From Float To Failure: The Ugly Story Of Dick Smith Early last month, the Senate announced an inquiry with terms of reference that cover the collapse of Dick Smith Electronics. There is a lot for senators to pore over in the float and failure of Dick Smith. From its float to its failure, the story […]
Newcastle Jets in liquidation
Newcastle Jets in liquidation DOZENS of unsecured trade creditors of Nathan Tinkler’s failed Newcastle Jets operation face a disastrous outcome, with liquidators saying they won’t receive any money unless legal action is successful. Creditors voted unanimously at a meeting in Newcastle on Thursday to place Newcastle Jets Football Operations, that buckled under the weight of […]
Insolvency
Insolvency Insolvency is a term that can apply to either an individual or a business, but is more often used in relation to a business or company. A business is said to be insolvent when it cannot pay its debts when they are due. It is an offence if the directors continue to operate and […]
