Australia’s largest online bookseller Booktopia enters voluntary administration | Business

Booktopia has entered into voluntary administration, but will continue filling orders and selling to the public under supervision from an insolvency adviser. Australia’s largest online bookseller announced the move on Wednesday, two weeks after it went into a voluntary suspension of share trading. Along with Booktopia Group, its associated entities Booktopia, Making I. T. Better,…

Restaurants and bar close as businessman’s companies tumble

Three Noosaville hospitality venues have closed their doors suddenly after several of the owners’ companies cascaded into a mixture of administration and liquidation. JD’s Chicken Co and Apero Noosa, at 203 Gympie Terrace, Noosaville, and Frenchies Brasserie Noosa, at Thomas Street, Noosaville, have all shut. People identifying themselves as employees said on social media that…

Human Horizons appears to be on the verge of insolvency

Even though an insolvency administrator is already involved, this is still a so-called pre-restructuring phase. In this phase, which lasts six months and can be extended by three months if necessary, Human Horizons must work with the insolvency administrators to protect assets, manage operations prudently and attract strategic investors. This period is seen as a…