Deal done: Frankston Dolphins FC has been saved from extinction. Picture: Gary Sissons FRANKSTON Dolphins Football Club will fight on and hope to be readmitted into the VFL in 2018 after creditors voted to accept partial payment for outstanding debts. Worrells, the administrators of the club, met with creditors on Friday (28 October) at the…
NEW YORK, Oct. 30, 2016 /PRNewswire/ — New York REIT, Inc. (“NYRT”) (NYSE: NYRT), announced today that its 2016 Annual Meeting of Stockholders (the “Annual Meeting”) to vote on the election of directors and to approve NYRT’s proposed plan of liquidation and dissolution, will be held on December 19, 2016 at a time and location…
Brendan OConnor, right, on Sky News this morning. LABOR is demanding to know more about the unnamed investor, who may enable Family First senator Bob Day to reverse his decision to resign from parliament to take care of his collapsed building company. Labor frontbencher Brendan OConnor also wants the government to explain whether it has…
An IT distribution company that has operated for almost 20 years has collapsed into voluntary administration. Altech Computers was established in 1997 and has offices and warehouses in Sydney, Melbourne, Brisbane, Adelaide, Perth, Auckland and Hong Kong. The business featured in BRWs Fast 100 for several years between 2004 and 2006, coming in at number…
Family First senator Bob Day wrote a book about sales in which he emphasised the importance of keeping promises to customers, delivering products on time and avoiding the distractions of a second job. Families brought to the brink of financial ruin by Senator Day’s failed Home Australia building company have labelled him a “total hypocrite”…
One of Donald Trumps business partners is embroiled in a dispute that has become so bitter it could result in a key part of his commercial empire being liquidated. Alex Shnaider, the developer of the Trump Tower in Toronto, made his fortune in the Ukrainian steel industry with his long-time business partner Eduard Shifrin. Their…
An estimated 3,633 companies entered insolvency in Q3 2016, which was 2.2% higher than Q2 2016 and 1.1% up on the same period in 2015. The worst affected sector was construction with 2,450 company collapses, although this was slightly better than 2015 equivalent figures. Next worst hit was the wholesale trade and vehicle repairs sector,…
NEW DELHI: The Insolvency and Bankruptcy Board of India (IBBI) is scheduled to hold a meeting around November to discuss and finalise draft rules under the Insolvency and Bankruptcy Code, 2016.These draft rules were notified earlier this month and put out for public comments till 31 October. The Centre has, till now, notified six draft…
CHARLIE GATES JOSEPH JOHNSON/FAIRFAX NZ Then office manager Mary Sangster, left, and former owner Sheila Sinclair in 2012. CARYS MONTEATH/FAIRFAX NZ The Children’s Bookshop employee Liz McCracken fills shelves after the move to Riccarton in 2011. Relevant offers The Original Children’s Bookshop has gone into liquidation after nearly 37 years of trading in Christchurch. The…
JOSEPH JOHNSON/FAIRFAX NZ Then office manager Mary Sangster, left, and former owner Sheila Sinclair in 2012. The Original Children’s Bookshop has gone into liquidation after nearly 37 years of trading in Christchurch. The bookshop, which traded on Victoria St for about 35 years before moving to Riccarton after the 2011 earthquakes, went into voluntary liquidation…