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Showing posts from January, 2010

Australian Rubicon US REIT Inc files for bankruptcy

On jan 20 2010 australianRubicon US REIT Inc filed for bankruptcy. It filed for bankruptcy five months after administrators found its Australian owner likely to be insolvent. According to its annual report for 2008, Rubicon America Trust had real estate investments worth $529 million as well as $61.6 million in commercial real estate loans. The 2008 annual report also said Rubicon US REIT had issued about $100 million of notes.Possible Liquidation for Rubicon asset management after Australian Rubicon US REIT BANKRUpTCYProperty investment fund Rubicon US REIT is a subsidiary of Rubicon America Trust of Edgecliff, New South Wales in Australia. The fund suffered from soured investments in U.S. real estate.UPDATE : 27 jan 2010 Rubicon wound up  ADMINISTRATORS have wound up Rubicon Asset - 12:18 a.m. Monday 26th October 2009 ESTRubicon America Trust's parent, Rubicon Asset Management Ltd, was found likely to be insolvent, according to a letter from admi…

Australian Sharemarket and stock website

Australian stocks
ASX - the australian stock market is Under-reported on blogs but Australian stock watch is here to change that with unbiased views and current updates of the australian stock market through the common mans eye's Check out the blog at www.australianstockwatch.comin reference to: HotCopper - Australian Stock Market (ASX) Forum (view on Google Sidewiki)

Once were warriors NZ movie author almost bankrupt

Author Alan Duff of Once were warriors fame has admitted to a New Zealand court that he will not be able to pay back the $NZ3.6 million ($A2.87 million) he owes creditors over a failed property venture.
Alan duff almost bankruptThe man behind the famed Once Were Warriors story that propelled New Zealand's gang culture onto the world stage is in financial ruin. Alan Duff (born October 26, 1950, Rotorua, New Zealand) is a New Zealand novelist and newspaper columnist, most well known as the author of Once Were Warriors.

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Once were warriors author in debtThe Dominion Post questioned why Duff, now based in France, was driving a Lexus and playing golf at one of the country's most prestigious golf clubs during his summer visit home, but Duff insists he is not spending recklessly.
It is a big fall from grace for Duff who wrote the acclaimed best-selling novel Once Were Warriors, a violent love story adapted for a hard-hitting 1994 movie of the same n…

Latest Recent Liquidations – Griffin coal , TCW Group , Rapid Roadfreighters

Some recent liquidations anounced 2010List of liquidations starting 2010Griffin Coal (All Administrators Appointed) - AustraliaThe Griffin Coal Mining Company Pty Ltd
ACN 008 667 285
W.R. Carpenter Holdings Pty Ltd
ACN 008 401 796
Griffin Energy Group Pty Ltd
ACN 008 681 696
Carpenter Mine Management Pty Ltd
ACN 106 053 703
Carpenter Mine Management Holdings Pty Ltd
ACN 122 080 684
(All Administrators Appointed)Date of Appointment: 3 January 2010Appointees: Brian McMaster, Scott Kershaw, Cliff Rocke and Mark MenthaAdministration ContactKordaMentha Perth OfficeT: +61 8 9220 9333F: +61 8 9220 9399 liquidation – New ZealandA nationwide freight transport firm Rapid Roadfreighters, collapsed just before Christmas, has left as much as 250 workers jobless and they have started job search in the midst of uncertain waves prevailing in the market. The…

Dubai repossessed Houses !!

It seems like everyone’s singing the same tune when it comes to the real estate market today. In the news and on the street, realtors are saying that it’s a buyers market, especially when it comes to foreclosures.ABOUT THIS 4 - DETACHEDBeautiful garden villa on the world-known Palm,Dubai project in Jebel Ali. Maximise the return on a residential masterpiece and enjoy a sunset second-to-none!City/Town:
DubaiAddress of Property:
Dubai, U.A.EPostcode/Zip:
4Reception Rooms:
3Type of Property:
EMAIL SELLERContact person:
Manisha AssanandAdvertiser Type :
00971-50-5833661Sellers City, County :
Dubai Dubai --URL:
VIEW PROPERTY LOCATIONSEE OTHER LISTINGS BY THIS USER (0)Dubai is one of the most popular destinations for people in India and all over the world. It not only provides employment opportunities with lucrative salaries but is also considered as land of gold. There are many reasons for …