Business
FTX was run as a “personal fiefdom” of former CEO Sam Bankman-Fried, lawyers for the collapsed crypto exchange have said in its first bankruptcy hearing as they detailed ongoing challenges such as hacks and substantial missing assets.
Business
The final chapters of the $2.5 billion MFS debacle are being written after the Federal Court ordered that the company’s former chief executive, Michael King, be bankrupted following his failure to pay a pecuniary penalty order of $300,000.
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The Department of Prime Minister and Cabinet wanted to see whether people applying for bankruptcy might be put off by a late-stage information campaign.
Despite the economic downturn, bankruptcies in the September quarter fell to a record low. Everyone is watching what happens next.
Brisbane debt collector Collection House said much of its $145 million in write-downs was not because of the impacts of COVID-19 but its deliberate reshaping of its business model.
