One Nation Senator Rod Culleton’s creditors have ‘no prospect’ of getting $6.1 million back, liquidator says – ABC Online

Creditors of a collapsed company of which One Nation Senator Rod Culleton is a director, have no hope of getting their money back, the liquidator says. The information is contained in a report to creditors of Elite Grains, written by PPB Advisory liquidator Jeff Herbert, and leaked to the ABC. “There will not be…

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Drastic change in Rockhampton’s September quarter insolvency – Rockhampton Morning Bulletin

SMALL business traders in Rockhampton are faring well financially against their Central Queensland counterparts, while non-business related insolvency rates are on the rise. This is reflected in the Australian Financial Security Authority’s latest regional personal insolvency and business-related insolvency rates for the September quarter. Released yesterday, a snapshot of Central Queensland revealed Rockhampton experienced the…

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Senator Bob Day officially resigns as ‘white knight investor falls through’ – SBS

After announcing his resignation last month, then changing his mind, Family First Senator Bob Day has handed in his notice to the President of the Senate. The now-former South Australian Senator made it official via a statement, which said the major investor that had been examining his Home Australia business over the past fortnight had decided…

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Bob Day liquidators deliver bad news – 9news.com.au

Every creditor of former senator Bob Day’s home building group except National Australia Bank is likely to come away with nothing, liquidators say. Liquidators for the Home Australia group met with creditors in Sydney and Melbourne on Thursday. “The information available to us suggests unsecured creditors will not receive any money,” McGrathNicol’s Matt Caddy said…

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Bob Day’s Home Australia: Liquidators chasing $15m from ‘$100 company’ – The Australian Financial Review

Bad news: Unsecured creditors at the Melbourne meeting of Family First Senator Bob Day’s failed home building business Home Australia were told they would receive nothing. Former senator Bob Day might have been targeted for ‘extortion’ as he tried to save his Home Australia business, according to a liquidators’ report. Mr Day first sought to…

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Travell Thomas pleads guilty to $31million debt collection scam … – Daily Mail

Travell Thomas, 38, admitted masterminding $31m debt collection scam Top card player burst into tears as he apologized in court on Tuesday He pleaded guilty to running a company which threatened thousands Debt collectors would force victims to pay inflated debts, court heard  By Jenny Awford for MailOnline Published: 03:48 +11:00, 3 November 2016 |…

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