By ZAK WHEELER FOR DAILY MAIL AUSTRALIA Published: 19:15 AEDT, 5 July 2024 | Updated: 20:57 AEDT, 5 July 2024 A celebrity chef’s hospitality empire has crumbled following the collapse of his eighth venue in the space of just six weeks. Administrators were called in to take over award-winning chef Shannon Kellam’s French restaurant Montrachet,…
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A string of companies involved in the building industry have collapsed into liquidation with cumulative debts of more than $45 million. A news.com.au investigation has found that 11 companies that appear to be linked to a cabinet manufacturing factory in Sydney’s Wetherill Park and also with offices in Melbourne and Hong Kong part of the…
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Queensland cafe and catering company Frigg, which has five outlets across both the Gold Coast and in Brisbane, has gone into voluntary liquidation. The twin sisters behind the company, Maria Noutsatos and Toula Scott, say they made the announcement with a “heavy heart”, but after years of challenges ranging from the COVID-19 pandemic and natural…
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If you saw them on the street, they would seem like a happy, completely normal Aussie family. But Kathryn and Mike Arnold, in their 40s, have left behind an unhappy trail of creditors dating back decades. The Sydney duo make quite the pair – Mike is bankrupt and has been banned from running his own…
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The failure of three construction companies over a three-year period has seen a Queensland company director disqualified from managing corporations for five years. Wamuran’s Miroslav Jack Samardzija, was a director of three companies: Caboolture Developments Pty Ltd, Sinopacific Constructions Pty Ltd, and Land Invest Pty Ltd. These companies, which were involved in Brisbane’s construction and…
DetailsA 16-year-old Melbourne boy was able to gamble nearly $100,000, including at suburban pubs, despite his mother desperately seeking help, a court has heard. The Melbourne magistrates court heard that when his mother discovered his gambling habits, she began a frantic mission to get him help, only to be repeatedly turned away. In April last…
DetailsWith businesses collapsing at levels not seen since 2012, Grant Thornton Australias John McInerney suggested that the small business restructuring scheme could be a more favourable option than a payment plan. He made the comments ahead of his session at the ACE24 Accounting Conference and Expo 2024, where he will unpack how accountants can help…
DetailsSouth Australian small businesses are facing a choice between calling in the liquidators or bringing in restructuring firms to go on payment plans amid mounting tax debts owed to the Australian Tax Office (ATO). At an information night held three weeks ago by licensed small business restructuring (SMB) firm Small Business Restructuring Specialists, five clients…
DetailsIn a society that normalizes debt, most people have multiple repayment responsibilities every month: credit cards, mortgages, car loans, student loans, lines of credit and personal loans. Personal finance isn’t widely taught in schools, but managing your money is an essential life skill. Spreadsheets and apps are helpful as tools to add inputs but often fall…
DetailsThese top debt relief companies could help alleviate the headache caused by high-interest credit card debt Getty Images While inflation has been slowing down recently, years of rising costs and high interest rates have weighed on many Americans. So, if you’re now struggling to pay off high-interest credit card debt, know that you’re not alone.…
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