2021 One of Melbournes major large format print businesses Magnify Media is in voluntary administration, with debts approaching $5m. Magnify in administration: John Duplock Four parties are currently in discussions with the administrator over buying the business, which is continuing to trade on a week-by-week basis, and is being…
DetailsRationale Asset Management PLC, Value Asset Management PLC and Merydion Corporation Limited were wound up in the public interest on 12 January before ICC Judge Prentis. The Official Receiver has been appointed liquidator of the companies. During the proceedings, the court heard that Rationale Asset Management and Value Asset Management acted as property investment companies…
DetailsThecompanybehind a32m development, intended to help regenerate Kilburn High Street,has gone into administration afteryears ofdelays. It has left buyers,who put hefty deposits intoapartments,in limbo aftertheir move-in dates were repeatedly delayed. Others, who have moved in,sayhave spentmonthsliving on aconstruction site. The Park Placeproject a ten-minute walk from West Hampstead train station wasmeant to house 60 luxury…
DetailsTimothy Dunn Stephen Skorbinski As we promised in our first article in this series, we will now discuss the advantages available to municipalities if it is determined that they can rely upon Canadas insolvency legislation to restructure their affairs. If applicable, the Bankruptcy and Insolvency Act (BIA) or the Companies’ Creditors Arrangement Act (CCAA) federal…
DetailsLotus Dining Group Pty Ltd is a dormant holding company which doesn’t trade or operate any restaurant and its voluntarily liquidation did not impact on the operation and trading of Lotus restaurants. Lotus temporarily closed all but its Barangaroo restaurant in March due to lockdown laws imposed at the height of the pandemic. “It is…
DetailsGibson Dunn | Gibson Dunn Recognized in 2020 GRR 100 January 20, 2021 Global Restructuring Review listed Gibson Dunn in the GRR 100, the annual guide to the worlds leading law firms for cross-border restructuring and insolvency matters. The publication noted that, Gibson Dunn & Crutcher has long been considered a leading name in US…
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