http://www.liquidationdirect.com.au/portal Liquidation Direct provides advice in relation to statutory demand, insolvent, business failure, liquidation, liquidations, company bankrupt and business bankruptcy. Mon, 05 Jan 2009 21:21:01 +0000 http://backend.userland.com/rss092 en WESTERN Australia has registered a sharp increase in the number of individuals going bust. Fresh figures on personal bankruptcies reveal that bankruptcy rates in Western Australia increased by almost 13% by the end of 2008, compared with just 2.2 per cent across the country. A total of 1520 people from the west ... http://www.liquidationdirect.com.au/portal/general/wa-bankruptcies-increase-by-13/ AUSTRALIAN businesses fear the next three months will be their toughest quarter yet - they fear the financial crisis will keep driving down sales, profits and employment levels. A nationwide survey of 1200 companies revealed more than 50% were preparing for a drop in sales, while 59 per cent expected lesser ... http://www.liquidationdirect.com.au/portal/general/aussie-business-fear-next-3-months-will-be-the-worst/ THE fallout from the row between Commonwealth Bank and its abortive capital raising undertaken by investment bank Merrill Lynch reverberated around the group's share price yesterday despite the success in finally getting away its replacement $1.65 billion offer. The focus has now switched back to the original disclosures and bad debt likely to ... http://www.liquidationdirect.com.au/portal/general/comm-bank-bad-debts-rise-to-25-billion/   If a company is in financial difficulty, it can be put into voluntary administration. This information sheet provides general information for unsecured creditors of companies in voluntary administration.   Who is a creditor? You are a creditor of a company if the company owes you money. Usually, a creditor is owed money because ... http://www.liquidationdirect.com.au/portal/general/voluntary-administration-a-guide-for-creditors/ MAJOR mining companies have started laying off more than 500 workers as the global financial crisis grips the resources sector.  Mining giant Xstrata will cut 190 contractors and 40 permanent workers in central Queensland. Zinc miner Oz Minerals laid off 135 workers in north-west Queensland on Friday. Macarthur coal will lay off 180 ... http://www.liquidationdirect.com.au/portal/general/thousands-of-jobs-being-lost-in-the-mining-sector/