It seems like common sense but apparently not and it's taken the Federal Court of Australia to make a final determination that insolvency practitioners must maintain separate bank accounts for each estate they administer. Now the question has be...
BizLawCentral: not so funny as comedian jailed for bankruptcy offences
Anthony Lee Wright, described by the prosecution as "a former comedian" didn't make the Court laugh as it heard how he cheated in a bankruptcy.
Insolvency: UK Court makes bankruptcy restriction order following breaches
Simon Chalk, an ocean rower, property developer (trading as Woodvale) and night-club owner today received a five-year Bankruptcy Restrictions Order at Torquay and Newton Abbot County Court following an investigation by The Insolvency Service.
BizLawCentral : proposed reform of supervision of Australian insolvencies
A report by an Australian Senate committee says that ASIC, which is in the process of taking over some market supervision functions, is "overburdened" and should be stripped of its supervision of insolvency practitioners and their indu...
Insolvency: ASIC winds up "fundraising arm" of Gold Coast developer
The Supreme Court of Queensland, on the application of The Australian Securities and Investment Commission, has wound up four companies: Supersafe Australia Pty Ltd, Supersafe Qld Pty Ltd, Northcoast (Qld) Australia Pty Ltd and Supersafe N.S.W....
The liquidators of Stanford International Bank (SIB) are themselves reportedly in deep financial trouble; the liquidator, Vantis Business Recover...
BizLawCentral - Insolvency: ASIC v one.Tel marathon to continue.
Starting in the wild and woolly early days of telecoms de-regulation, an investigation into the collapse of Australian discount carrier one.Tel r...
BizLawCentral: company wound up for sharp business practices
The UK Insolvency Service have wound up a company following findings that its business practices were at best dubious.
Insolvency: director banned from airports and jetties.
Don't leave Australia; don't try to get your passport back from the authorities - and don't "attend any points of international departure.&q...
Insolvency: Aus gov. sues KPMG
The Australian government's ASIC (Australian Securities and Investment Commission) has commenced a civil action against KPMG arising out of the W...
Insolvency law
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