A major apartment builder in Melbourne has suddenly stopped operating, vacating its offices and abandoning building sites, in an impending second collapse linked to Watersun Homes. The Victorian arm of Watersun Homes, WSH Group, was recently placed into voluntary administration with $20 million in debts. Play Video Don’t Play Thousands attend Anzac dawn services Play…
DetailsEtihad-controlled Italian flag carrier Alitalia is now a step closer to liquidation after its employees rejected a rescue plan negotiated by the government and unions that would have forced staff to take a salary cut in exchange for 2 billion in new cash needed to keep the company flying. In essence, pilots have clearly rejected…
DetailsThe Insolvency and Bankruptcy Code, 2016 (Code), consolidates and amends a slew of legislations governing the legal framework relating to reorganisation and insolvency resolution in a time-bound manner. Insolvency is a state or condition of a person who is unable to pay his debts. Bankruptcy on the other hand is a situation whereby a court…
DetailsAlan Bond’s family condemn ‘sensationalised’ Channel Nine biopic exit Alan Bond’s family is furious with Channel Nine’s House of Bond, labelling the miniseries “shameful” and “inaccurate”. Bond’s family fired off a strongly-worded statement on Monday night, just minutes after Nine’s television drama made its debut. The miniseries explores a fictionalised account of Alan Bond’s life,…
DetailsCALGARY, ALBERTA–(Marketwired – Apr 24, 2017) – Canadian Equipment Rentals Corp. (“CERC” or the “Company”) (TSX VENTURE:CFL) is pleased to announce that it has largely completed its restructuring efforts and entered into a Loan and Security Agreement with Maynbridge Capital Inc. (“Maynbridge”). The corporate restructuring and refinancing is the culmination of over ten months of…
DetailsAlan Bond’s family is furious with Channel Nine’s House of Bond, labelling the miniseries “shameful” and “inaccurate”. Bond’s family fired off a strongly-worded statement on Monday night, just minutes after Nine’s television drama made its debut. Play Video Don’t Play Trailer: The Voice Australia 2017 Play Video Don’t Play Video duration 00:19 Previous slide Next slide…
DetailsThe founder and former trustees of the collapsed charity Kids Company could be banned from holding company directorships. The youth organisation folded amid a storm of controversy in August 2015 – just days after receiving a £3 million Government grant in a final bid to keep it afloat. Kids Company received more than £42 million…
DetailsThe entrance to Forres Enterprise Park. A MORAY company has gone into liquidation with the loss of 11 jobs. Staff at the Forres-based Scotland Electronics (International) Ltd were made redundant on Friday. A petition seeking the winding-up of the business was raised by Her Majestys Revenue and Customs (HMRC) in February, and a winding up…
DetailsBy Press Association Published: 06:24 +10:00, 25 April 2017 | Updated: 06:24 +10:00, 25 April 2017 e-mail The founder and former trustees of the collapsed charity Kids Company could be banned from holding company directorships. The youth organisation folded amid a storm of controversy in August 2015 just days after receiving a £3 million Government…
DetailsWHEN a long-standing Toowoomba business went into voluntary administration, two friends made sure 25 employees and more than 400 customers would not be lost. Dale and Linda Ostrofski and Steve and Sandy Cay bought metal coatings business VT Industrial Coatings and renamed it PBS Specialty Coatings. The VT Industrial Coatings group went into voluntary administration…
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