$5m debt remains after shell of Kaspersky distributor Hemisphere Technologies in liquidation – CRN Australia

The shell left behind after Hemisphere Technologies sold its assets to a foreign investor has gone into liquidation with debts of nearly $5 million, including hundreds of thousands of dollars owed to security vendor Kaspersky. Just a month after its assets were acquired, the company now called “ACN 152 546 453 Pty Ltd” formerly Hemisphere Technologies…

Builton close to collapse – Business News

UPDATED: Residential construction outfit Builton Group is closing its doors, becoming the second local homebuilder associated with Tim Guests Infinite Wealth to go bust in as many years. Business News understands Builton staff have been told not to come to work on Monday, with an announcement that the company has been placed into administration expected later…

Another WA home builder under threat of collapse with up to 80 homes in limbo – WAtoday

Burswood-based builder Builton Group, which trades under the brands Platinum Homes and Aspireon Homes, seems poised to join the growing list of residential builders in Western Australia gone bust. New Home Building Brokers managing director Tristan Kirkham said he had been fielding calls from distressed staff members and contractors on Friday claiming Builton Group was going into administration. WA builder…

NBU declares Bank People’s Capital insolvent – Interfax

2017-01-19T18:39+02:00 18:39 19.01.2017 The National Bank of Ukraine (NBU) on January 19 declared Bank People’s Capital (Bank Narodny Kapital, Kyiv) insolvent, according to the central bank’s website. The central bank made relevant decree No. 34- RSh/BT due to the incompliance of the bank’s ownership structure with the requirements regarding transparency. According to the NBU, now…

Auctionata Paddle8 files for insolvency to restructure business – Art Newspaper

The online auctioneer, Auctionata Paddle8, which merged last May, has filed for insolvency to restructure the business. The Berlin-based parent group announced on 19 January that it is holding several conversations with investors about future funding for Auctionata. Meanwhile, Paddle8 announced it has found an investor to buy back the New York-based company, which is…

The company reportedly couldn’t pay its employees in December. – artnet News

The online auction start-up Auctionata Paddle8 AG filed a request to open insolvency proceedings on January 16, according to publicly accessible documents published by the Amtsgericht Charlottenburg, the district court responsible for the companys headquarters in West Berlin. Auctionata, founded in 2012, has reportedly been under financial strain recently; last week, the German online magazine…