FRASER Coast residents are struggling to pay off their debt, with a total of 48 people and businesses going bankrupt in the last financial quarter. In Maryborough, 15 people declared bankruptcy, compared to 25 in Hervey Bay, between July and September. The number was about the same as the March to June quarter, which saw…
DetailsNewsWritten by Zanda Wilson on November 1, 2016 Smashing Pumpkins frontman Billy Corgan has failed in his attempts to gain control over TNA wrestling, with a Nashville judge throwing out his case against the company, which he became president of earlier this year. Corgan, who is a massive fan of pro wrestling, became president of…
DetailsVirgin Australia, like Qantas, is being hit by weak demand for domestic airline seats. The airline today posted an underlying loss before tax of $3.6 million for the first quarter of the financial year, a fall of $12.1 million on the same period the year before. The statutory loss after tax for the quarter was…
Details31 October, 2016 Changes to Australias corporate insolvency laws are set to come into effect in 2017 and will result in an increase of powers for creditors in external administrations. IN BRIEF Greater powers afforded to creditors will include the ability to give directions to an external administrator, request the external administrator to convene a…
DetailsSTATE Security minister Kembo Mohadi and two co-applicants, John and Josias Moyo, have filed an urgent chamber application seeking an order allowing them to file their heads of argument in a legal wrangle, where they are fighting businessman, Reginald Dawson over the liquidation of two Beitbridge companies. BY SILAS NKALA The latest court bid, filed…
DetailsBob Day has resigned from the Senate for the second time in a fortnight, leaving the Turnbull government short one critical vote for its plan to reintroduce the building industry watchdog. The Family First senator has thrown in the towel on his political career, effective immediately, saying a white knight saviour for his stricken building business had failed…
DetailsVirgin Australia has joined rival Qantas in announcing a tough start to the year, with soft demand pushing the number two carrier to a first quarter loss. Australia’s second-biggest airline has booked a net loss of $34.6 million for the three months to September 30, hurt by a weak domestic market and restructuring charges. That…
DetailsFamily First senator Bob Day has tendered his resignation, effective immediately. Key points: Day earlier signalled his intention to resign, but pulled back on that announcement Pressure has been mounting on him to resign after his company went into liquidation Day says he will now work with those affected by the closure of his…
DetailsSouth Australian senator Bob Day has resigned from parliament, effective immediately, in the wake of the collapse of his building business. The Family First senator, who first flagged resigning a fortnight ago after the business went into administration, appeared to change his mind last week saying there wasnt time to find a replacement and that…
DetailsMeghan Markle, 35, was slammed by her half-sister, Samantha Grant Miss Grant accused the actress of failing to support her family Miss Markle’s father went bankrupt in September with huge debts Her half-sister said the Prince would be ‘appalled by what she’s done’ In a recent interview the Suits star said ‘I’m the luckiest girl…
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