Dyldam was once a towering force. The accounts falsely stated that another Dyldam group company — that Maria's husband, Sam Fayad, was director of — had made a $6.5 million loan to Plaza West. Mr Pogroske said Bower's director on paper, Mr Banks, wasn't able to make payments, raise clients' invoices, or even hire a receptionist without the approval of …
The director of an embattled funeral insurer that has left thousands of people without cover says he tried his best to save the company and protect its customers. Key points: Youpla funeral funds went into liquidation in March this year Liquidators are investigating millions of dollars paid in dividends over decades Advocates want the regulator to "vigorously investigate" possibility of …
At least 1,000 businesses are engaging in insolvent trading with virtual immunity from legal action, according to the peak body representing Australia's insolvency practitioners. Key points: When economic conditions are relatively favourable, the number of businesses going into administration is about 8,000 a year Despite the COVID crisis, the latest number of businesses folding is below that, raising fears that …