The festival promoter behind Juicy Fest has entered liquidation with ticketholders to the postponed Timeless Summer Tour being told the event has been cancelled. Juicy Festival Limited, Timeless Events New Zealand and Timeless Events Australia Limited were placed into liquidation at 5pm today. Blacklock Rose’s Ben Francis and Garry Whimp have been appointed as liquidators.…
Whyalla steelworks was losing $1.5 million a day before being put into voluntary administration and owes creditors $1.34 billion, including $570 million to entities owned by British industrialist Sanjeev Gupta, which administrators have flagged as a disputed claim. The steelworks in South Australia was plunged into voluntary administration two weeks ago owing employee entitlements of…
The Brindabella Christian College administration could be a drawn-out process, but it offered the best opportunity to put the school back on its feet. Photo: Michelle Kroll Brindabella Christian College parents, staff and students face an anxious wait over the next month before the school’s financial situation becomes clearer but the Deloitte administrators goal will…
Alert: US company says its lander touched down on the moon, but its condition was not immediately clear CTPost Read the original article here
Leases for Joann fabrics stores in CT head to auction as company begins liquidation process CT Insider Read the original article here
What happens now for Brindabella Christian College students and staff The Canberra Times Read the original article here
Of this, £245,604 is earmarked for HM Revenue & Customs (HMRC) and £2,728 towards employee arrears or holiday pay. Once this was paid, the firm would still owe more than £3.4m to creditors, the document said. This included an additional £1,589,738 owed to the HMRC, £591,993.60 to the EA and £132,097.20 to Newcastle-under-Lyme Borough Council.…
Jetski dealership sinks into liquidation Business News Read the original article here
Leasing company announces its windup in Azerbaijan Trend News Agency Read the original article here
Even as the amendments to be Insolvency and Bankruptcy Code (IBC) are getting delayed, the Insolvency and Bankruptcy Board of India (IBBI) has made a slew of regulatory changes in the past 18 months to enhance the efficiency of the resolution process. “Until amendments to the IBC are carried out, it’s only logical for the…