Latest Insolvency News

Job risk from $100bn mine rehab charge – The Australian - November 11, 2018

The Australian Job risk from $100bn mine rehab charge The Australian Modelling conducted by EY on behalf of the mining industry and issued exclusively to The Australian shows 11 producers controlling 16 mines are at high risk of ''net asset deficiencies'', which indicates potenti.

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Australia: Forging a path to protecting subcontractor payments in insolvency – Mondaq News Alerts - November 10, 2018

Australia: Forging a path to protecting subcontractor payments in insolvency Mondaq News Alerts Introduction. On 11 February 2014, voluntary administrators were appointed to a large construction enterprise known as the Forge Group which had become insolvent. At the time of its insolvency, Forge was .

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Australia: Perception is paramount: Administrator denied appointment as liquidator – Mondaq News Alerts - November 09, 2018

Australia: Perception is paramount: Administrator denied appointment as liquidator Mondaq News Alerts This week's TGIF article looks at the decision of Hooke v Bux Global Ltd (No 6) [2018] FCA 1545, where Bux Global Ltd (Bux Global) was wound up on just and equitable grounds and the perceived i.

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Amid abuse lawsuits, Guam archdiocese to file for bankruptcy – Catholic Herald Online - November 09, 2018

Catholic Herald Online Amid abuse lawsuits, Guam archdiocese to file for bankruptcy Catholic Herald Online The declaration 'will bring the greatest measure of justice to the greatest number of victims,' Archbishop Michael Byrnes said. The Archdiocese of Agaña, Guam has announced that it w.

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Debt forces bankruptcies on younger Australians | The Courier-Mail – Courier Mail - November 08, 2018

Courier Mail Debt forces bankruptcies on younger Australians | The Courier-Mail Courier Mail An explosion in easy access to credit, online services and buy-now-pay-later schemes is causing snowballing debts among young people. Many don't realise ... and more ».

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Australia: Bad asset protection strategies – Mondaq News Alerts - November 08, 2018

Mondaq News Alerts Australia: Bad asset protection strategies Mondaq News Alerts Worrells was appointed to a bankrupt estate where real property, registered in the bankrupt's name and subject to a mortgage taken out by the bankrupt, was not disclosed in the bankrupt's formal disclosure of .

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