Bank Repossession

  Australia's reputation as an international education destination was dealt another  severe blow  with the collapse of a group of companies  ( GEOS COLLEGES) which run English language schools nationwide. Collapse of Geos colleges Administrators from Ernst and Young came to the conclusion that the GEOS group could not afford to keep its eight Australian colleges running. Ernst and Young has been appointed voluntary administrators to private English language school GEOS Perth and eight other affiliated companies, affecting a total of 2,300 students from a number of countries. About 400 staff will lose their jobs and 3,000  overseas students in cities across Australia are left hanging. The group owed some students thousands of dollars. "It would appear that at least some of the schools have traded profitably, so the question of where the money has gone is one which needs attention.GEOS is a Japanese company which owns hundreds of coll...

On jan 20 2010 australian   Rubicon 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 BANKRUpTCY Property 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 Management. Propertyreview.com.au - 12:18 a.m. Monday 26th October 2009 EST Rubicon America Trust's parent, Rubicon Asset Management Ltd, was found likely to...

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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 bankrupt The 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 . Buy Once were warriors Dvd from amazon Once were warriors author in debt The 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 mov...

Some recent liquidations anounced 2010 List of liquidations starting 2010 Griffin Coal (All Administrators Appointed) - Australia The 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 2010 Appointees: Brian McMaster, Scott Kershaw, Cliff Rocke and Mark Mentha Administration Contact KordaMentha Perth Office T: +61 8 9220 9333 F: +61 8 9220 9399 http://kordamentha.com/main/display-creditor.aspx?CID=62 =============================================== Roadfreighters liquidation – New Zealand A 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 u...

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 - DETACHED Beautiful 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: Dubai Address of Property: Dubai, U.A.E Postcode/Zip: [MAP] Bedrooms: 4 Reception Rooms: 0 Bathrooms: 3 Type of Property: Detached Price: us$ 970.00 [ CONVERT ]   CONTACT INFORMATION Email Seller: EMAIL SELLER Contact person: Manisha Assanand Advertiser Type : Phone: 00971-50-5833661 Sellers City, County : Dubai Dubai -- URL: DUBAI Map: VIEW PROPERTY LOCATION SEE OTHER LISTINGS BY THIS USER (0) Dubai is one of the most popular destinations for people in India and all over the wo...

Fairfield's bankruptcy documents, filed in Delaware, list assets of $100 million to $500 million and liabilities of more than $1 billion. Apartment developer Fairfield Residential LLC , which has projects in North Texas, has filed for Chapter 11 bankruptcy protection. The company said it reached an agreement with its major creditors for the “framework of a consensual plan of reorganization.” A new operating company was formed that will allow Fairfield to continue to operate its property and asset management, construction services and general partner functions. The new operating company has the ability to raise capital. “Through our productive discussions over the past year, we have reached agreements with our lender groups that will allow us to continue to provide property management services, complete our construction projects and preserve value for our creditors,” president and CEO Christopher Hashioka said. Fairfield specializes in multifamily housing and is based in San...