Jon Adgemis: The $1.8B Pub Baron Bankruptcy Explained
Few business collapse stories in Australia pack a surprise like Jon Adgemis’s. He built a hospitality empire using aggressive debt financing, then the Federal Court declared him bankrupt in November 2024 after he failed to repay $1.8 billion in debts. Total debt at bankruptcy: $1.8 billion · Bankruptcy declared: November 2024 · ATO tax claim: … Read more