ACFS is one of Australia’s largest trucking and container logistics operations. Image: ACFS One of Australia’s largest container transport and logistics businesses has been placed into administration by specialist lender ScotPac, just one day before a Federal Court hearing over a reported tax debt of almost $60 million. The Australian Financial Review reported Salea Advisory…
Americans owe a collective $18.8 trillion in household debt, including mortgages, auto loans and credit cards, according to the Federal Reserve Bank of New York. Debt is a burden millions face, and paying it off can feel overwhelming, especially when high interest rates make it difficult to make progress. For some borrowers, a debt management…
Goterra Pty Ltd, the Canberra-based ag-tech business known for using black soldier fly larvae and automated modular infrastructure to process food waste into animal feed and fertiliser inputs, has entered voluntary administration. Daniel Walley and Martin Ford of Teneo were appointed voluntary administrators on 5 June 2026, following a funding shortfall at the company, which…
The Bathla Group entered voluntary administration in late August owing a reported $3.3 billion. (Dan Himbrechts/AAP PHOTOS) Administrators for a major housing developer have met a crucial funding deadline, but negotiations to keep the group afloat remain ongoing. Insolvency advisory Teneo has been scrambling to secure $20 million in short-term funding for the embattled Bathla…
Here is our summary of key developments relevant to restructuring professionals that you might have missed, with links for further information. The Court of Appeal in TAQA (TAQA Bratani Ltd & Ors v Fujairah Oil and Gas UK LLC & Ors [2025] EWCA Civ 1669 (19 December 2025)) recently considered the meaning of “transaction” for…
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Ebonyi Assembly amends debt management law – FRCN HQ FRCN HQ Read the original article here
Nathan River Resources has entered voluntary administration after operations at its Roper Bar iron ore mine in the Northern Territory were halted, leaving a large creditor pool that includes workers, contractors, government agencies and traditional owners. Giovanni Carrello, Shaun Boyle and Clint Joseph of BRI Ferrier were appointed voluntary administrators on 26 May 2026. The appointment…
QPM Energy Limited and 16 related entities have entered voluntary administration, with secured creditor Dyno Nobel Limited separately appointing receivers and managers over seven companies holding the group’s gas-producing operations. Mark Holland and Anthony Connelly of McGrathNicol were appointed voluntary administrators on 7 July. Chris Hill and Ben Campbell of FTI Consulting were subsequently appointed…