Results for Australia
- Australian-Owned Iron Ore Mine In Norway Files For Bankruptcy
The Norwegian mining subsidiary of Australia's Northern Iron Ltd will file for bankruptcy on Wednesday as its $100 million debt has become unsustainable, Northern Iron told a new conference on Wednesday. Attempts to find new investors for the Sydvar ...
Daily Headline - global.abi.org - 11/18/2015 - 22:48 - 0 comments
- Australia Consumer Confidence Sags as Mortgage Rates Rise
Higher mortgage rates for millions of homeowners are shaking consumer confidence and raising the likelihood that Australia’s central bank will cut rates before the end of the year to help stave off a recession, The Wall Street Journal reported. The c ...
Daily Headline - global.abi.org - 10/27/2015 - 20:44 - 0 comments
- ASX-Listed Health Service Provider Collapses Into Voluntary Administration
A health service provider that was turning over approximately $1.2 million has collapsed into voluntary administration, SmartCompany.com.au reported. Fitgenes was incorporated in 2009 and provides personalised health care using a patient’s genetic predis ...
Daily Headline - global.abi.org - 10/08/2015 - 21:26 - 0 comments
- Yatango Mobile Startup Division Collapses Into Voluntary Administration
The mobile division of consumer data startup Yatango has entered voluntary administration. According to records from the Australian Securities and Investments Commission, Yatango Mobile (Australia) entered voluntary administration on September 29. Hugh A ...
Daily Headline - global.abi.org - 10/01/2015 - 22:10 - 0 comments
- Payday Lender's Licence Suspended Due To Insolvency
The Australian Securities and Investments Commission (ASIC) has suspended the credit licence of PAID International Ltd until April next year because it is insolvent and stopped providing loans, ABC News reported. An external administrator was appointed i ...
Daily Headline - global.abi.org - 09/21/2015 - 21:35 - 0 comments
- WDS In Receivership Stokes Fears For Workers
Loss-making Fortitude Valley-based energy and mining contractor WDS has gone into receivership, The Australian reported. The appointment by WDS’s major secured creditor, GE Commercial, of Quentin Olde and John Park from FTI Consulting as receivers an ...
Daily Headline - global.abi.org - 09/03/2015 - 22:34 - 0 comments
- Quickflix Suspends ASX Trading As Troubled SVOD Player Looks To Avoid Insolvency
a $0.001 giving the company a market capitalisation of just $2.2m. The announcement also said ...
Daily Headline - global.abi.org - 08/31/2015 - 19:13 - 0 comments
- Call To Extend Directors’ Safe Harbour To Insolvency
With Australia on the cusp of a “looming liquidity crisis’’, corporate turnaround specialists have urged so-called safe harbour laws to protect directors and their advisers in informal corporate restructurings, The Australian reported. While the prop ...
Daily Headline - global.abi.org - 08/30/2015 - 15:52 - 0 comments
- Power Down: WA Electrical Contractor Collapses Into Voluntary Administration
A Western Australian electrical contractor that has been operating for more than 30 years and supplied machinery for mining in the Pilbara region has collapsed into voluntary administration, SmartCompany.com.au reported. Cape Range Electrical Contractors ...
Daily Headline - global.abi.org - 08/25/2015 - 20:32 - 0 comments
- Union Calls For Insolvency Inquiry To Visit Adelaide After Tagara Builders' Collapse
An inquiry into insolvency in the construction industry should visit Adelaide to listen to the experience of the building industry in the wake of the collapse of Tagara Builders, according to a union official, ABC News reported. Tagara had about $70 mill ...
Daily Headline - global.abi.org - 07/13/2015 - 19:54 - 0 comments