One of Australia's largest dealers enters bankruptcy protection – Powersports Business
One of Australia’s largest dealers enters bankruptcy protection Powersports Business Read the original article here
Roofing firm director's bankrupt son ran company that went bust – The Press
Roofing firm director’s bankrupt son ran company that went bust The Press Read the original article here
Developer’s company in liquidation amid court stoush with builder – The Australian
Developer’s company in liquidation amid court stoush with builder The Australian Read the original article here
Registrar of Companies assures support for companies on verge of insolvency
The Office of the Registrar of Companies says its administrative role in salvaging companies in financial distress is actively being rolled out for the protection of local businesses. Under the Corporate Insolvency and Restructuring Act 2020, the Registrar of Companies is empowered to have registered insolvency practitioners to aid in the administration of companies on…
Australian activewear brand collapses after more than ten yearscollapses after more than ten years
An Australian activewear company has collapsed and is up for sale after more than ten years in business. Exoticathletica, a Queensland Sunshine Coast firm which sells colourful gear for women, had administrators appointed last month. SV Partners is now looking for a buyer for the “much-loved” brand, which was launched in 2014. Exoticathletica active wear.…
Exoticathletica: Australian women’s activewear brand goes bust, owing millions to creditors
A popular Australian women’s activewear company has gone bust, owing $13m to creditors. Founded in 2014 by Leilani Chandler in Noosa, Exoticathletica is best known for its size-inclusive, vibrant and bright activewear and quickly became a popular choice for women across the country. However, the brand filed for voluntary administration on April 9, turning to…
R3 responds to April 2025 insolvency statistics
Jodie Wildridge, deputy chair of the UK’s insolvency and restructuring trade body R3 in Yorkshire and a barrister at Exchange Chambers in Leeds Jodie Wildridge, deputy chair of the UK’s insolvency and restructuring trade body R3 in Yorkshire and a barrister at Exchange Chambers in Leeds, said: “April’s corporate insolvency figures were the highest we…
Mystery buyer makes eleventh hour bid for Zorzi – The West Australian
Mystery buyer makes eleventh hour bid for Zorzi The West Australian Read the original article here
Lenders willing to offer lower rates to distressed firms since IBC took effect, says insolvency board – Mint
Lenders willing to offer lower rates to distressed firms since IBC took effect, says insolvency board Mint Read the original article here
IBC results in 4% reduction in overall leverage: IBBI Study
The Insolvency and Bankruptcy Code (IBC) has triggered a paradigm shift in India’s corporate debt landscape, fostering fiscal discipline while enabling strategic adjustments for distressed firms, according to a recent study by the Insolvency and Bankruptcy Board of India (IBBI). The study shows that after implementation of IBC, there has been a broad-based reduction in…