ABC News (Australia) published this video item, entitled “How a Gold Coast businessman secretly planned to profit from his company going bust | 7.30” – below is their description.
When a business goes under, it can leave behind large debts. Some struggling companies use what’s known as pre-insolvency advisors who are meant to help them restructure to stay afloat but tonight we focus on a case where the advice was to strip out money and assets to avoid paying debts to creditors. Michael Atkin reports.
ABC News (Australia) YouTube Channel
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