Judge also cites the businessman’s ‘relentless heaping of blame on others’ in a judgement that found he was associated with or involved in contraventions of the law by Mayfair companies.
Sean Smith
First Guardian owes mainly superannuation investors $442 million, but they’ve been warned to expect ‘considerably’ less.
The future of dairy empire Mundella hangs in the balance amid revelations the yoghurt-maker’s debts have surged beyond a whopping $16 million.
Matt Mckenzie
The former boss of building company Modco Residential has been fined $10,000 almost two years after the business went under.
A fresh twist has emerged following the demise of Mundella Foods, Margaret River Dairy Company and Cheeky Cow.
The proposed deed of company arrangement by Jeanswest managing director George Yeung will settle up with staff and also include an estimated return of 2¢ in the dollar to unsecured creditors owed $13.2m.
It’s the end of the line for an almost seven-decade old icon in Western Australian luxury home building.
Perth is tipped to have the second-lowest rate of business failures among the capital cities over the next 12 months, as new figures from credit analysts CreditorWatch hint at a brighter outlook.
Cheyanne Enciso
CITIC Pacific tells court its Cape Preston deal does not include underwriting Clive Palmers “silly” and “idiosyncratic” plays.
Neale Prior
Insolvency experts have warned that Western Australia looks set for a surge in business collapses as the Australian Taxation Office clamps down on ageing debts.
Collapsed footwear brand Wittner has been thrown a lifeline by the company already behind some of the nation’s popular shoe retailers like Jo Mercer, Novo and Spendless Shoes.
Clive Palmer begins campaign to blame Cape Preston iron ore miner CITIC Pacific for $1 billion loss in Queensland Nickel collapse.
A popular group of WA dairy companies has been sent to administration amid growing pressure on the industry — but there are hopes the decades-old brands can be saved.
A second attempt to rescue the business behind luxury builder Zorzi has been pulled, leaving the famous Perth brand at risk of liquidation.
Toys R Us has collapsed into administration amid desperate recaptialisation efforts to right the beleaguered retailer.
Daniel Newell
The nation’s second-biggest private hospital operator, Healthscope, has gone into receivership after struggling to pay an outstanding debt worth over $1 billion.
Lucapa Diamond Company has lost its sparkle, with administrators called in to salvage the wreck caused by a lab-grown revolution.
Daniel Newell and Adrian Rauso
The future of a well-known Perth luxury builder hangs in the balance after a last minute proposal to buy the company out of administration.
Administrators have secured another two months to restructure hydrogen hopeful Infinite Green Energy after a late rescue bid was lobbed at the eleventh-hour.
Creditors have knocked back a proposal to revive troubled builder Inspired Property Group, instead sending the company to liquidation.
Three companies linked to the former owners of Zorzi Builders have lodged a $3.4 million legal action linked to their deal to exit the construction empire in 2019.
NRW will cop a $113 million impairment charge after the contractor revealed it may now lose rights to property thought to be pegged as security over unpaid work at the collapsed Whyalla Steelworks.
Simone Grogan
Administrators of collapsed home builder Inspired Property Group have knocked back a low-ball rescue bid and warned that the company was likely insolvent by June 2024.
Federal prosecutors fear alleged fraudster Michael Dunjey is trying to discourage former clients from engaging with investigators.
Matt Mckenzie & Neale Prior
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