ATO and banks take to the courts to claw back debts
Signs appear that directors are being pursued personally for historical company debts, says insolvency specialist
Source: dynamicbusiness.com
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Court actions by Big Four banks against SMEs hit pre-2020 levels
Credit monitor Alares found Commonwealth Bank, ANZ, NAB, and Westpac initiated more than 140 court actions against borrowers in October.
Source: smartcompany.com.au
Caydon receivers might seize Nylex site, $150m of assets for OCP
Asian lender OCP has taken control of the jewel in the crown of developer Caydon, the Nylex silo site in Cremorne overlooking the Yarra.
Source: afr.com