Katies was once a staple of the Australian fashion industry but the brand will be lost to time as its remaining 80 stores are shut for good in January. The closures are one lever being pulled in a delicate bid to stabilise parent company Mosaic Brands, which recently entered voluntary administration owing creditors almost $250m.…
Nicheliving directors save failed company from liquidation MSN Read the original article here
Nicheliving directors save failed company from liquidation MSN Read the original article here
Banxso’s Liquidity and Security Offer Raise Questions About Liquidation Motives MSN Read the original article here
South Australian early childhood education and care (ECEC) Precious Cargo has been wound up with liquidator’s appointing Heard Phillips Lieberenz to manage the business until new buyers are found. Precious Cargo was founded in 2006 by Cheryl Shigrov and operates seven ECEC centres across the Adelaide metropolitan area that offer a Montessori program to…
The directors of failed construction company Nicheliving have saved it from liquidation by buying it back despite being banned from holding a building licence. Directors Ronnie Michel-Elhaj and Paul Bitdorf are buying back their company after creditors agreed to a $2.7 million deal that will give them cents on the dollar for their debts. “The…
Video: Nicheliving directors save failed company from liquidation Nicheliving directors save failed company from liquidation We’re sorry, this feature is currently unavailable. We’re working to restore it. Please try again later. Dismiss Skip to sections navigationSkip to contentSkip to footer The directors of failed construction company Nicheliving have saved it from liquidation by buying it…
ATO tackles Glory owner for $946,880 The West Australian Read the original article here
Banxso’s Liquidity and Security Offer Raise Questions About Liquidation Motives MSN Read the original article here
Overview The pandemic has created significant financial and operating challenges for all Australian businesses. While interim government fiscal support measures, and temporary changes to the insolvency regime such as the six month suspension of insolvent trading liability for directors, have helped to calm the storm and delay mass new insolvency filings, the fiscal cliff is…