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Brazil plans changes to bankruptcy law to help recovery: source
BRASILIA Brazil plans to overhaul its bankruptcy law to help troubled companies survive a two-year recession that has led a record number of them to suspend debt payments, a senior member of the government's economi.
Senator Rod Culleton goes to hospital after being served bankruptcy papers
Witness Frank Bertola said Senator Culleton fell during a fracas outside Perth Magistrates Court on Tuesday morning as One Nation member Anthony Fels was trying to serve him bankruptcy papers. Mr Bertola.
Brazilian Companies File Bankruptcy in Record Figures
Even more companies of this size are expected to file for bankruptcy in 2017. Reuters reported that PDG Realty was considering seeking creditor protection if banks didn't refinance the homebuilder's loans.
Australian Construction Firms Owed $15.4 billion in Unpaid Debt
The latest data follows ongoing concern about the level of insolvency with the building sector throughout Australia. A Senate Inquiry into construction industry in 2015 talked of a 'culture of non-payments.
Retailers may dominate bankruptcy headlines in 2017
Energy companies grabbed the biggest bankruptcy headlines in 2016 as U.S. bankruptcy filings in the sector rose 56% year-over-year (228 in 2016 from 146 in 2015), according to data collected by The Deal. Much of that ris.
Culleton appeals bankruptcy decision
Sky News Australia
A defiant Rod Culleton is still a senator, after the Western Australia federal court has ruled a stay on him being officially ruled bankrupt until the 20th. The ruling means Senator Culleton has until then to appeal last month.
Jamieson Louttit & Associates are a boutique insolvency practice based in the Sydney CBD. We work with a variety of corporate clients including private equity firms, listed and unlisted companies, first and second tier financiers and wealthy individuals.
If you are experiencing financial distress or if you need any assistance with an insolvency related matter contact us for an obligation free discussion on how we can help.