Dutch bicycle manufacturer Accell Group was declared bankrupt by an Amsterdam court, according to the bankruptcy trustees. The new court order revokes the previous ‘suspension of payments’ that was granted to the Dutch parts of Accell’s business on August 5. Court-appointed trustees said the companies could no longer meet their costs, and that the factory…
– Suzanne Paul’s former Glendowie mansion, valued above $9m, has returned to the market. – It features five bedrooms, Mediterranean styling, harbour views, three levels, and 686sqm of living space. – Paul sold it for $4m in 2004 after financial trouble, but later declared bankruptcy. Suzanne Paul’s former dream home is on the market for…
REVEALED: Latest business liquidations in Redland The Courier Mail Read the original article here
REVEALED: Liquidator appointments for businesses in the Redland council area for August 11 The Courier Mail Read the original article here
REVEALED: Latest business liquidations in Monash Herald Sun Read the original article here
Construction, retail, and hospitality feel the strain The strain was uneven across industries. Construction recorded a 114% jump in large business exits and a 58% rise in small business exits, alongside a 43% increase in new tax default disclosures and a softening in on-time trade payments. Retail saw insolvencies climb across both large businesses and…
REVEALED: Latest business liquidations in Brisbane The Courier Mail Read the original article here
REVEALED: Latest business liquidations in Yarra Herald Sun Read the original article here
Nigel Rice and Jacqueline Fisher, who had been directors of Genwise Ltd and held significant stakes in the company, both ceased to be people with significant control on June 26. They then resigned as directors three days later, on June 29, with Ms Fisher also stepping down as company secretary. David Stanley Gates was appointed…
AMSTERDAM (BRAIN) — Dutch news sites are reporting that the Amsterdam district court has declared Accell Group bankrupt. The move follows the court’s granting the company some protection from creditors last week. The reports, including one on NL Times, quote trustees who note the case is complex because of Accell’s subsidiaries in several nations, including…