Madam Chos house was splashed with red paint on Sept 10. She believes the incident is linked to her son not settling his debts with loan sharks. MADAM Cho (not her real name) believes her sons online gambling addiction has driven him to borrow cash from illegal moneylenders. On Sept 10, the senior citizens house…
DetailsThe owner of a Brisbane building company that collapsed owing more than $5.5m now faces legal action over his family home in an exclusive suburb. Mansfield-based Bulkbuild Pty Ltd into voluntary administration in June and later liquidators Hall Chadwick’s Ginette Muller and Marcus Watters were appointed. The liquidators have filed an application with the Supreme…
DetailsA Perth catering company and its director have been ordered by a local magistrates court to pay more than $20,000 in fines, costs and consumer compensation after failing to turn up at a wedding reception and botching a birthday celebration. Eat Street Enterprises, trading asOle Paella Catering, and sole DirectorBradley John Lambwere fined $3,500 each…
DetailsAn Albury businessman has been declared bankrupt in a win for the Commonwealth which says he owes it more than $10 million following a long-running court battle. The Commonwealth had applied to the Federal Court for a sequestration order against Allan Paul Endresz . He opposed it on a number of grounds, including a submission…
DetailsMinisters are in talks to extend a moratorium aimed at preventing a deluge of company insolvencies amid fears that renewed trading restrictions will tip thousands of businesses beyond the brink of collapse. Sky News has learnt that officials are discussing an extension of the ban on statutory demands being used as the basis for winding-up…
Details(MENAFN – AzerNews) By Trend The Compulsory Insurance Bureau of Azerbaijan paid compensations to approximately 1,000 creditors of Standard Insurance Company OJSC, which was declared bankrupt, Trend reports,referring to the bureau. In accordance with the Azerbaijani legislation, the bureau has begun fulfilling its obligations under compulsory insurance contracts concluded with the insurance company, and within…
DetailsNew York yellow cab drivers block bridges to demand debt relief By Shuvu Batta19 September 2020 In the late morning and early afternoon Thursday, caravans of taxis blocked the Brooklyn Bridge and Queensboro Bridge in New York City, bringing traffic to a halt on two of the major entrances to Manhattan. Taxi drivers staged the…
DetailsDate published: September 19 2020 The board of SA Super Rugby (Pty) Ltd which trades as the Southern Kings has placed the insolvent company into voluntary liquidation to secure the longer-term financial future of rugby in Eastern Province. The shareholders the Eastern Province Rugby Union (EPRU) and SA Rugby took the decision in the face…
DetailsDeloitte UK has been forced to drop plans to sell its restructuring practice after its global parent company vetoed the disposal on the grounds that it could have an adverse impact on the rest of the firm, according to three people with knowledge of the matter. The Big Four accounting firm held a call with…
DetailsFinance Minister Nirmala Sitharaman on Saturday said law provides for carrying out insolvency and bankruptcy proceedings against corporate debtors as well personal guarantors together. She was replying to a debate on the Insolvency and Bankruptcy Code (Second Amendment) Bill, 2020, in the Rajya Sabha which passed the proposed legislation to replace an ordinance in this…
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