Topic | Insolvency | Canberra Times

Insolvency

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Illegal phoenix activity costing economy up to $5.13b a year

Illegal phoenix activity costing economy up to $5.13b a year

Whistleblowers will be given a hotline to report companies liquidating and creating “phoenix” entities to avoid paying debts.

  • by Jennifer Duke

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Guitars gently weep as Gibson seeks bankruptcy protection

Guitars gently weep as Gibson seeks bankruptcy protection

The maker of the Gibson guitar, loved by musicians such as Chuck Berry, Eric Clapton, David Bowie and Slash, has been wrestling for years with debt.